IMPACT OF INFORMATION ENVIRONMENT ON INVESTMENT EFFICIENCY AMONG VIETNAMESE LISTED FIRMS

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

IMPACT OF INFORMATION ENVIRONMENT ON INVESTMENT EFFICIENCY AMONG VIETNAMESE LISTED FIRMS

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

IMPACT OF INFORMATION ENVIRONMENT ON INVESTMENT EFFICIENCY AMONG VIETNAMESE LISTED FIRMS

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Polish Journal of Management Studies

ISSN

2081-7452

e-ISSN

—

Svazek periodika

29

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

20

Strana od-do

413-432

Kód UT WoS článku

001293879700022

EID výsledku v databázi Scopus

2-s2.0-85201604436