The impact of corporate governance on the disclosure level in the interim financial reporting: An empirical study of Vietnamese commercial banks

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The disclosure level in the interim financial reporting is important to users when making business decisions. Useful information from interim financial reporting ensures timeliness and flexibility of business operations. Information disclosures that ensure completeness will enhance the quality of information for users. The paper aims to examine the factors of corporate governance that affect the disclosure level in interim financial reporting of Vietnamese commercial banks. To test the model, ordinary least squares (OLS) are used. For the data of this study, 286 samples of 30 commercial banks were studied and time series data were used for 10 years from 2010 to 2019. The results show that there are two factors that positively influence the disclosure level in interim financial reporting, such as the Board size and foreign Board members. Thus, the paper offers some policy recommendations for the Central bank of Vietnam and Boards of directors of commercial banks, as well as investors to improve disclosure in interim financial reporting.

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    • Table 1. Description of independent variables used in the regression model
    • Table 2. Descriptive statistics
    • Table 3. Correlations
    • Table 4. Coefficients
    • Table A1. List of information disclosed in IFR according to VAS 27
    • Formal Analysis
      Tran Quoc Thinh
    • Project administration
      Tran Quoc Thinh
    • Supervision
      Tran Quoc Thinh
    • Writing – original draft
      Tran Quoc Thinh, Dang Anh Tuan, Le Xuan Thuy
    • Writing – review & editing
      Tran Quoc Thinh
    • Conceptualization
      Dang Anh Tuan
    • Methodology
      Dang Anh Tuan
    • Resources
      Dang Anh Tuan
    • Validation
      Dang Anh Tuan
    • Visualization
      Dang Anh Tuan
    • Data curation
      Le Xuan Thuy
    • Investigation
      Le Xuan Thuy
    • Software
      Le Xuan Thuy