The Impact of Going Concerns on the Financial Reporting Quality of Listed Firms on the Vietnam Stock Market
Main Article Content
Abstract
The investigation was conducted to contribute empirical evidence of the association between going concerns and the financial reporting quality of listed firms on the Vietnam stock market. Based on the data of 279 companies listed on the HNX and HOSE exchanges in Vietnam in the 2009-2015 period, through quantitative research, that the relationship between the going concerns and the financial reporting quality of the listed firms was found. The research results are significant for investors, regulators for the transparency of financial reporting information.
Keywords:
going concern, financial reporting quality, listed firms
References
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[4] Charitou, A., Lambertides, N., & Trigeorgis, L., “Earnings behaviour of financially distressed firms: The role of institutional ownership”, Abacus, 43(2007) 3, 271-296.
[5] Chen, Y., Chen, C., & Huang, S., “An appraisal of financially distressed companies’ earnings management: Evidence from listed companies in China”, Pacific Accounting Review, 22 (2010)
1, 22-41.
[6] Dechow, P., & Dichev, I., “The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors”, The Accounting Review,
77 (2002), 35-59.
[7] DeFond, M., & Jiambalvo, J., “Debt covenant violation and manipulation of accruals”, Journal of Accounting and Economics, 17 (1994) 1,
145-176.
[8] DeFond, M. L., & Park, C. W., “Smoothing income in anticipation of future earnings”, Journal of Accounting and Economics, 23 (1997) 2,
115-139.
[9] Dichev, I., & Skinner, D., “Large sample evidence on the debt covenant hypothesis”, Journal of Accounting Research, 40 (2004) 4, 1091-1123.
[10] Đinh Thị Thu T., Nguyễn Vĩnh K., “Tác động của hành vi điều chỉnh thu nhập đến KNHĐLT trong kế toán: Nghiên cứu thực nghiệm cho các doanh nghiệp niêm yết tại Việt Nam”, Tạp chí Phát triển Khoa học và Công nghệ, Quý 3 (2016), 96-108.
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[12] Habib, A., Uddin Bhuiyan, B., & Islam, A., “Financial distress, earnings management and market pricing of accruals during the global financial crisis”, Managerial Finance, 39 (2013) 2,
155-180.
[13] Jaggi, B., & Lee, P., “Earnings management response to debt covenant violations and debt restructuring”, Journal of Accounting, Auditing & Finance, 17 (2002) 4, 295-324.
[14] Kasznik, R., “On the association between voluntary disclosure and earnings management”, Journal of accounting research, 37 (1999) 1,
57-81.
[15] Lu, J., “An empirical study of earnings management by loss-making listed Chinese companies”, KuaijiYanjiu (Accounting Research), 9 (1999), 25-35.
[16] McNichols, M. F. & Stubben, S. R., “Does earnings management affect firms’ investment decisions?”, The Accounting Review, 83 (2008) 6, 1571-1603.
[17] Selahudin, N. F., Zakaria, N. B., & Sanusi, Z. M., “Remodelling the earnings management with the appearance of leverage, financial distress and free cash flow: Malaysia and Thailand evidences”, Journal of Applied Sciences, 14 (2014) 21,
2644-2661.
[18] Skinner, D. J., & Sloan, R., “Earnings surprises, growth expectations, and stock returns or don’t let an earnings torpedo sink your portfolio”, Review of Accounting Studies, 7 (2002) 2/3, 289-312.
[19] Sweeney, A. P., “Debt-covenant violations and managers’ accounting responses”, Journal of Accounting & Economics, 17 (1994) 3, 281-308.
[20] Trần Thị Thùy Linh, Mai Hoàng Hạnh, “Chất lượng BCTC và kỳ hạn nợ ảnh hưởng đến hiệu quả hoạt động của doanh nghiệp Việt Nam”, Tạp chí Phát triển Kinh tế, 10 (2015), 27-50.
[21] Trương Thị Thùy Dương, “Nâng cao chất lượng BCTC công ty đại chúng”, Tạp chí Tài chính, 1 (2017) 3, 55-56.
[22] Uwuigbe, Ranti, Bernard, “Assessment of the effects of firm’s characteristics on earnings management of listed firms in Nigeria”, Asian Economic and Financial Review, 5 (2015) 2,
218-228.