Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Does Risk Governance Impact CSR Disclosure? Empirical Evidence from Listed Companies on Vietnam Stock Market

Author(s): Nguyen Thuy Anh

This paper investigates the impact of risk governance on CSR disclosure practices. By analyzing a sample of 150 listed firms on the Vietnam stock market during the period from 2014 to 2019, the paper shows a significant positive relationship between risk governance and CSR disclosure. This is one of the first papers to find one internal contextual factor contributing to the reporting of CSR performance. The findings suggest that in order to enhance the quality and quantity of CSR reporting, besides other traditional ways, firms should focus on setting the mechanism for risk governing to reduce the agency cost and put higher pressure on managers to improve the CSR reporting. This is extremely imperative in the context of the Covid-19 pandemic. Furthermore, the findings add to the current literature relating the determinants of CSR disclosure by showing the significant relationship between CSR reporting with firm size, the role of Big4 Audit, State ownership, and industry characteristics.

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