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2019 | 12 | nr 4 | 299--312
Tytuł artykułu

The Effect of Financial Leverage on Real and Accrual-Based Earnings Management in Vietnamese Firms

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Our research examines the effect of leverage on the form and extent of earnings management in Vietnamese listed firms. We use panel data of 241 companies on Vietnam stock markets in the period from 2010 to 2016 (1687 firm-years) and conduct GMM regression. Four models are employed to estimate the level of discretional accruals and real earnings management. Our research finds a positive relationship between leverage and earnings management, which is consistent to "debt hypothesis". Furthermore, a preference for real earnings management over accrual-based earnings management is observed among highly leverage firms. The findings notice the substitution between these two forms of earnings management and reinforce full attention to both accrual-based earnings management and real activities manipulations rather than to separated earnings management strategy. (original abstract)
Rocznik
Tom
12
Numer
Strony
299--312
Opis fizyczny
Twórcy
  • University of Economics and Law, Ho Chi Minh City, Vietnam
  • Nguyen Tat Thanh University, Ho Chi Minh City, Vietnam
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
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