Examining the Influence of Corporate Characteristics on ESG Disclosure: A Case Study of Vietnam Publicly Traded Corporations

Abstract

Purpose: The article analyzes the impact of internal corporate characteristics, including general characteristics, financial characteristics, and corporate governance characteristics, on ESG information disclosure. In addition, the article explores the impact of internal corporate factors on each Environmental-Social-Corporate Governance pillar in the context of Vietnam.
Design/methodology/approach: Quantitative research methods are combined with content analysis methods to score the level of ESG information disclosure. The study utilizes data from 83 non-financial listed enterprises that have the largest market capitalization in Vietnam from 2019– 2023.
Findings: The findings show that corporate characteristics have an impact on the level of general ESG information disclosure and are especially significant for environmental factor (E) information disclosure.
Originality/value: The contribution of the study is to comprehensively explain each aspect of the motivation for ESG information disclosure with an ESG information disclosure coding method suitable for developing countries.