Ho Chi Minh City
Ho Chi Minh City | ||
Social Responsibility | Social Responsibility | |
Stock market | Stock market | |
IUCN | International Union for Conservation of Nature and Natural Resources | Union for Conservation of Nature and Natural Resources International |
WBCSD | The World Business Council for Sustainable Development | World Business Council wallet for sustainable development |
WCED | The World Commission on Environment and Development | Environment and Development Commission World Development |
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LIST OF USAGE TABLES
Table 1.1 Overview of studies on PTBV reporting related to accounting 21
Table 1.2 Overview of studies on factors affecting PTBV reporting using secondary data 42
Table 2.1 Comprehensive sustainability accounting content 61
Table 3.1 Summary of hypotheses in the official research model 94
Table 3.2 Scale of measuring enterprise size 96
Table 3.3 Growth opportunity measurement scale 97
Table 3.4 Scale for measuring business characteristics 98
Table 3.5 Scale for measuring managers' viewpoint characteristics 99
Table 3.6 Legal regulation measurement scale 100
Table 3.7 Profitability Measurement Scale 101
Table 3.8 Sustainability reporting disclosure scale 102
Table 3.9 Cronbach's alpha results for business size 104
Table 3.10 Cronbach's alpha results for growth opportunities 104
Table 3.11 Cronbach's alpha results for industry characteristics 105
Table 3.12 Cronbach's alpha results for managers' perspectives 105
Table 3.13 Cronbach's alpha results for legal regulations 106
Table 3.14 Cronbach's alpha results for profitability 106
Table 3.15 Cronbach's alpha results for 107
Table 3.16 Results of exploratory factor analysis EFA – Preliminary study 108
Table 3.17 Measures of goodness of fit 113
Table 4.1 Frequency statistics of characteristics of the research sample 118
Table 4.2 Frequency analysis for business size 119
Table 4.3 Frequency analysis for growth opportunities 119
Table 4.4 Frequency analysis for legal provisions 120
Table 4.5 Frequency analysis for managers' views 120
Table 4.6 Frequency analysis for business industry characteristics 121
Table 4.7 Frequency analysis for profitability 121
Table 4.8 Frequency analysis for sustainability reporting 122
Table 4.9 Cronbach's alpha results for firm size 123
Table 4.10 Cronbach's alpha results for Growth Opportunities 123
Table 4.11 Cronbach's alpha results for Managers' Viewpoints 124
Table 4.12 Cronbach's alpha results for Legal Regulation 124
Table 4.13 Cronbach's alpha results for Industry characteristics 125
Table 4.14 Cronbach's alpha results for Profitability 125
Table 4.15 Cronbach's alpha results for sustainability reporting disclosure 126
Table 4.16 Results of exploratory factor analysis EFA 127
Table 4.17 Results of testing composite reliability and variance of research concepts128 Table 4.18 Results of testing discriminant validity 130
Table 4.19 Results of testing research hypotheses 134
Table 4.20 Impact level of factors on KNSL 134
Table 4.21 Impact level of factors on CBTT 134
Table 4.22 The role of the mediating variable Profitability on the relationship between influencing factors and CBTT PTBV 136
Table 4.23 Bootstrap test results 139
Table 4.24 Impact level of factors on KNSL 139
Table 4.25 Impact level of factors on CBTT 140
LIST OF DIAGRAM AND FIGURES USED
Figure 2.1 Components of an accounting framework for sustainable development 60
Figure 2.2 Proposed research model 74
Figure 3.1 Research process 86
Figure 3.2 Official research model 95
Figure 4.1 Standardized CFA results 129
Figure 4.2 Calibrated research model 131
Figure 4.3 Schematic diagram of theoretical testing according to SEM structure 133
Figure 4.4 Bootstrap test results 138
SUMMARY
Title: Factors affecting the publication of sustainable development reports at petroleum trading companies under the Vietnam National Petroleum Group.
Summary:
The publication of PTBV reports has been studied and evaluated by many organizations and individuals as very urgent in the current economic climate, especially for enterprises operating in the petroleum sector. Therefore, the author finds it extremely necessary to study issues related to the publication of PTBV reports. The objective of the thesis is to identify factors affecting the publication of PTBV reports at petroleum trading companies belonging to the Vietnam Petroleum Group based on the perceptions of managers. The author uses a mixed research method to build and verify the theoretical model; test the hypotheses introduced in the previous chapter through the use of SPSS 22 and AMOS 20 data software. With a sample size of 265 including senior managers at the companies. The results show that most of the hypotheses are accepted. The factors of enterprise size, growth opportunities, legal regulations, business characteristics and profitability all have a positive impact on the publication of PTBV reports. In addition, the thesis also shows that the manager's viewpoint factor does not affect the publication of PTBV at companies belonging to the Vietnam National Petroleum Group. In addition, the author finds that the above factors all affect the publication of PTBV reports through the profitability factor. The thesis will be a theoretical reference channel for learners, in addition, this is a reference channel for companies belonging to the Vietnam National Petroleum Group, state management agencies to issue appropriate policies to further increase the publication of PTBV reports at these enterprises.
Keywords: Sustainable development report, publication of sustainable development report, Vietnam National Petroleum Group
ABSTRACT
Title: factors affecting announcement of sustainable development report in oil and gas trading company under Vietnam national petroleum group
Abstract:
The publication of sustainable development reports has been studied and evaluated urgently by many organizations and individuals in the current economic era, especially those doing business in the petroleum sector. Therefore, the author found that it is very necessary to learn about issues related to the publication of sustainable development reports. The objective of the thesis is to identify the factors affecting the publication of sustainable development reports at petroleum trading companies under the Vietnam National Petroleum Group based on the perceptions of managers. The author uses mixed research methods to build and test theoretical model; Test hypotheses introduced in the previous chapter using data software SPSS 22 and AMOS 20. With a sample size of 265 including senior managers at companies. The results show that most of the hypotheses are accepted. Factors of enterprise size, growth opportunities, legal regulations, business characteristics and profitability all influence in the direction of publishing sustainable development reports. Besides, the thesis also shows that the factor of the manager's point of view does not affect the sustainable development announcement in the companies of the Vietnam petroleum group. In addition, the author finds that the above factors all affect the publication of sustainable development reports through profitability factors. The thesis will be a theoretical reference channel for learners. In addition, this is a reference channel for companies under the Vietnam petroleum corporation, state management agencies make appropriate policies to participate, further increase in the publication of sustainable development reports in these enterprises.
Keywords: Sustainable development report, publication of a sustainable development report, Vietnam National Petroleum Group
INTRODUCTION
1. Reason for choosing the topic
Sustainability reporting (SDR) is increasingly being published by corporations and businesses around the world in response to the need for more information from stakeholders, in order to be more transparent about environmental and social issues. A diverse set of stakeholders (employees, customers, suppliers, creditors, social advocacy groups, public authorities) pursuing different economic, environmental and social interests determine the success of an organization (Buchholz and Rosenthal, 2005; Laplume et al., 2008). An important tool through which organizations attempt to meet these needs is SDR reporting. By disclosing information related to sustainability, companies aim to increase transparency, enhance brand value, reputation and legitimacy, relative to competitors, signal competitiveness, motivate employees and support corporate information and control processes (Herzig and Schaltegger, 2006). Furthermore, sustainability reporting is increasingly recognized as an important factor contributing to corporate sustainability (Lozano and Huisingh, 2011). It is therefore not surprising that this topic has received increasing attention in the business and academic world.
Over the past two decades, the concept of sustainability or sustainable development has received much attention globally, especially in developed countries. There have been many efforts to provide a more precise concept of sustainability in the rapidly changing global economy as it is today. A definition given by IISD (1992): “Through business strategies and activities that meet the needs of enterprises and their stakeholders at the present time, while protecting, maintaining and enhancing the human and natural resources needed in the future”. Székely and Knirsch (2005) define sustainability for corporations as sustainable and expanding economic growth, shareholder value, corporate reputation, customer relationships and increasing quality of products and services. PTBV also means pursuing ethical business practices, creating sustainable jobs, and building value for all of a company's stakeholders. According to Van
Marrewijk (2003) gives the following definition, sustainable development includes social and environmental concerns in business operations and interactions with stakeholders. Although definitions are expressed differently based on different perspectives, there is a general consensus that in order to assess what a company is doing towards its own sustainable development, it needs to be measured (Ozdemir et al., 2011). Stakeholders are increasingly demanding more disclosure of information not only about economic performance but also about the practices of that company that affect the environment and society (Waddock, 2003).
For large-scale economic groups and enterprises in Vietnam, international accounting in general and accounting for sustainable development in particular is still a relatively new field, as evidenced by statistics, by 2019, only 45 Vietnamese enterprises had published sustainable development reports based on GRI standards (Tauringana, 2020). Vietnam National Petroleum Group is an enterprise with many member units operating in the petroleum business with about 60 member companies. The scope of the Group's operations is widespread, throughout the country, almost every province and city has member companies of the Group, in addition to joint ventures with other countries. The impact of petroleum business on the environment is very large, but the control of issues such as emissions, air pollution, water pollution, etc. is still inadequate. The effects caused by petroleum trading companies when selling these products to consumers increase the amount of toxic emissions in the air, leading to a decrease in air quality, causing respiratory diseases for people. The consequences of using too much petroleum are also the main cause of global warming, climate change, etc. Up to now, petroleum trading companies under the Vietnam Petroleum Group have not announced the effects of petroleum use on the whole society and are almost indifferent to these dangers to the environment. The petroleum trading sector is one of the sectors that is considered "sensitive", greatly affecting many aspects of the economy. The fact that petroleum stations operate in residential areas also causes pollution from petroleum fumes, which can be very harmful to the health of people around them because of their nature.