Ownership Structure And Real Earnings Management - Evidence From Industrial Listed Firms In Vietnam

Abstract

The thesis focuses on examining the association between ownership structure and real earnings management. To further define actual activities management, theory, and empirical findings from numerous earlier studies are evaluated. With a sample of Vietnamese industrial listed companies from 2017 to 2021 on HOSE and HNX, my thesis aims to clarify the REM by applying the Roychowdhury (2006) model and running the OLS testing to conduct the testing. My final findings show managerial ownership negatively affects REM when REM is calculated as residuals of discretionary expenses, except for CFO and production costs. Otherwise, the findings indicate that state ownership has a positive relationship with REM when REM is calculated as residuals of discretionary expenses. However, state ownership has no impact when REM is calculated as residuals of production costs and CFO.