The influence of overseas study and work experience on corporate environmental disclosures: evidence from Vietnam
ISSN: 2049-372X
Article publication date: 10 October 2021
Issue publication date: 26 May 2022
Abstract
Purpose
Drawing from Upper-Echelons Theory (UET), this paper aims to examine whether an increasing number of board members studying and working overseas, especially in Anglo countries, provides some impetus for increased corporate environmental disclosures (CED) in Vietnam.
Design/methodology/approach
This study used quantitative data collection and analysis. The data collection involved a content analysis of annual, sustainability and integrated reports to capture the quality and quantity of CED. The authors subsequently developed ordered probit models to quantitatively test the hypotheses.
Findings
The authors find that board members studying in Anglo countries positively impact firms’ levels of CED in emerging economies. However, overseas work experience is found to be an insignificant explanatory variable. Further, the findings suggest that, in Vietnam, Chairs appear to be more influential than chief executive officers in affecting CED levels.
Practical implications
Despite the positive influence of overseas study, the authors find overall levels of CED in Vietnam remain relatively low. This suggests the necessity of dialogue about potential reform in CED policies, which could involve the introduction of mandatory reporting requirements. In addition, to enhance sustainability disclosures, shareholders should appoint board members who possess international qualifications.
Originality/value
This study adds to the literature exploring the impacts of Anglo cultural traits of board members on CED levels, within an economy transitioning from a communist ideology to a market-oriented system context. The connection between international study and cultural norms, beliefs and traditions in these countries and their positive influence on directors’ values and attitudes towards CED have not yet been studied. The study also extends UET by examining the potential positive influence of different national contexts on board members’ education levels.
Keywords
Acknowledgements
The authors thank Professor John Dumay, Department of Accounting & Corporate Governance, Macquarie University, Australia for his comments on an earlier draft of the paper. The authors also offer sincere gratitude to the guest editor and anonymous reviewers of the journal for their constructive comments and feedback.
Citation
Le, H.N.M., O’Connell, B.T. and Safari, M. (2022), "The influence of overseas study and work experience on corporate environmental disclosures: evidence from Vietnam", Meditari Accountancy Research, Vol. 30 No. 3, pp. 524-561. https://doi.org/10.1108/MEDAR-11-2020-1109
Publisher
:Emerald Publishing Limited
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