COVID-19 outbreak and earnings management: evidence from Vietnam

The paper investigates various firms’ earnings management (EM) during the COVID-19, and post-COVID-19 periods in Vietnam from 2016 to 2023. It examines 635 Vietnamese-listed non-financial companies from 2016 to 2023. The paper employs a two-step generalized method of moments (GMM) approach to run th...

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Main Author: Khiem Dieu Truong
Format: Article
Language:English
Published: Taylor & Francis Group 2025-08-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2025.2543044
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author Khiem Dieu Truong
author_facet Khiem Dieu Truong
author_sort Khiem Dieu Truong
collection DOAJ
description The paper investigates various firms’ earnings management (EM) during the COVID-19, and post-COVID-19 periods in Vietnam from 2016 to 2023. It examines 635 Vietnamese-listed non-financial companies from 2016 to 2023. The paper employs a two-step generalized method of moments (GMM) approach to run the results. The results show that Vietnamese managers tended to use accrual earnings management (AEM) to deal with the negative impact of the outbreak of COVID-19. However, the firms tended to reduce the use of AEM and aggressively use real earnings management (REM) in the post-COVID −19 periods. The results of the paper contribute to the literature on EM behavior during COVID-19 and in the post-COVID-19 period. Moreover, it also has implications for lawmakers and investors.
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spelling doaj-art-b0794af623874ee2912aa3c5a64e14ea2025-08-20T04:02:40ZengTaylor & Francis GroupCogent Business & Management2331-19752025-08-0112110.1080/23311975.2025.2543044COVID-19 outbreak and earnings management: evidence from VietnamKhiem Dieu Truong0Department of Accounting, International University -VNU-HCM, Vietnam, VietnamThe paper investigates various firms’ earnings management (EM) during the COVID-19, and post-COVID-19 periods in Vietnam from 2016 to 2023. It examines 635 Vietnamese-listed non-financial companies from 2016 to 2023. The paper employs a two-step generalized method of moments (GMM) approach to run the results. The results show that Vietnamese managers tended to use accrual earnings management (AEM) to deal with the negative impact of the outbreak of COVID-19. However, the firms tended to reduce the use of AEM and aggressively use real earnings management (REM) in the post-COVID −19 periods. The results of the paper contribute to the literature on EM behavior during COVID-19 and in the post-COVID-19 period. Moreover, it also has implications for lawmakers and investors.https://www.tandfonline.com/doi/10.1080/23311975.2025.2543044COVID-19Vietnamaccrual earnings managementreal earnings managementearnings managementFinance
spellingShingle Khiem Dieu Truong
COVID-19 outbreak and earnings management: evidence from Vietnam
Cogent Business & Management
COVID-19
Vietnam
accrual earnings management
real earnings management
earnings management
Finance
title COVID-19 outbreak and earnings management: evidence from Vietnam
title_full COVID-19 outbreak and earnings management: evidence from Vietnam
title_fullStr COVID-19 outbreak and earnings management: evidence from Vietnam
title_full_unstemmed COVID-19 outbreak and earnings management: evidence from Vietnam
title_short COVID-19 outbreak and earnings management: evidence from Vietnam
title_sort covid 19 outbreak and earnings management evidence from vietnam
topic COVID-19
Vietnam
accrual earnings management
real earnings management
earnings management
Finance
url https://www.tandfonline.com/doi/10.1080/23311975.2025.2543044
work_keys_str_mv AT khiemdieutruong covid19outbreakandearningsmanagementevidencefromvietnam