ORIGINAL RESEARCH
The Effect of Water Disclosure on Firm Value
in Vietnamese Listed Companies
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1
University of Economics and Law, Ho Chi Minh City 700000, Vietnam
2
Vietnam National University, Ho Chi Minh City 700000, Vietnam
3
Department of Business Administration, College of Management, Asia University, Taichung 41354, Taiwan
4
Faculty of Finance and Accounting, Saigon University, Ho Chi Minh City 700000, Vietnam
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Department of Environmental Sciences, Saigon University, Ho Chi Minh City 700000, Vietnam
Submission date: 2022-01-27
Final revision date: 2022-03-03
Acceptance date: 2022-03-10
Online publication date: 2022-05-30
Publication date: 2022-07-12
Corresponding author
Nguyen Vinh Khuong
Faculty of Accounting and Auditing, University of Economics and Law, Ho Chi Minh City 700000, Vietnam
Vietnam National University, Ho Chi Minh City 700000, Vietnam., 700000, Ho Chi Minh City, Viet Nam
Pol. J. Environ. Stud. 2022;31(4):3645-3651
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ABSTRACT
This paper analyzes the impact of country disclosure on the firm value of listed companies in Viet
Nam. As the sharp increase in population and urbanization has led to the depletion of water resources,
the issue of water management is having an impact on the sustainable development of businesses. These
days stakeholders and investors are taking this issue more and more seriously, which leads to a business
disclosing country information that has a positive effect on their firm value. We use the quantitative
method through instrumental variables for a sample of 170 companies listed on the Ho Chi Minh Stock
Exchange and conducted from 2015-2019. The results of our study have shown that there is a positive
influence of information disclosure on corporate governance. Our research aims to provide additional
information for the current literature by providing further evidence for the field and suggesting solutions
for governments, stakeholders and companies.