A discussion of the role of leadership responsibility, accounting capacity, and corporate social responsibility for the quality of financial reporting of enterprises in Ho Chi Minh City
Abstract
Financial reporting is essential in providing information for managers decision-making processes. Simultaneously, it is vital for individuals and entities external to the organization, such as investors and government agencies. Therefore, ensuring the provision of quality financial reporting is necessary, as it aids enterprises in fostering good corporate social responsibility, enhancing their reputation, gaining a competitive advantage, and striving for sustainable development. Drawing upon leadership theory, legitimacy theory, and contingency theory, this study has expounded upon concepts and formulated a model outlining the factors that impact the financial reporting quality of enterprises in Ho Chi Minh City. These factors encompass responsible leadership, accounting capacity, and corporate social responsibility. The results of testing models and future hypotheses will lead to helpful management implications in increasing the financial reporting quality among enterprises in Ho Chi Minh City.