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

Author

Listed:
  • Loc Dong Truong

    (College of Economics, Can Tho University, Can Tho City 94115, Vietnam)

  • Thai Xuan Le

    (Mekong Delta Development Research Institute, Can Tho University, Can Tho City 94115, Vietnam)

  • H. Swint Friday

    (RELLIS Campus, Texas A&M University, Bryan, TX 77807, USA)

Abstract

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.

Suggested Citation

  • Loc Dong Truong & Thai Xuan Le & H. Swint Friday, 2022. "The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam," JRFM, MDPI, vol. 15(8), pages 1-14, August.
    • Handle: RePEc:gam:jjrfmx:v:15:y:2022:i:8:p:345-:d:880413
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    References listed on IDEAS

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    Cited by:

    1. Ali Meftah Gerged & Rami Salem & Eshani Beddewela, 2023. "How does transparency into global sustainability initiatives influence firm value? Insights from Anglo‐American countries," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4519-4547, November.
    2. Venkata Mrudula Bhimavarapu & Shailesh Rastogi & Rajani Gupte & Geetanjali Pinto & Sudam Shingade, 2022. "Does the Impact of Transparency and Disclosure on the Firm’s Valuation Depend on the ESG?," JRFM, MDPI, vol. 15(9), pages 1-12, September.
    3. Cristóbal Parra Quesada & Manuela Cañizares Espada, 2024. "Relationship of market capitalization of the IBEX 35 to corporate social responsibility and transparency," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3551-3572, July.

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