IMPACT OF INFORMATION ENVIRONMENT ON INVESTMENT EFFICIENCY AMONG VIETNAMESE LISTED FIRMS
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F24%3A63577658" target="_blank" >RIV/70883521:28120/24:63577658 - isvavai.cz</a>
Result on the web
<a href="https://pjms.zim.pcz.pl/article/546204/en" target="_blank" >https://pjms.zim.pcz.pl/article/546204/en</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.17512/pjms.2024.29.2.22" target="_blank" >10.17512/pjms.2024.29.2.22</a>
Alternative languages
Result language
angličtina
Original language name
IMPACT OF INFORMATION ENVIRONMENT ON INVESTMENT EFFICIENCY AMONG VIETNAMESE LISTED FIRMS
Original language description
This paper investigates the impact of the information environment on investment efficiency among listed firms in Vietnam. This purpose is accomplished by constructing a model according to Biddle et al. (2009) and regressing this model with a sample of 531 Vietnamese non-financial listed firms. The results show that both internal and external information environments improve investment efficiency. The positive impact of the information environment on investment efficiency is materialized by reducing over- and under-investment. As measured by financial reporting quality, the internal information environment enhances investment efficiency by providing timely access to valuable financial information and improving internal transparency. The external information environment proxied by the information transparency index benefits investment efficiency by mitigating information asymmetry, allowing firms to disclose relevant information and incorporate new developments into their business plans. These findings highlight the importance of fostering effective information environments to optimize investment decisions.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Polish Journal of Management Studies
ISSN
2081-7452
e-ISSN
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Volume of the periodical
29
Issue of the periodical within the volume
2
Country of publishing house
PL - POLAND
Number of pages
20
Pages from-to
413-432
UT code for WoS article
001293879700022
EID of the result in the Scopus database
2-s2.0-85201604436