The Impact of Earnings Management Behavior on the Performance of Listed Companies on the Hanoi Stock Exchange (Hnx) in Vietnam

Abstract

This study analyzes the impact of earnings management on the business performance of companies listed on the Hanoi Stock Exchange (HNX) in Vietnam. Data were collected from 247 listed companies on HNX, with 1,235 observations during the period 2019–2023. The research team employed multiple linear regression analysis with the support of Stata software. The research results indicate that earnings management affects corporate performance. Additionally, control variables such as duality, Big Four audit firms, board size, and firm size also influence the performance of companies listed on HNX. The paper also provides several recommendations regarding the relationship between earnings management and the performance of listed companies on HNX.