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.
Thuy et al. (Thu,) studied this question.