Determinants of the tranperency of financial information in the Vietnamese stock exchange - literature review and model selection

Abstract

Transparency of information from companies, especially listed companies, is an important basis for increasing
the value and contributing to the development of the stock market. In Vietnam, with the issuance of the Circular
No. 155/2015/TT-BTC dated 06/10/2015 of the Ministry of Finance guiding the information disclosure on the stock
market has partly created a strict legal corridor for the management of information disclosure of public companies.
However, many legal regulations are not sufficient and clear, do not follow international standards so it makes
information transparency difficult to upgrade Vietnam’s stock market. In this paper, we will develop a model for
analyzing the determinants that influence the level of transparency of financial information of companies listed on
the stock market of Vietnam. This model is the basis for us to develop our research when there is enough data
on listed companies to offer solutions to enhance the transparency in information disclosure on the stock market
in Vietnam.