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
Date Written: 2018
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: Suggested Citation