Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam

<p>The purpose of this study was to develop a draft standard model of corporate social reporting, which ensures the disclosure of risks in the activities of oil and gas companies, considering the interests of various groups of stakeholders. The current study covered a retrospective of many stu...

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Autores principales:	Nataliya A. Kazakova, Thi L. Doan
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/e6058c8072f44628b7b52cd897085d90
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spelling	oai:doaj.org-article:e6058c8072f44628b7b52cd897085d902021-11-12T07:27:31ZModel on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam2146-4553https://doaj.org/article/e6058c8072f44628b7b52cd897085d902021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11781https://doaj.org/toc/2146-4553<p>The purpose of this study was to develop a draft standard model of corporate social reporting, which ensures the disclosure of risks in the activities of oil and gas companies, considering the interests of various groups of stakeholders. The current study covered a retrospective of many studies conducted by international and public organizations for the period from 2015 to 2020, which made it possible to identify issues and trends in disclosure, the relevance of the information for stakeholders, and prospects for standardizing approaches. Taking these results into account, the study developed an approach that considers the level of influence and interests of different stakeholders, based on the proven postulates that shareholders and investors have the greatest influence and interests in the company; state and local authorities have the strongest influence on the company but have low interests in its business activities; residents and society have high interests, but the least impact on the company. The finding of this study is a developed risk-oriented model for disclosing sustainable development indicators in corporate reporting of the oil and gas industry which is proposed for further adaptation and implementation at Petrolimex in Vietnam.</p><p><strong>Keywords: </strong>corporate reporting, stakeholder interests, risk, oil and gas company, sustainable development</p><p><strong>JEL Classification: </strong>M41</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11781">https://doi.org/10.32479/ijeep.11781</a></p>Nataliya A. KazakovaThi L. DoanEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 206-211 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Nataliya A. Kazakova Thi L. Doan Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
description	<p>The purpose of this study was to develop a draft standard model of corporate social reporting, which ensures the disclosure of risks in the activities of oil and gas companies, considering the interests of various groups of stakeholders. The current study covered a retrospective of many studies conducted by international and public organizations for the period from 2015 to 2020, which made it possible to identify issues and trends in disclosure, the relevance of the information for stakeholders, and prospects for standardizing approaches. Taking these results into account, the study developed an approach that considers the level of influence and interests of different stakeholders, based on the proven postulates that shareholders and investors have the greatest influence and interests in the company; state and local authorities have the strongest influence on the company but have low interests in its business activities; residents and society have high interests, but the least impact on the company. The finding of this study is a developed risk-oriented model for disclosing sustainable development indicators in corporate reporting of the oil and gas industry which is proposed for further adaptation and implementation at Petrolimex in Vietnam.</p><p><strong>Keywords: </strong>corporate reporting, stakeholder interests, risk, oil and gas company, sustainable development</p><p><strong>JEL Classification: </strong>M41</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11781">https://doi.org/10.32479/ijeep.11781</a></p>
format	article
author	Nataliya A. Kazakova Thi L. Doan
author_facet	Nataliya A. Kazakova Thi L. Doan
author_sort	Nataliya A. Kazakova
title	Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
title_short	Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
title_full	Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
title_fullStr	Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
title_full_unstemmed	Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam
title_sort	model on stakeholder risks disclosure in corporate reporting for oil and gas companies in the republic of vietnam
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/e6058c8072f44628b7b52cd897085d90
work_keys_str_mv	AT nataliyaakazakova modelonstakeholderrisksdisclosureincorporatereportingforoilandgascompaniesintherepublicofvietnam AT thildoan modelonstakeholderrisksdisclosureincorporatereportingforoilandgascompaniesintherepublicofvietnam
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Model on Stakeholder Risks Disclosure in Corporate Reporting for Oil and Gas Companies in the Republic of Vietnam

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