Suchergebnisse

AbstractThe purpose of this study is to examine the relationship between organizational performance (OP) in Vietnam and market competition (MC), enterprise risk management (ERM), management accounting system (MAS), and organizational innovation performance (OIP). We surveyed 397 individuals working in the company to elucidate the link between these variables. Data from the multiple factor survey were analyzed using PLS‐SEM software to illustrate the link between MC, MAS, ERM, OIP, and OP. The findings demonstrate a favorable association between direct and intermediary variables to OP, as predicted. Additionally, the intermediary factors have beneficial effects that help businesses in developing effective strategies in a competitive market, generating revenues, and achieving their objectives. The research results of the study show that, in a highly competitive market, organizational innovation efficiency is the top priority of organizations. To achieve this, companies must continuously adapt to the demands of the market.

Purpose
This study aims to examine the relationship between corporate social responsibility (CSR) and firm value (FV) with the moderating role of the organizational life cycle (OLC).


Design/methodology/approach
To fill the missing link of the CSR–FV relationship in the life cycle of the firms, this study divided the firm life cycle into five stages and tested the impact of FV on CSR in each phase. This study uses the ordinary least squares, generalized method of moments method with the dynamic panel data model of 225 Vietnamese listed companies for the period from 2014 to 2018.


Findings
This study's findings confirm the positive effect of CSR on FV. Besides, in most of the stages of the firm life cycle, FV positively affects CSR practices, and this effect is highest in the growth stage. In the decline phase, the relationship between FV and CSR is complex depending on the resources and ability of companies. This study's results are trusted through many robustness tests.


Research limitations/implications
This research does not include all financial, insurance and investment firms to measure the CSR–FV relationship with OLC as moderating role. Further research might conduct in the larger sample or using data in cross countries enhance the evidence for the given relationship.


Originality/value
This research contributes empirical evidence to the scientific literature on CSR, FV and OLC, which would be tremendously helpful for policymakers and business owners to enhance company efficiency.

AbstractThe study examined the relationship between organization life cycle (OLC) and financial reporting quality (FRQ) in the Vietnamese context with the mediating role of earnings management (EM). We used estimation OLS, fixed effects model, and other robustness tests to validate the results on a sample of 408 Vietnamese listed companies over the period 2010–2017. In addition, we compare the regression results with a recently established approach is, fuzzy‐set qualitative comparative analysis (fsQCA). The multiple regression analysis results suggest that firms with low profits or poor financial performance have low‐quality financial statements. On the other hand, when firms mature or have significant retained earnings, the quality of financial information improves and peaks. Besides, throughout the OLC, real earnings management behaviors are less likely to be used than accruals earnings management. Finally, because of the mediating effect of EM, the influence of OLC on FRQ is increased. The fsQCA findings indicate complex configurations between OLC, EM and other controls factors to the outcome of FRQ. This research contributes empirical evidence to the scientific literature on accounting and corporate governance. Next, the main contribution of our study is the examination of mediating role of EM on OLC‐FRQ association through both regression analysis and the fsQCA approach. Additionally, we conducted this study in Vietnam, where the legal framework in protecting the investors is still not complete; this will significantly contribute to the literature overview of OLC and FRQ.

AbstractThis paper investigates the roles that stock price crash risk and state ownership play in the relationship between CSR disclosure and cost of equity capital (COE). The research sample comprises 225 listed firms in Vietnam. We use GMM estimation technique and Sobel test to test the empirical hypotheses. To begin with, there is a complementary mediation effect of stock price crash risk in the relationship between CSR disclosure and COE. Notably, our study is the first empirical one to confirm that stock price crash risk serves as an intermediate in the above relationship. Second, state ownership strengthens the negative impact of CSR disclosure on COE significantly. The paper offers insight into how stock price crash risk and state ownership affect the merit of CSR disclosure towards firms' COE and how the lack of consideration of such factors could be the reason for the inconsistent findings in the previous studies.

AbstractThis research aims to investigate the relationship between the presence of females in the board of directors (BOD) and agency cost as well as firm performance with the mediating role of agency costs. We employ STATA to test feasible general least squares and generalized method of moments (GMM) on Vietnamese listed firms' data over 2015–2019. The results demonstrate that the presence of female directors is positively related to firm performance. The percentage of females has a positive relationship with agency cost, which has a negative impact on firm performance. The mediating role of the agency cost variable only reduces the positive impact of gender diversity in the BOD on firm performance, but this relationship is not reversed. The main contribution is the examination of the moderating role of state ownership and the mediating role of agency costs. Our study provides evidence about women's roles in different legal contexts, which might foster the formation of future legal frameworks.

AbstractThis research aims to explore the relationship between corporate governance (CG) and carbon disclosure (CD) and the moderating role of earnings management (EM) in this relationship. The model was built based on legitimacy theory, upper echelons theory, and agency theory. We employed a two‐step generalized method of moments (GMM) regression and conducted robust tests to reaffirm the results using panel data from 134 listed companies in the Vietnamese stock market from 2015 to 2022. Our findings indicate that larger board sizes, boards with more independent members or the presence of a CEO who concurrently serves as the chairman of the board can potentially decrease the likelihood of CD, while companies with a higher proportion of female board members or regular board meetings may tend to publish more carbon information. Furthermore, EM can moderate the relationship between CG and CD, and this variable exhibits high reliability in the model. This research adds to the vast body of existing knowledge about the effectiveness of CG by investigating how different dimensions of CG affect corporate CDs in Vietnam, especially, to the best of the authors' knowledge, this is the first research attempting to provide the empirical result of the moderating role of EM in the relationship between CG and corporate CDs.