The Effect of Stakeholder Pressure on Environmental Audit Quality: The Moderating Role of Sustainability-Oriented Organizational Culture in Firms Listed on the Hanoi Stock Exchange

Pham Huy Hung

doi:10.56201/jafm.vol.12.no10.2026.p92.101

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The Effect of Stakeholder Pressure on Environmental Audit Quality: The Moderating Role of Sustainability-Oriented Organizational Culture in Firms Listed on the Hanoi Stock Exchange

Pham Huy Hung

Abstract

Amid growing pressure from stakeholders on Vietnamese listed firms to disclose environmental information, and as firms listed on the Hanoi Stock Exchange enter a critical phase of market restructuring, this study aims to clarify the mechanism through which stakeholder pressure affects environmental audit quality, while elucidating the moderating role of sustainability- oriented organizational culture in this relationship. Using a desk-research method that synthesizes, analyzes, evaluates and compares domestic and international secondary literature, the study develops an analytical framework integrating stakeholder theory and institutional theory. The synthesized results show that coercive pressure from state regulatory agencies currently dominates the environmental disclosure behavior of this group of firms, while market-based pressure from investors and customers remains relatively weak; sustainability-oriented organizational culture is found to amplify the effect of stakeholder pressure, although the degree of moderation is uneven, being more limited for administrative pressure than for market-based pressure. On this basis, the study contributes an integrated theoretical framework and proposes practical implications for regulators, listed firms and auditors during the restructuring of Vietnam's stock market.

Keywords

stakeholder pressure; environmental audit quality; sustainability-oriented organizational culture; institutional theory.

References

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The Effect of Stakeholder Pressure on Environmental Audit Quality: The Moderating Role of Sustainability-Oriented Organizational Culture in Firms Listed on the Hanoi Stock Exchange

Abstract

Keywords

References

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