| dc.description.abstract | This paper scrutinizes the implications of Earnings Management on the Bankruptcy
Risk faced by publicly traded Vietnamese companies from 2016-2020. The researchers
adopt a quantitative method for this study, utilizing panel data analysis to closely
examine 1,170 observations collected over the years from non-financial entities listed
on the Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX). This
thorough analysis provides a robust insight into the Vietnamese business ecosystem.
One of the central revelations of the study is the identification of a negative correlation
between discretionary accruals and Altman's Z score, implying that increased instances
of earnings management result in a corresponding decrease in Altman's Z score, thus
pointing towards an elevated risk of bankruptcy. This research underscores the
significance of ethical and transparent earnings management, providing valuable
insights into the financial dynamics of Vietnamese-listed companies between 2016 and
2020. | en_US |
