Firm life cycle and earnings management: The moderating role of state ownership

被引：15
|
作者：
Nguyen Vinh Khuong [1 ,2 ]
Le Huu Tuan Anh [1 ,2 ]
Nguyen Thi Hong Van [2 ,3 ]
机构：
[1] Univ Econ & Law, Fac Accounting & Auditing, Ho Chi Minh City, Vietnam
[2] Vietnam Natl Univ, Ho Chi Minh City, Vietnam
[3] Univ Econ & Law, Inst Dev & Res Banking Technol, Ho Chi Minh City, Vietnam
来源：
COGENT ECONOMICS & FINANCE | 2022年 / 10卷 / 01期
关键词：
Accrual earnings management; life cycle; moderation effect; eeal earnings management; state ownership; CORPORATE SOCIAL-RESPONSIBILITY; RISK-TAKING; CASH FLOWS; PERFORMANCE; GOVERNANCE; FINANCE; MODELS;
D O I：
10.1080/23322039.2022.2085260
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study examined the relationship between firm life cycle (FLC) and earnings management (EM) in the Vietnamese context with the moderating role of state ownership (SOE). We used the sample of 622 Vietnamese listed companies over the period 2010-2019. To eliminate autocorrelation and heteroscedasticity violations, we utilized FE Robust on all models. The data show that accrual earnings management (AEM) behavior varies between FLC phases. The results revealed a U-shaped pattern, with discretionary accruals (DAs) being more remarkable in the introduction and decline stages and lower in the remaining stages. The findings on the connection between FLC and real earnings management (REM) varied depending on the REM technique used. The results support the involvement of SOE as a moderator in both the FLC-REM and the FLC-EM relationship. This study significantly contributed to the existing literature about FLC and EM behavior.
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页数：28
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