Earnings quality and corporate social disclosure: The moderating role of State and Foreign ownership in Vietnamese listed firms

Trang Cam Hoang, Indra Abeysekera, Shiguang Ma

Research output: Contribution to conferenceConference paper presented at Conference (not in Proceedings)

Abstract

By investigating the effect of earnings quality on corporate social disclosure (CSD) in the context of Vietnam, this study tests whether firms uphold managerial opportunism based on the agency theory or social responsibility based on stakeholder theory. It also tests the moderating effect of state and foreign ownership on the relationship between earnings quality and CSD. Measuring CSD with a stakeholder-driven, three-dimensional CSD index perceived by stakeholders with the help of a survey, and the earnings quality as a standardized aggregate measure of earnings quality: accruals quality, earnings persistence, earnings predictability, and earnings smoothness, this study finds that the long-term perspective argument dominates in the relationship between earnings quality and CSD, indicating that earnings quality is positively and significantly associated with CSD. It then establishes that earnings quality causes CSD, and not vice versa. The study also finds that the increasing proportion of shares held by the government in firms weakens the relationship between earnings quality and CSD.
Original languageEnglish
Pages52-53
Number of pages2
Publication statusPublished - 2017
Externally publishedYes
EventThe International Conference in Environmental Finance - Ton Duc Thang University, Ho Chi Minh City, Vietnam, Ho Chi Minh City, Viet Nam
Duration: 27 Jun 201728 Jun 2017

Conference

ConferenceThe International Conference in Environmental Finance
Abbreviated titleICIEF 2017
CountryViet Nam
CityHo Chi Minh City
Period27/06/1728/06/17

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    Hoang, T. C., Abeysekera, I., & Ma, S. (2017). Earnings quality and corporate social disclosure: The moderating role of State and Foreign ownership in Vietnamese listed firms. 52-53. Paper presented at The International Conference in Environmental Finance, Ho Chi Minh City, Viet Nam.