Sustainable Corporate Ownership Structures and Earnings Management in the Vietnamese Stock Market
| Autor: | Daeheon Choi, Chune Young Chung, Young Eun Kim, Paul Moon Sub Choi, Ye Jun Kim |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Geography
Planning and Development corporate governance TJ807-830 Accounting Management Monitoring Policy and Law TD194-195 Renewable energy sources Shareholder Stock exchange 0502 economics and business Sustainability reporting GE1-350 Foreign ownership Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry Corporate governance 05 social sciences 050201 accounting Environmental sciences Earnings management sustainable corporate ownership structure Vietnamese market Corporate social responsibility Stock market business 050203 business & management earnings management |
| Zdroj: | Sustainability Volume 12 Issue 15 Sustainability, Vol 12, Iss 6089, p 6089 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12156089 |
| Popis: | We conducted an empirical analysis to verify the relationship between companies&rsquo ownership structures and earnings management. Our sample included 480 nonfinancial companies listed on Vietnam&rsquo s Ho Chi Minh Stock Exchange and Hanoi Stock Exchange from 2012 to 2017, and our explanatory variables included several ratios, such as the controlling shareholders&rsquo stake, management ownership stake, state-owned stake, and foreign ownership stake, which represent different ownership structures. We examined the effects of these ratios on earnings management. Our results suggested that earnings management has a significant linear relationship with the state-owned and foreign ownership stakes. Our results can enhance the understanding of the role of companies&rsquo sustainable ownership structures in limiting earnings management, and they can contribute to future studies of the relationship between earnings management and corporate social responsibility and sustainability reporting assurance practices that focus on corporate ownership structures. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|