Purpose

This paper aims to examine the levels of integrated reporting disclosure alignment in annual reports by listed firms in Vietnam and the factors influencing these disclosure levels.

Design/methodology/approach

Drawing on a sample of 200 listed firms in Vietnam in 2017, the authors constructed a disclosure index based on the content of the International Integrated Reporting Committee (IIRC) Framework. Using this index, the study measures the extent to which Vietnamese listed firms’ annual reports include the content elements required by the integrated reporting (IR) Framework. The study performs ordinary least square regression to investigate the influencing factors.

Findings

The study documents that, on average, Vietnamese listed firms disclose about 43% of the information required by the IIRC Framework. The disclosure levels are positively associated with manufacturing firms, board independence, foreign ownership, government ownership, audit quality and firm size.

Originality/value

Integrated reports have been widely adopted in many countries, but it is still a new issue in Vietnam. This is the first paper providing some insights into the inclusion of the content elements required by the IR Framework by listed firms in Vietnam. It also contributes to the disclosure literature by providing empirical evidence on the factors influencing these disclosure levels. Deriving from the findings, the authors offer recommendations for policymakers on the issue of regulating and implementing IR in Vietnam.

中文翻译：

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越南上市公司年报综合报告披露水平及影响因素

目的

本文旨在研究越南上市公司在年报中的综合报告披露一致性水平以及影响这些披露水平的因素。

设计/方法/方法

作者以2017年越南200家上市公司为样本，根据国际综合报告委员会（IIRC）框架的内容构建了披露指数。该研究使用该指数衡量越南上市公司的年度报告包含综合报告 (IR) 框架要求的内容元素的程度。本研究采用普通最小二乘回归分析影响因素。

发现

该研究表明，平均而言，越南上市公司披露了 IIRC 框架所需信息的 43%。披露水平与制造企业、董事会独立性、外资所有权、政府所有权、审计质量和公司规模呈正相关。

原创性/价值

综合报告已被许多国家广泛采用，但在越南仍是一个新问题。这是第一篇就越南上市公司纳入投资者关系框架要求的内容元素提供一些见解的论文。它还通过提供有关影响这些披露水平的因素的经验证据来促进披露文献。根据调查结果，作者就越南监管和实施 IR 问题向决策者提出了建议。