The impact of profit adjustment through actual transactions on the financial performance of companies listed on the HNX stock exchange

Abstract

This study focuses on the impact of profit manipulation through real earnings management (REM) on the financial performance of 192 companies listed on the Hanoi Stock Exchange (HNX) from 2019 to 2022. Our study results indicate a negative association between profit management and financial performance, thus recommending measures to limit profit manipulation and safeguard the interests of stakeholders.