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12 (2) 2017

Đặc điểm hội đồng quản trị và hành vi quản trị lợi nhuận của các công ty niêm yết trên thị trường chứng khoán Việt Nam


Tác giả - Nơi làm việc:
Bùi Văn Dương - Trường Đại học Kinh tế Thành phố Hồ Chí Minh , Việt Nam
Ngô Hoàng Điệp - Trường Đại học Mở Thành phố Hồ Chí Minh , Việt Nam
Tác giả liên hệ, Email: Bùi Văn Dương - bvduong@yahoo.com

Tóm tắt
Nghiên cứu này xem xét tác động của các nhân tố Hội đồng quản trị, quy mô công ty, đòn bẩy tài chính và lợi nhuận trên tổng tài sản (ROA) của công ty đến hành vi quản trị lợi nhuận (QTLN) dựa trên cơ sở dồn tích Accrualbased Earnings Management). Kết quả nghiên cứu đã chứng minh được rằng độ lớn của HĐQT, tỷ lệ thành viên HĐQT có chuyên môn tài chính, tỷ lệ thành viên nữ thuộc HĐQT có mối quan hệ cùng chiều với biến dồn tích bất thường DA (Discretionary Accruals- đại diện của hành vi QTLN của người quản lý doanh nghiệp). Qui mô doanh nghiệp, đòn bẩy tài chính và ROA có mối quan hệ ngược chiều với biến DA. Bên cạnh đó, kết quả nghiên cứu cũng cho thấy mô hình kiêm nhiệm hai chức danh (Chủ tịch HĐQT kiêm Giám đốc điều hành), tỷ lệ thành viên HĐQT độc lập không điều hành, số lần họp HĐQT không ảnh hưởng đến hành vi QTLN của người quản lý doanh nghiệp. Nghiên cứu được thực hiện dựa trên số liệu Báo cáo tài chính, Báo cáo thường niên và Báo cáo quản trị của 430 công ty phi tài chính đang niêm yết trên thị trường chứng khoán Việt Nam, giai đoạn 2010-2015.

Từ khóa
Quản trị lợi nhuận; đặc điểm Hội đồng quản trị; dồn tích bất thường

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