Risk management disclosure by financial listed companies in Vietnam

Abstract

To the best of our knowledge, there have been no studies to assess the level of risk management disclosure (RMD) by listed companies in the financial sectorin Vietnam. This research evaluates the level of mandatory and discretionary disclosure of risk management in financial statements of Vietnamese financial listed firms. Using the content analysis method, this study has revealed that the level of information disclosure on risk management by those firms is relatively low. The regression analyses demonstrate that RMD level is affected by firm size, solvency, leverage and independent directors.