Earnings management and accounting performance of new firms listings: evidence from the Vietnamese stock market

The purpose of this article is to investigate the phenomenon earnings management and its impact on accounting performance at time listing event. analysis based a sample 189 firms their securities Ho Chi Minh, Vietnam stock exchange for period 2009 2017. Four cross–sectional models were adopted study estimate with two total accruals current accruals. first provides evidence that Vietnamese aggressively manipulate upward in year before an attempt meet requirements when adopting models, but not was measured by discretionary Additionally, exhibit significant decline (measured ROE ROA) consecutive years after listing. Consistent our expectations, accruals) pre-listing are negatively related poor year. This also additional robustness check results respect handling outliers. findings from research make number contributions literature relevant investors, policymakers, firms.