EARNINGS MANIPULATION BENCHMARK FOR NONFINANCIAL LISTED COMPANIES IN VIETNAMESE STOCK MARKET

Nguyen Huu Anh, Nguyen Ha Linh and Sung Wook Yoon

Accounting & Taxation, 2018, vol. 10, issue 1, 39-49

Abstract: The paper examines earnings management detection using the Beneish M-score benchmark model on a sample of 468 non-financial Vietnamese companies listed on the Hochiminh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) during 2013-2014. The results show that 40 % of non-financial Vietnamese- listed companies were involved in earnings management, and the sampled observations do fit the Beneish M-score model. This study suggests that the M-score model is a useful technique to use to detect the earnings manipulation behaviors of companies in Vietnam. The M-score model is also a reliable tool for investors to make when making decisions and verifying the reliability of accounting information found in financial reports.

Keywords: Earnings Management; Detecting; M-Score Model; Non-Financial Vietnamese Listed Companies (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2018
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