Examining the Effects of the Features of Corporate Governance on the Level of Corporate Social Responsibility Disclosure of Listed Enterprises in Vietnam

Abstract

This study was conducted to analyze and evaluate the level of corporate social responsibility disclosure (CSRD) and examine the impact of corporate governance characteristics (CG) to the extent of CSRD in Vietnam based on annual reports, sustainability reports, governance reports, and financial statements of 529 enterprises. Furthermore, the interviews with managers and experts were conducted to deeply understand the statistical results. The findings show that the level of CSRD of listed enterprises in Vietnam is low and a few features of CG have impact on the level of voluntary CSRD, not on mandatory CSRD. Moreover, the causes that the features of CG do not have impact on the level of CSRD were found out by interviewing the managers, financial experts, accountants, and auditors. Based on this result, the authors recommend some suggestions to promote the disclosure of corporate social responsibility.