Income Smoothing Practices: Evidence from Vietnam Stock Exchange Market

Pham Duc Hieu and Hoang Ha Anh ()
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Pham Duc Hieu: Thuongmai University
Hoang Ha Anh: Foreign Trade University

A chapter in Proceedings of the 4th International Conference on Research in Management and Technovation, 2024, pp 143-152 from Springer

Abstract: Abstract The study aims to: (i) provide empirical evidence on income smoothing practice of listed companies in Vietnam Stock Exchange; and (ii) investigate the impacts of firms’ profitability, financial leverage, liquidity, and audit firm size combined with several control variables proxied by listing age, firm size, audit tenure, and board size on income smoothing of Vietnamese listed companies from 2009 to 2021. Using the purposive sampling method, the studied samples are 81 companies making of 1053 observations in total. Data are analyzed using logistic regression with dependent variable which is income smoothing categorized based on the Eckel’s index. The study's findings indicate that while other variables have no effect on income smoothing practices, financial leverage, audit firm size, and company size have a substantial impact. The findings of this study also suggest that income smoothing is very viable in Vietnam, similar to that in Japan but considerably less common than in Singapore and China.

Keywords: Income smoothing; Liquidity; Company size; Profitability; Financial leverage (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-8472-5_14

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DOI: 10.1007/978-981-99-8472-5_14

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