| 摘要: | This study examines the effect of ownership structure and board characteristics on earnings management for Vietnamese listed firms during the period 2010-2014. Earnings management is measured by the absolute value of discretionary accruals that are estimated from the Modified Jones Model. Four types of ownership are investigated including state ownership, managerial ownership, foreign ownership and blockholder ownership. The board characteristics examined are board independence, board size, CEO duality, financial expertise and board meetings. The multiple linear regression is used in this study to test the hypotheses. After controlling for firm size, leverage and performance, we found that earnings management is negatively related to state ownership, managerial ownership and foreign ownership. The findings of this study reveals that the positive relationship between the presence of CEO duality and the level of earnings management. Also, examination of the data shows that board meetings frequency is associated with a lower likelihood of earnings management. |
