Title: Digital transformation towards accounting systems and financial transparency in arts sector in Vietnam
Authors: Quan Nguyen Van, Huong Nguyen Tran Mai
Volume: 10
Issue: 2
Pages: 54-64
Publication Date: 2026/02/28
Abstract:
Digital transformation is increasingly reshaping accounting systems and governance structures, yet its implications for financial transparency remain underexplored in the arts sector, particularly in emerging economies. Drawing on agency theory, this study examines the relationships among digital transformation, accounting governance practices, and financial transparency in the Vietnamese arts sector. Using survey data collected from 309 arts organizations and analyzed through Partial Least Squares Structural Equation Modeling (PLS-SEM), the findings reveal that digital transformation has a positive and significant effect on accounting governance practices and financial transparency. Accounting governance practices, in turn, exert a strong positive influence on financial transparency and partially mediate the relationship between digital transformation and financial transparency. In addition, organizational type significantly affects financial transparency, highlighting institutional heterogeneity within the arts sector. One-way ANOVA results further confirm significant differences in financial transparency across organizational types. Overall, the study demonstrates that the transparency-enhancing effects of digital transformation are contingent upon robust accounting governance mechanisms and organizational context. These findings contribute to the literature by extending agency theory to digital accounting transformation and providing empirical evidence from an underexplored sector in an emerging economy. The study also offers practical insights for policymakers and arts managers seeking to strengthen accounting governance and financial transparency through digital transformation initiatives.