Factors affecting information disclosure on social responsibility of listed building materials enterprises in Vietnam

Abstract

This research investigated the factors that affected the level of corporate social responsibility information disclosure of listed building materials enterprises in Vietnam. The study was carried out on a sample of 182 observations with financial and non-financial data collected from financial statements, annual reports and sustainability reports of building materials enterprises in Vietnam shares listed on Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange in the period 2014- 2020. Through the application of the static panel data estimation methods including: Pooled OLS, FEM, REM, combined with testing, model selection and defect correction of the model by GLS method. The research shows that large scale enterprises, mobilize a lot of debt, use Big4 audit services, the higher proportion of independent board members, profitability and foreign ownership ratio, the higher the level of corporate social responsibility disclosure. The paper results are basically consistent with stakeholders theory, agency theory, asymmetric information theory and legitimacy theory. The study makes some recommendations to improve the transparency information of corporate social responsibility in the survey sample.