- Tytuł:
- Is short term debt maturity linked to real earning management?
- Autorzy:
-
Nguyen, Thanh Liem
Trinh, Quoc Trung
Nguyen, Vinh Khuong
Cao Thi, Mien Thuy - Powiązania:
- https://bibliotekanauki.pl/articles/2174425.pdf
- Data publikacji:
- 2022
- Wydawca:
- Uniwersytet Zielonogórski. Wydział Ekonomii i Zarządzania
- Tematy:
-
real earnings management
debt maturity
short-term load
information asymmetry
zarządzanie realnymi zarobkami
zapadalność długu
kredyt krótkoterminowy - Opis:
- This paper explores the association between the maturity of short term debt and real earnings management in the context of an emerging market. We use a panel dataset of listed firms in Vietnam over the period from 2009 to 2017 and employ conventional methods for panel data analysis. Our work contributes by documenting a non-linear relationship between short-term debt maturity and manipulation of earnings. In particular, businesses prefer to refrain from manipulating earnings at low short-term debt maturity levels but are likely to manage them at higher short-term debt maturity levels. Under a battery of robustness evaluations, this result remains unchanged. This means that investors/lenders of firms should be vigilant with the information recorded on financial statements because managers can manage corporate earnings, especially at high short-term debt levels.
- Źródło:
-
Management; 2022, 26, 1; 189--203
1429-9321
2299-193X - Pojawia się w:
- Management
- Dostawca treści:
- Biblioteka Nauki
Artykuł