Impacts of Corporate Governance on Corporate Sustainability Disclosure in the Food and Beverage Industry Vietnamese listed firms.

Abstract

This study investigates how corporate governance factors impact corporate sustainability disclosure (CSD) within Vietnam's food and beverage industry. It crunches numbers from 2014 to 2022 for companies in this sector. Using regression analysis on panel data, the study examines variables like company size, financial leverage, regulations, board structure (including duality and independent board size), gender diversity in boards and CEO positions, and ownership (state and foreign). The findings reveal that larger firms, a supportive regulatory environment, and male board chairs lead to more CSD. Conversely, higher financial leverage and foreign ownership seem to hinder it. On the other hand, factors like board duality, CEO gender, and state ownership did not show significant impacts. This study enhances our understanding of CSD and offers practical insights into how corporate governance shapes disclosure practices. It emphasizes the importance of regulatory frameworks in driving CSD in Vietnamese firms, suggesting that relying solely on voluntary disclosure might not suffice to achieve desired outcomes.