Issue: Số 26 - Tháng 12 - 2024Tài chính - Ngân hàng - Bảo hiểm
Corporate governance and its influence on financial risk disclosure
Published: July 29, 2026
Abstract
This study investigates the relationship between corporate governance factors and the extent of
financial risk disclosure among 30 companies listed on the Vietnamese stock market from 2015 to
2022. Utilizing regression models, including pooled OLS, fixed effects, and random effects, along
with diagnostic tests, the analysis reveals that external audit firms and firm size positively influence
financial risk disclosure. Conversely, factors such as board independence, CEO duality, the
presence of an audit committee, and return on assets exhibit a negative impact. Meanwhile, board
size and the frequency of board meetings show no significant effect. These findings provide
valuable insights into the determinants of financial risk disclosure within the context of Vietnam’s
evolving corporate governance landscape.
Keywords
corporate governancefinancial risk disclosure
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