Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Integrated reporting disclosure alignment levels in annual reports by listed firms in Vietnam and influencing factors

Integrated reporting disclosure alignment levels in annual reports by listed firms in Vietnam and... This paper aims to examine the levels of integrated reporting disclosure alignment in annual reports by listed firms in Vietnam and the factors influencing these disclosure levels.Design/methodology/approachDrawing on a sample of 200 listed firms in Vietnam in 2017, the authors constructed a disclosure index based on the content of the International Integrated Reporting Committee (IIRC) Framework. Using this index, the study measures the extent to which Vietnamese listed firms’ annual reports include the content elements required by the integrated reporting (IR) Framework. The study performs ordinary least square regression to investigate the influencing factors.FindingsThe study documents that, on average, Vietnamese listed firms disclose about 43% of the information required by the IIRC Framework. The disclosure levels are positively associated with manufacturing firms, board independence, foreign ownership, government ownership, audit quality and firm size.Originality/valueIntegrated reports have been widely adopted in many countries, but it is still a new issue in Vietnam. This is the first paper providing some insights into the inclusion of the content elements required by the IR Framework by listed firms in Vietnam. It also contributes to the disclosure literature by providing empirical evidence on the factors influencing these disclosure levels. Deriving from the findings, the authors offer recommendations for policymakers on the issue of regulating and implementing IR in Vietnam. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Meditari Accountancy Research Emerald Publishing

Integrated reporting disclosure alignment levels in annual reports by listed firms in Vietnam and influencing factors

Download PDF
28 pages

Loading next page...
 
/lp/emerald-publishing/integrated-reporting-disclosure-alignment-levels-in-annual-reports-by-UAJDM0VXkx
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2049-372X
eISSN
2049-372X
DOI
10.1108/medar-02-2020-0710
Publisher site
See Article on Publisher Site

Abstract

This paper aims to examine the levels of integrated reporting disclosure alignment in annual reports by listed firms in Vietnam and the factors influencing these disclosure levels.Design/methodology/approachDrawing on a sample of 200 listed firms in Vietnam in 2017, the authors constructed a disclosure index based on the content of the International Integrated Reporting Committee (IIRC) Framework. Using this index, the study measures the extent to which Vietnamese listed firms’ annual reports include the content elements required by the integrated reporting (IR) Framework. The study performs ordinary least square regression to investigate the influencing factors.FindingsThe study documents that, on average, Vietnamese listed firms disclose about 43% of the information required by the IIRC Framework. The disclosure levels are positively associated with manufacturing firms, board independence, foreign ownership, government ownership, audit quality and firm size.Originality/valueIntegrated reports have been widely adopted in many countries, but it is still a new issue in Vietnam. This is the first paper providing some insights into the inclusion of the content elements required by the IR Framework by listed firms in Vietnam. It also contributes to the disclosure literature by providing empirical evidence on the factors influencing these disclosure levels. Deriving from the findings, the authors offer recommendations for policymakers on the issue of regulating and implementing IR in Vietnam.

Journal

Meditari Accountancy Research – Emerald Publishing

Published: Nov 23, 2022

Keywords: Annual reports; Integrated reporting; Voluntary disclosure; Sustainability reporting

References

  • Measuring accounting disclosure in a period of complex changes: the case of Egypt
    Abdelsalam, O.H.; Weetman, P.
  • A template for integrated reporting
    Abeysekera, I.
  • A practice theoretical analysis of the irrelevance of integrated reporting to mainstream sell-side analysts
    Abhayawansa, S.; Elijido-Ten, E.; Dumay, J.
  • The international integrated reporting council: a call to action
    Adams, C.A.
  • Integrated reporting: an opportunity for Australia's not‐for‐profit sector
    Adams, S.; Simnett, R.
  • The trend of integrated reporting practice in South Africa: ceremonial or substantive?
    Ahmed Haji, A.; Anifowose, M.
  • Initial trends in corporate disclosures following the introduction of integrated reporting practice in South Africa
    Ahmed Haji, A.; Anifowose, M.
  • Exploring the implications of integrated reporting on organisational reporting practice: evidence from highly regarded integrated reporters
    Ahmed Haji, A.; Hossain, D.M.
  • The impact of non-financial company characteristics on mandatory disclosure compliance in developing countries: the case of Bangladesh
    Ahmed, K.; Nicholls, D.
  • Disclosure of integrated reporting elements by industrial companies: evidence from Jordan
    Al Amosh, H.; Mansor, N.
  • Disclosure compliance with national accounting standards by listed companies in South Asia
    Ali, M.J.; Ahmed, K.; Henry, D.
  • The association between firm-specific characteristics and disclosure: the case of Saudi Arabia
    Alsaeed, K.
  • Conformity of annual reports to an integrated reporting framework: ASE listed companies
    Altarawneh, G.A.; Al-Halalmeh, A. A O.
  • Disclosure, conservatism and the cost of equity capital: a review of the foundation literature
    Artiach, T.; Clarkson, P.
  • Insights from narrative disclosures regarding integrated thinking in integrated reports in South Africa and Japan
    Arul, R.; de Villiers, C.; Dimes, R.
  • Integrated reporting in South Africa in 2012: perspectives from South African institutional investors
    Atkins, J.; Maroun, W.
  • The emergence of integrated private reporting
    Atkins, J.F.; Solomon, A.; Norton, S.; Joseph, N.L.
  • Factors influencing voluntary corporate disclosure by kenyan companies
    Barako, D.G.; Hancock, P.; Izan, H.Y.
  • The economic consequences associated with integrated report quality: capital market and real effects
    Barth, M.E.; Cahan, S.F.; Chen, L.; Venter, E.R.
  • Lifting the lid on the use of content analysis to investigate intellectual Capital disclosures
    Beattie, V.; Thomson, S.J.
  • Towards an integrated reporting taxonomy in Europe – an analysis of 40 annual corporate reports regarding their value creation disclosures
    Beerbaum, D.; Löw, E.; Illig-Martin, T.
  • The financial reporting environment: review of the recent literature
    Beyer, A.; Cohen, D.A.; Lys, T.Z.; Walther, B.R.
  • Disclosure level and the cost of equity capital
    Botosan, C.A.
  • The takeover market, corporate board composition, and ownership structure: the case of banking
    Brickley, J.A.; James, C.M.
  • Firm characteristics and excellence in integrated reporting
    Buitendag, N.; Fortuin, G.S.; Laan, A.D.
  • The business case for integrated reporting: insights from leading practitioners, regulators, and academics
    Burke, J.J.; Clark, C.E.
  • Theoretical insights on integrated reporting: the inclusion of non-financial capitals in corporate disclosures
    Camilleri, M.A.
  • It’s a matter of trust: exploring the perceptions of integrated reporting preparers
    Chaidali, P.; Jones, M.J.
  • Association between independent non-executive directors, family control and financial disclosures in Hong Kong
    Chen, C.J.P.; Jaggi, B.
  • The international integrated reporting framework: key issues and future research opportunities
    Cheng, M.; Green, W.; Conradie, P.; Konishi, N.; Romi, A.
  • Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa
    Clayton, A.F.; Rogerson, J.M.; Rampedi, I.
  • Corporate reporting of nonfinancial leading indicators of economic performance and sustainability
    Cohen, J.R.; Holder-Webb, L.L.; Nath, L.; Wood, D.
  • Stewardship theory: approaches and perspectives
    Contrafatto, M.
  • Social and environmental accounting, organisational change and management accounting: a processual view
    Contrafatto, M.; Burns, J.
  • The impact of size, stock market listing and industry type on disclosure in the annual reports of Japanese listed corporations
    Cooke, T.E.
  • Auditor brand name reputations and industry specializations
    Craswell, A.T.; Francis, J.R.; Taylor, S.L.
  • Some determinants of social and environmental disclosures in New Zealand companies
    David, H.; Markus, J.M.
  • Developing a conceptual model of influences around integrated reporting, new insights and directions for future research
    de Villiers, C.; Hsiao, P.C.K.; Maroun, W.
  • Integrated reporting: insights, gaps and an agenda for future research
    de Villiers, C.; Rinaldi, L.; Unerman, J.
  • Integrated reporting: background, measurement issues, approaches and an agenda for future research
    de Villiers, C.; Venter, E.R.; Hsiao, P.C.K.
  • Auditor size and audit quality
    DeAngelo, L.E.
  • A cost benefit study of voluntary disclosure: some empirical evidence from French listed companies
    Depoers, F.
  • Estimating firm-level and country-level effects in cross-sectional analyses: an application of hierarchical modeling in corporate disclosure studies
    Dong, M.; Stettler, A.
  • Integrated reporting: a structured literature review
    Dumay, J.; Bernardi, C.; Guthrie, J.; Demartini, P.
  • Barriers to implementing the international integrated reporting framework: a contemporary academic perspective
    Dumay, J.; Bernardi, C.; Guthrie, J.; La Torre, M.
  • Developing trust through stewardship: implications for intellectual capital, integrated reporting, and the EU directive 2014/95/EU
    Dumay, J.; La Torre, M.; Farneti, F.
  • Two disruptive ideas combined: integrated reporting in the cloud
    Eccles, R.G.; Armbrester, K.
  • Corporate governance and voluntary disclosure
    Eng, L.L.; Mak, Y.T.
  • Separation of ownership and control
    Fama, E.F.; Jensen, M.C.
  • Corporate responsibility reporting and its determinants in comparative perspective – a review of the empirical literature and a Meta-analysis
    Fifka, M.S.
  • The international integrated reporting council: a story of failure
    Flower, J.
  • Corporate governance and disclosure quality
    Forker, J.J.
  • Explanatory factors of integrated sustainability and financial reporting
    Frias-Aceituno, J.V.; Rodríguez-Ariza, L.; Garcia-Sánchez, I.M.
  • Is integrated reporting determined by a country's legal system? An exploratory study
    Frías-Aceituno, J.V.; Rodríguez-Ariza, L.; García-Sánchez, I.M.
  • Corporate disclosure quality: lessons from Australian companies on the impact of adopting international financial reporting standards
    Gallery, G.; Cooper, E.; Sweeting, J.
  • How does integrated reporting change in light of COVID-19? A revisiting of the content of the integrated reports
    García-Sánchez, I.M.; Raimo, N.; Marrone, A.; Vitolla, F.
  • The cultural system and integrated reporting
    García-Sánchez, I.M.; Rodríguez-Ariza, L.; Frías-Aceituno, J.V.
  • Does it pay off? Integrated reporting and cost of debt: European evidence
    Gerwanski, J.
  • The relevance of nationality and industry for stakeholder salience: an investigation through integrated reports
    Gianfelici, C.; Casadei, A.; Cembali, F.
  • Compliance with the disclosure requirements of Germany's new market: IAS versus US GAAP
    Glaum, M.; Street, D.L.
  • Integrated reporting and integrated thinking in Italian public sector organisations
    Guthrie, J.; Manes-Rossi, F.; Orelli, R.L.
  • The value added statement – an appropriate instrument for integrated reporting
    Haller, A.; van Staden, C.
  • Culture, corporate governance and disclosure in Malaysian corporations
    Haniffa, R.M.; Cooke, T.E.
  • Walking the talk(s): organisational narratives of integrated reporting
    Higgins, C.; Stubbs, W.; Love, T.
  • Integrated reporting compliance with the global reporting initiative framework: an analysis of the South African mining industry
    Hindley, A.T.
  • Firm‐level disclosures and the relative roles of culture and legal origin
    Hope, O.K.
  • Why company should adopt integrated reporting?
    Hoque, M.E.
  • Consumers' perception on corporate social responsibility: evidence from Vietnam
    Huang, Y.F.; Do, M.H.; Kumar, V.
  • Towards integrated reporting – communicating value in the 21st century
  • The international framework
  • The influence of company characteristics and accounting regulation on information disclosed by Spanish firms
    Inchausti, A.G.
  • Framework for integrated reporting and the integrated report
  • Determinants of traditional sustainability reporting versus integrated reporting: an institutionalist approach
    Jensen, J.C.; Berg, N.
  • Theory of the firm: managerial behavior, agency costs and ownership structure
    Jensen, M.C.; Meckling, W.H.
  • Assessing current company reports according to the IIRC integrated reporting framework
    Kılıç, M.; Kuzey, C.
  • Determinants of forward-looking disclosures in integrated reporting
    Kılıç, M.; Kuzey, C.
  • The KPMG survey of corporate responsibility reporting 2017
  • Communicating about integrating sustainability in corporate strategy: motivations and regulatory environments of integrated reporting from a European and Dutch perspective
    Lambooy, T.; Hordijk, R.; Bijveld, W.
  • Corporate financial reporting in New Zealand: an analysis of user preferences, corporate characteristics and disclosure practices for discretionary information
    McNally, G.M.; Eng, L.H.; Hasseldine, C.R.
  • Exploring the challenges of preparing an integrated report
    McNally, M.A.; Cerbone, D.; Maroun, W.
  • It is not always bad news: illustrating the potential of integrated reporting using a case study in the eco-tourism industry
    McNally, M.A.; Maroun, W.
  • The measurement and potential drivers of integrated report quality: evidence from a pioneer in integrated reporting
    Malola, A.; Maroun, W.
  • Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis
    Manes-Rossi, F.; Nicolò, G.; Tiron Tudor, A.; Zanellato, G.
  • Assuring the integrated report: Insights and recommendations from auditors and preparers
    Maroun, W.
  • The level of integrated reporting alignment with the IIRC framework: evidence from South Africa
    Marrone, A.; Oliva, L.
  • Factors influencing voluntary annual report disclosures by US, UK and continental European multinational corporations
    Meek, G.K.; Roberts, C.B.; Gray, S.J.
  • Circular 155/2015/TT-BTC guiding the disclosure of information on securities market
  • Decree 71/2017/ND-CP guidelines on corporate governance of public companies
  • Ownership structure and corporate social responsibility disclosure: some Malaysian evidence
    Mohd Ghazali, N.A.
  • The journey towards integrated reporting in Bangladesh
    Nakib, M.; Dey, P.K.
  • Expectation gap between preparers and stakeholders in integrated reporting
    Naynar, N.R.; Ram, A.J.; Maroun, W.
  • Discretionary disclosure in interim financial reports of listed companies in Vietnam
    Nguyen, H.C.; Duong, N.N.Q.
  • Studying the factors affecting the information disclosure level of enterprises in the consumer sector listed on Vietnam's stock market
    Nguyen, H.C.; Le, T.B.N.
  • Risk management disclosure by financial listed companies in Vietnam
    Nguyen, H.C.; Vo, H.T.
  • Intellectual capital reporting in sustainability reports
    Oliveira, L.; Lima Rodrigues, L.; Craig, R.
  • Integrated reporting: a review of developments and their implications for the accounting curriculum
    Owen, G.
  • Determinants of environmental, social, and governance reporting of rail companies: does state ownership matter
    Özcan, İÇ.; Manes-Rossi, F.; Levy Orelli, R.
  • Disclosure of the impacts of adopting Australian equivalents of international financial reporting standards
    Palmer, P.D.
  • Integrated reporting: is it the last piece of the accounting disclosure puzzle?
    Pavlopoulos, A.; Magnis, C.; Iatridis, G.E.
  • Integrated reporting: an accounting disclosure tool for high quality financial reporting
    Pavlopoulos, A.; Magnis, C.; Iatridis, G.E.
  • The relative power of CEOs and boards of directors: associations with corporate performance
    Pearce, J.A.; Zahra, S.A.
  • The role of ownership structure in integrated reporting policies
    Raimo, N.; Vitolla, F.; Marrone, A.; Rubino, M.
  • Evaluating the integrated reporting journey: insights, gaps and agendas for future research
    Rinaldi, L.; Unerman, J.; de Villiers, C.
  • Integrated reports: disclosure level and explanatory factors
    Rivera-Arrubla, Y.A.; Zorio-Grima, A.; García-Benau, M.A.
  • Outside directors, board independence, and shareholder wealth
    Rosenstein, S.; Wyatt, J.G.
  • Introduction: the changing status of economic entities in Vietnam
    Sakata, S.; Sakata, S.
  • Integrated reporting and investor clientele
    Serafeim, G.
  • A research template to evaluate the degree of accountability of integrated reporting: a case study
    Silvestri, A.; Veltri, S.; Venturelli, A.; Petruzzelli, S.
  • An empirical analysis of the quality of corporate financial disclosure
    Singhvi, S.S.; Desai, H.B.
  • The development of integrated reporting and the role of the accounting and auditing profession
    Soh, D.S.B.; Leung, P.; Leong, S.; Rahim, M.M.; Idowu, S.O.
  • Integrated reporting quality: an analysis of key determinants
    Songini, L.; Pistoni, A.; Bavagnoli, F.; Minutiello, V.; Lucrezia, S.; Anna, P.; Pierre, B.; Martin, H. K.
  • A systematic literature review on integrated reporting from 2011 to 2020
    Soriya, S.; Rastogi, P.
  • Job market signaling
    Spence, M.
  • Disclosure in published annual reports
    Stanga, K.G.
  • Early assessments of the gap between integrated reporting and current corporate reporting
    Stent, W.; Dowler, T.
  • Organisational benefits and implementation challenges of mandatory integrated reporting: perspectives of senior executives at South African listed companies
    Steyn, M.
  • Factors influencing the extent of corporate compliance with international accounting standards: summary of a research monograph
    Street, D.L.; Gray, S.J.
  • Integrated reporting and internal mechanisms of change
    Stubbs, W.; Higgins, C.
  • Stakeholders’ perspectives on the role of regulatory reform in integrated reporting
    Stubbs, W.; Higgins, C.
  • Disclosure (discernibility) and compliance of accounting policies: Asia–pacific evidence
    Taplin, R.; Tower, G.; Hancock, P.
  • A regional study of listed companies' compliance with international accounting standards
    Tower, G.; Hancock, P.; Taplin, R.H.
  • The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul stock exchange
    Uyar, A.; Kiliç, M.
  • Towards a legitimate compromise? An exploration of integrated reporting in The Netherlands
    Van Bommel, K.
  • Integrated reporting: the current state of empirical research, limitations and future research implications
    Velte, P.; Stawinoga, M.
  • Board characteristics and integrated reporting quality: an agency theory perspective
    Vitolla, F.; Raimo, N.; Rubino, M.
  • The determinants of integrated reporting quality in financial institutions
    Vitolla, F.; Raimo, N.; Rubino, M.; Garzoni, A.
  • The relationship between the comprehensiveness of corporate annual reports and firm characteristics in Spain
    Wallace, R.S.O.; Naser, K.; Mora, A.
  • Corporate governance, integrated reporting and the use of credibility-enhancing mechanisms on integrated reports
    Wang, R.; Zhou, S.; Wang, T.
  • Outside directors and CEO turnover
    Weisbach, M.S.