The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam

被引：8
|
作者：
Truong, Loc Dong [1 ]
Le, Thai Xuan [2 ]
Friday, H. Swint [3 ]
机构：
[1] Can Tho Univ, Coll Econ, Can Tho City 94115, Vietnam
[2] Can Tho Univ, Mekong Delta Dev Res Inst, Can Tho City 94115, Vietnam
[3] Texas A&M Univ, RELLIS Campus, Bryan, TX USA
来源：
JOURNAL OF RISK AND FINANCIAL MANAGEMENT | 2022年 / 15卷 / 08期
关键词：
transparency and disclosure; value of listed companies; Vietnam; FIRM VALUE EVIDENCE; MANAGEMENT OWNERSHIP; INSIDER OWNERSHIP; IMPACT;
D O I：
10.3390/jrfm15080345
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This analysis examines the influence of information transparency and disclosure on the value of companies listed on the Vietnamese stock market. Data employed in this study were primarily gathered from the audited financial statements, management reports and other related documents of 430 publicly traded firms listed on the Ho Chi Minh Stock Exchange (HOSE) and Ha Noi Stock Exchange (HNX) for the time period from 2014 through 2016. Using the GMM (Generalized Method of Moments) approach, the empirical findings indicate that the level of transparency and disclosure of the companies has a significant positive effect on firm value as measured by Tobin's Q.
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页数：14
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