Earnings Manipulation Benchmark for Nonfinancial Listed Companies in Vietnamese Stock Market

Accounting & Taxation, v. 10 (1) p. 39-49, 2018

11 Pages Posted: 11 Mar 2019

See all articles by Anh Huu Nguyen

Anh Huu Nguyen

(NEU) National Economics University of Vietnam

Ha Linh Nguyen

(NEU) National Economics University of Vietnam

Sung Wook Yoon

California State University, Northridge

Date Written: 2018

Abstract

The paper examines earnings management detection using the Beneish M-score benchmark model on a sample of 468 non-financial Vietnamese companies listed on the Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) during 2013-2014. The results show that 40 % of non-financial Vietnamese-listed companies were involved in earnings management, and the sampled observations do fit the Beneish M-score model. This study suggests that the M-score model is a useful technique to use to detect the earnings manipulation behaviors of companies in Vietnam. The M-score model is also a reliable tool for investors to make when making decisions and verifying the reliability of accounting information found in financial reports.

Keywords: Earnings Management, Detecting, M-Score Model, Non-Financial Vietnamese Listed Companies

JEL Classification: M41, G32

Suggested Citation

Nguyen, Anh Huu and Nguyen, Ha Linh and Yoon, Sung Wook, Earnings Manipulation Benchmark for Nonfinancial Listed Companies in Vietnamese Stock Market (2018). Accounting & Taxation, v. 10 (1) p. 39-49, 2018, Available at SSRN: https://ssrn.com/abstract=3203061

Anh Huu Nguyen (Contact Author)

(NEU) National Economics University of Vietnam

207 Giai phong Road
Hai Ba Trung District
Hanoi, Hanoi 10000
Vietnam

Ha Linh Nguyen

(NEU) National Economics University of Vietnam

207 Giai phong Road
Hai Ba Trung District
Hanoi, Hanoi 10000
Vietnam

Sung Wook Yoon

California State University, Northridge ( email )

David Nazarian College of Business & Economics
18111 Nordhoff Street
Northridge, CA 91330
United States
818-677-2428 (Phone)

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