Author(s): Pham Duc Hieu, Lai Thi Thu Thuy, Hoang Thi Bich Ngoc, Nguyen Thi Hong Lam
This study investigated the level of compliance with mandatory social and environmental disclosure in Vietnam Stock Exchange for the year of 2016. A mandatory socio-environmental disclosure index was developed according to the Circular No. 155/2015/TT-BTC, which companies listed in the stock market were obliged to adopt since 2016, and was utilized for the quantification of the extent of mandatory disclosure. The connection between mandatory disclosure and some specific company characteristics was also investigated. The findings showed that the extent of mandatory socio-environmental disclosure was significant correlated with company size, leverage, profitability, and listing age. However, the correlation between mandatory socio-environmental disclosure and audit firm, industrial sectors is not statistically significant.