Thai Hoang Nguyen , Lien Phuong Thi Vu , Anh Ngoc Mai , Tuyen Quang Tran
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引用次数: 0
Abstract
This study examines the effect of narrative disclosures on firm value, based on a sample of listed companies in Vietnam from 2012 to 2021. In contrast to prior research, which typically focuses on a single facet of narrative disclosures, this study explores multiple dimensions. The results indicate that firms with a more optimistic tone and forward-looking statements tend to achieve higher firm value. However, no significant relationship is observed between the complexity of disclosures and firm value. Various robustness checks validate the explanatory power of narrative disclosures, highlighting their role in enhancing firm value by positively influencing earnings per share and overall financial performance.
期刊介绍：
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.
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