Empirical study on the level of financial information disclosed in financial statements of agricultural cooperatives in the Northwestern Provinces of Vietnam

Abstract

This study examines the level of information disclosed in the financial reports of agricultural cooperatives. The article is based on data collected from the financial statements of 216 cooperatives in the northwest region in the 2020-2022 period. From the collected financial reports, applying the unweighted score method, the article synthesizes indicators to analyze the level of information disclosure according to eight groups of standardized criteria in financial reports: general information, information about businesses, information about financial situation, investment information, information about assets, information about debt, information about revenue, and information on production and business performance results. The survey results show differences in disclosure levels among the information groups. For example, general business and financial information is fully disclosed (100%), whereas investment information has a low disclosure rate (below 30%). This study proposes recommendations to improve the information disclosure index system in the financial reports of agricultural cooperatives and increase the transparency of reporting information.