RECIPROCAL IMPACT BETWEEN FINANCIAL DISTRESS AND EARNING MANAGEMENT EMPIRICAL EVIDENCE FROM ASEAN COUNTRIES COMPANIES

AYU SHEILA SORAYA, . (2025) RECIPROCAL IMPACT BETWEEN FINANCIAL DISTRESS AND EARNING MANAGEMENT EMPIRICAL EVIDENCE FROM ASEAN COUNTRIES COMPANIES. Tesis thesis, Universitas Pembangunan Nasional Veteran Jakarta.

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Abstract

This study examines the reciprocal relationship between financial distress and earning management among public listed companies in six ASEAN countries Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines from 2019 to 2022. The findings reveal no significant effect of earning management on financial distress, as ASEAN companies prioritize operational stability and financial restructuring over manipulation practices. Similarly, financial distress does not significantly impact earning management, which is primarily driven by profit-based bonus incentives. Leverage significantly affects financial distress, with higher leverage increasing financial risks due to elevated interest obligations. However, leverage does not significantly influence earning management, as moderate debt levels reduce creditor pressure. Profitability shows a significant negative relationship with financial distress, as higher profitability strengthens liquidity and reduces reliance on debt. Conversely, profitability positively influences earning management, driven by income-smoothing strategies tied to performance-based incentives. Country level analysis shows Malaysia, Singapore, and Vietnam face higher financial distress levels than Indonesia due to low operating cash flow, reduced liquidity, and high leverage. The Philippines demonstrates lower financial distress due to stable profitability, while Thailand benefits from robust profitability and cash reserves. Earning management is higher in Malaysia, the Philippines, Thailand, and Vietnam, driven by incentives, but Singapore’s strict regulatory framework limits manipulation.

Item Type: Thesis (Tesis)
Additional Information: [No.Panggil: 2210124006] [Pembimbing: Dianwicaksih Arieftiara] [Penguji 1: Amrie Firmansyah] [Penguji 2: Lidya Primta Surbakti]
Uncontrolled Keywords: Financial distress, Earning management, Leverage, Profitability, Firm size, ASEAN, Non-financial companies, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Fakultas Ekonomi dan Bisnis > Program Studi Akuntansi (S2)
Depositing User: AYU SHEILA SORAYA
Date Deposited: 17 Jan 2025 00:55
Last Modified: 03 Mar 2025 06:22
URI: http://repository.upnvj.ac.id/id/eprint/34439

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