Determinants of corporate governance on financial information transparency of listed agricultural companies in Vietnam

Le résumé fourni par la source

Abstract Economic growth is a cornerstone of the United Nations’ Sustainable Development Goals, especially in Vietnam. A key element in achieving this growth is the transparency of financial information (TFI), which plays a vital role in effective corporate governance. TFI not only supports sustainable business development but also addresses growing concerns within both the corporate sector and society at large. This study seeks to assess the corporate governance factors that influence TFI in listed agricultural companies in Vietnam. Then, solutions are suggested to enhance TFI for these companies. The study used the panel data regression method, utilizing data from 300 financial reports of 25 listed firms in the agricultural sector from 2012 to 2023. By using the Fixed effects model (FEM) and Random effects model (REM), the result showed the analysis identified two variables that negatively and significantly impact TFI, including Financial leverage (FL) and Fixed Asset Ratio (FAR). Conversely, five variables were found to have a positive influence on the TFI, including Operation years (OY), Gender of Chief Accountant (GCA), Gender of Director (GD), Number of member in Management team (NMT), and ROE. Collectively, these variables explained 11.10% of the variation in TFI among agricultural companies in Vietnam. Finally, solutions are proposed to decrease FL and FAR while increasing ROE and NMT. Besides, it is suggested that increasing the representation of women in Director and Chief Accountant positions will positively contribute to the TFI.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.