Debt, earnings management, and financial constraints: A case study conducted in Vietnam

被引：1

作者：

Vu Thi Thuy Van ^{[1
]}

Dang Ngoc Hung ^{[2
]}

机构：

[1] Natl Econ Univ, Hanoi, Vietnam

[2] Hanoi Univ Ind, Hanoi, Vietnam

来源：

QUALITY-ACCESS TO SUCCESS | 2022年 / 23卷 / 186期

关键词：

Earnings management; Financial constraints; Short-term debt; Long-term debt; Regression decomposition; COVENANT VIOLATIONS; IMPACT; LEVERAGE; REAL; FIRM; PERFORMANCE; INVESTMENT; BOARD;

D O I：

10.47750/QAS/23.186.27

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

The paper examined the impact of Earnings Management (EM) in Vietnam, the impact of the debt structure, including short-term and long-term debt on EM, and how debt structure relationships affect EM in the presence and absence of financial constraints. The study adopted OLS regression, Quantile Regression, and Regression decomposition. Researching data were obtained from listed companies on the stock market in Vietnam from 2008 to 2019, with 5263 observations. The findings have found that short-term and long-term debt positively impacted EM, while long-term debt was inversely proportional to EM. Besides, there is no heterogeneity among quantile levels. In addition, it showed that debt only had an impact on EM when the firm had no financial constraints.

引用

页码：203 / 213

页数：11

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