TAILIEUCHUNG - The Effect of Top Executive Gender on Accrual Earnings Management: Sample Analysis of Vietnamese Listed Firms
The intent of this study is to investigate the top executive gender effect on earnings management of companies listed on the stock market. Based on data from 100 companies listed on the Vietnamese stock markets (HNX and HOSE) listed before 2009 in the period from 2011 to 2014, using quantitative research methods, we find a correlation between earnings management and top executive gender, the proxy of firm size and the tenure of the CEO. | VNU Journal of Science: Economics and Business, Vol. 33, No. 2 (2017) 26-37 The Effect of Top Executive Gender on Accrual Earnings Management: Sample Analysis of Vietnamese Listed Firms Nguyen Vinh Khuong1,*, Phung Anh Thu2, Dinh Thi Thu Thao2 1 University of Economics and Law - Vietnam National University - HCM, Quarter 3, Linh Xuan Ward, Thu Duc Dist., Ho Chi Minh City, Vietnam 2 Nguyen Tat Thanh University, 300A, Nguyen Tat Thanh Str., Ward 13, Dist. 4, Ho Chi Minh City, Vietnam Received 9 May 2017 Revised 15 June 2017, Accepted 26 June 2017 Abstract: The intent of this study is to investigate the top executive gender effect on earnings management of companies listed on the stock market. Based on data from 100 companies listed on the Vietnamese stock markets (HNX and HOSE) listed before 2009 in the period from 2011 to 2014, using quantitative research methods, we find a correlation between earnings management and top executive gender (GENDERCHAIR, GENDERCEO, GENDERCFO), the proxy of firm size and the tenure of the CEO. This paper extends prior research by addressing the potential effects of female executives on earnings management. The findings reported in this paper provide novel insights to the empirical financial accounting literature. Keywords: Executive, gender, CEO, CFO, earnings management. 1. Introduction * maximize firm value and/or their own wealth at the expense of shareholders [1-3]. Thus, it is widely recognized that the quality of financial reporting may depend on managerial motives and characteristics, and moreover, that the opportunism of a firm’s executives tends to reduce earnings quality. In this paper, we examine the association between earnings management and the gender of the firm’s executives. In particular, we focus on the gender of the firm’s chief executive officer (CEO) and chief financial officer (CFO), and attempt to assess whether and how female executives affect the quality of .
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