Title: Factors influencing the application of fair value of Vietnamese enterprises: an extension study of the theory of planned behaviour

Authors: Nguyen Ngoc Lan; Vu Thi Kim Anh; Nguyen Thi Thanh Phuong

Addresses: Faculty of Accounting, University of Economics – Technology for Industries, 456 Minh Khai Road, Hai Ba Trung District, Hanoi Capital, 100000, Vietnam ' Faculty of Accounting, Trade Union University, 169 Tay Son Road, Dong Da District, Hanoi Capital, 100000, Vietnam ' Faculty of Accounting-Auditing, Thuongmai University, 79 Ho Tung Mau Street, Cau Giay District, Hanoi Capital, 100000, Vietnam

Abstract: This study is based on theory of planned behaviour to understand how the factors of awareness of businesses influence support applying fair value (FV) in Vietnamese businesses. Based on the data collected from 558 managements and accountants, we performed the data analysis process. The methods of descriptive statistics, Cronbach's alpha, exploratory factor analysis to find the convergence of observed forming new factors and correlation analysis with binary logistic regression model were used in this study. The article result shows that: the factor of 'awareness of challenges in business environment and legal environment' has the greatest influence and negative effects on support applying FV in accounting at Vietnamese businesses whereas the factor of 'awareness of the benefits of improving financial statement quality' has the second influence and positive effects on this issue. On the basis of research results, we will propose some recommendations for promoting the application of FV in Vietnam.

Keywords: behaviour awareness; fair value; support; Vietnam.

DOI: 10.1504/AAJFA.2021.113556

Afro-Asian Journal of Finance and Accounting, 2021 Vol.11 No.2, pp.237 - 265

Received: 20 Jul 2019
Accepted: 13 Jan 2020
Published online: 11 Mar 2021 *

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