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Title: Uncovering the drivers of environmental, social, and corporate governance reporting: evidence from Vietnam

Authors: Nguyen Thi Hong Thuy; To The Nguyen; Ho Bao Lam; Duong Thi Tra My; Nguyen Thi Phuong Anh

Addresses: VNU – University of Economics and Business, Hanoi, Vietnam ' VNU – University of Economics and Business, Hanoi, Vietnam ' VNU – University of Economics and Business, Hanoi, Vietnam ' VNU – University of Economics and Business, Hanoi, Vietnam ' VNU – University of Economics and Business, Hanoi, Vietnam

Abstract: The study examines the factors that determine environmental, social, and corporate governance (ESG) disclosure in listed firms in Vietnam, focusing on critical factors influencing the transparency. Using a newly developed dataset of Vietnamese firms from 2015 to 2022 and employing ordinary least squares and ordered logistic regression with various robustness checks, the study uncovers six key factors significantly affecting ESG disclosure: firm size, listed year, financial performance, audit firm, environmental certification, and foreign investment. The findings provide important scientific and managerial insights into ESG transparency, highlighting the role of incentives for firms, investors, and state authorities in promoting better ESG reporting practices and improving market transparency.

Keywords: environmental; social and corporate governance; ESG; disclosure; transparency; Vietnam; OLS; ordered logistic.

DOI: 10.1504/IJMFA.2026.152894

International Journal of Managerial and Financial Accounting, 2026 Vol.18 No.6, pp.1 - 19

Accepted: 07 Oct 2024
Published online: 14 Apr 2026 *