Đo lường mức độ công bố thông tin phi tài chính của các doanh nghiệp niêm yết tại Sở Giao dịch chứng khoán Thành phố Hồ Chí Minh giai đoạn 2016 - 2020

Abstract

The objective of the study is to assess the level of nonfinancial information disclosure of listed companies at the Ho Chi Minh Stock Exchange (HOSE) in the period 2016-2020, 5-year period from the date that Circular No. 155/2015/TT-BTC on guidelines for information disclosure on securities market took effect. The study used the unweighted disclosure index method to score the level of nonfinancial information disclosure with 61 items based on circular 96/BTC (2020), the Vietnamese accounting standard system, and circular 200/BTC (2016). Besides, the study also used the method of content analysis to assess the level of detailed disclosure of information by counting the number of published words in an item. The paper has been conducted by randomly evaluating the annual reports for the period 2016 – 2020 of 120 listed companies on HOSE. Findings indicated that the extent of reporting on the nonfinancial information of enterprises in the sample has an average disclosure level of 61.65%, and on average published 911 words in the company’s annual report for the period 2016 - 2020. Through the findings, several implications were suggested to enhance the level of the nonfinancial information disclosure of firms listed on Ho Chi Minh stock exchange.