Corporate Governance, Firm Characteristics and Financial Statements Quality: Evidence from Vietnamese listed firms

Abstract

It is important to identify and assess factors related to corporate governance which affect the financial statements quality of listed companies on the Ha Noi Stock Exchange (HNX). The results of this study show that these factors including the independence of Board of Directors (BOD), BOD ownership, and auditing firm quality and size of company have impacts the financial reporting quality of firms on the HNX. In addition, we find that the size and leverage of the company can serve as a basis for improving the quality of financial statements in the future. Our study provides some important implications for firms to enhance financial reporting quality in Vietnam.