CORPORATE GOVERNANCE FACTORS AFFECTING EARNINGS MANAGEMENT AT NON-FINANCIAL ENTERPRISES LISTED ON VIETNAM STOCK EXCHANGE

Abstract

This study determines the corporate governance factors affecting the earnings management at 250 listed
companies on HOSE and HNX in Vietnam. Research data is collected from önancial statements and annual reports of
enterprises publicly disclosed on Vietstock for the period from 2019 to 2021. Based on collected data and research
model, we conduct regression estimation using the FEM model, at the same time test the model's defects and offer
remedial measures to accurately determine the inøuence of corporate governance factors on the önancial
management. The results of the study show that the Audit Committee has a positive impact on the earnings
management and the size of the Board of Directors, while the proportion of independent members of the Board of
Directors, the number of meetings of the Board of Directors and the expertise of the Board of Directors are not
statistically signiöcant. The study contributes to providing more empirical evidence on the impact of corporate
governance factors on the earnings management of non-önancial örms, helping to provide a more objective view of
this phenomenon in the current context and orienting management policies to improve the quality of information
that enterprises publish.