FACTORS AFFECTING THE QUALITY OF FINANCIAL REPORTING INFORMATION IN THE CONTEXT OF THE 4.0 ECONOMY OF SMALL AND MEDIUM ENTERPRISES IN HANOI

Abstract

The research was conducted to identify factors and measure the impact of factors on the quality of
information on financial reports of small and medium-sized enterprises in Hanoi in the context of the 4.0
economy. Based on the results of qualitative research on identifying influencing factors, the author
conducted a survey on a sample size of 218 accountants, managers and other relevant subjects working in
the industry. small and medium enterprises in Hanoi. With the quantitative research method, the article
processes data using SPSS 22.0 software, using a multivariate regression model after testing the Cronbach's
Alpha scale and EFA exploratory factor analysis. Research results show that there are two factors including
corporate culture and accounting staff qualifications that impact in the same direction on the quality of
financial reporting information in small and medium-sized enterprises in Hanoi. Finally, the study proposes
some recommendations to further improve the quality of financial reporting information of small and
medium-sized enterprises in Hanoi in the context of the 4.0 economy.