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Article

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

by
Loc Dong Truong
1,*,
Thai Xuan Le
2 and
H. Swint Friday
3
1
College of Economics, Can Tho University, Can Tho City 94115, Vietnam
2
Mekong Delta Development Research Institute, Can Tho University, Can Tho City 94115, Vietnam
3
RELLIS Campus, Texas A&M University, Bryan, TX 77807, USA
*
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2022, 15(8), 345; https://doi.org/10.3390/jrfm15080345
Submission received: 13 June 2022 / Revised: 25 July 2022 / Accepted: 1 August 2022 / Published: 4 August 2022
(This article belongs to the Section Economics and Finance)
Versions Notes

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.
Keywords: transparency and disclosure; value of listed companies; Vietnam transparency and disclosure; value of listed companies; Vietnam

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MDPI and ACS Style

Truong, L.D.; Le, T.X.; Friday, H.S. The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam. J. Risk Financial Manag. 2022, 15, 345. https://doi.org/10.3390/jrfm15080345

AMA Style

Truong LD, Le TX, Friday HS. The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam. Journal of Risk and Financial Management. 2022; 15(8):345. https://doi.org/10.3390/jrfm15080345

Chicago/Turabian Style

Truong, Loc Dong, Thai Xuan Le, and H. Swint Friday. 2022. "The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam" Journal of Risk and Financial Management 15, no. 8: 345. https://doi.org/10.3390/jrfm15080345

APA Style

Truong, L. D., Le, T. X., & Friday, H. S. (2022). The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam. Journal of Risk and Financial Management, 15(8), 345. https://doi.org/10.3390/jrfm15080345

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