How board diversity shapes corporate disclosure under varying institutional quality: The case of an emerging economy.
取締役会の多様性が制度的質の変動下で企業開示をどのように形成するか：新興経済国の事例 (AI 翻訳)
Thanh Nguyen Minh, Linh Ba Nguyen, Tien Thuy Thi Le, Van Luong Ngo, Thi Phuong Lan Vu
🤖 gxceed AI 要約
日本語
ベトナムの非金融上場企業152社の2014～2023年のパネルデータを用い、取締役会の多様性がESG開示を含む企業開示の質に与える影響を分析。多様性は弱い制度環境では開示の質に負の影響を与えるが、制度的質（PCI）が高いと正の効果を発揮することを示した。
English
Using panel data from 152 non-financial listed firms in Vietnam (2014-2023), this study analyzes how board diversity affects corporate disclosure quality, including ESG disclosure. Results show that diversity negatively impacts disclosure in weak institutional environments, but institutional quality (PCI) mitigates this effect and enables positive contributions.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ベトナムの事例ではあるが、日本のような制度整備が進んだ国でも取締役会の多様性と開示の関係は重要。特にSSBJ対応において、多様な取締役会が開示の質に与える影響は日本の政策担当者にも示唆を与える。
In the global GX context
While focused on Vietnam, the study highlights the context-dependent role of board diversity on ESG disclosure. For global audiences, it reinforces the importance of institutional quality in shaping governance outcomes, relevant for emerging markets and for understanding the limits of diversity in weak institutional settings.
👥 読者別の含意
🔬研究者:Provides evidence from an emerging economy on the moderating role of institutional quality on board diversity-disclosure nexus.
🏢実務担当者:Highlights that board diversity may not always improve disclosure in weak institutional environments; companies should consider institutional context.
🏛政策担当者:Suggests that improving institutional quality can enable diverse boards to enhance disclosure transparency.
📄 Abstract（原文）
This study examines how board diversity influences corporate disclosure quality in an emerging transitional economy, with a particular focus on the moderating role of institutional quality. Using panel data from 152 non-financial listed firms in Vietnam over the period 2014–2023, we employ a random-effects logistic regression model to analyze the effects of relation-oriented, task-oriented, and overall board diversity on corporate governance, financial risk, and environmental, social, and governance (ESG) disclosure. The results reveal that board diversity is negatively associated with disclosure quality, particularly in corporate governance and ESG dimensions, suggesting that diversity may hinder coordination and decision-making in weak institutional environments. However, institutional quality, measured by the Provincial Competitiveness Index (PCI), significantly mitigates these negative effects and enables diverse boards to contribute positively to disclosure practices. These findings highlight the context-dependent nature of board diversity and underscore the importance of institutional conditions in shaping governance outcomes (Klapper & Love, 2004; Labkir et al., 2026). The study contributes to the literature by providing new evidence from Vietnam and offers policy implications for improving board effectiveness and disclosure transparency in emerging markets.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://virtusinterpress.org/spip.php?action=telecharger&arg=15052&hash=da9a0c9ff8a9ff73fe49a0741e04e04bcff6a02efirst seen 2026-07-18 07:55:32
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