Board characteristics and earnings management in listed companies of Vietnam's stock market

Abstract

This study examines the impact of the Board of directors, firm size, financial leverage and return on assets (ROA) on Accrual-based Earnings Management (QTLN). The results show that Board size, the proportion of Board financial expertise, and the proportion of female members of the Board have a significant positive correlation with abnormal Discretionary Accruals (DA-representative of the behavior of Earnings Management). Firm size, financial leverage and ROA are significant negative correlated with DA. In addition, the study results also indicate that CEO duality (Chairman and CEO), the proportion of independent board members and the number of Board meetings are not significant towards Accrual-based Earnings Management. This study was carried out based on the data of Financial Statements, Annual Reports and ManagementReports of 430 non-financial listed companies of Viet Nam‘s stock market, during the period 2010-2015.

Keywords

• quản trị lợi nhuận
• đặc điểm hội đồng quản trị
• dồn tích bất thường