THE ROLE OF CAPITAL STRUCTURE IN THE RELATIONSHIP BETWEEN BOARD PERFORMANCE AND FINANCIAL REPORTING FRAUD

  • TS. Ngô Nhật Phương Diễm - Trường Đại học Tài chính – Marketing
  • ThS Thái Trần Vân Hạnh - Trường Đại học Tài chính – Marketing
  • ThS. Trương Thảo Nghi - Trường Đại học Tài chính – Marketing
  • ThS. Trần Thị Nguyệt Nga - Trường Đại học Tài chính – Marketing
  • ThS. Nguyễn Thị Bích Nhi - Trường Đại học Tài chính – Marketing
Keywords: Board of Directors, capital structure, financial reporting fraud, Vietnam

Abstract

Research on financial reporting fraud is an issue of interest to the academic community, so this study was conducted to assess the role of capital structure in the relationship between board effectiveness and financial reporting fraud in listed companies in Vietnam. The authors used a dataset of 316 listed companies in the period 2015 to 2023 through a Binary Logistic regression model with the dependent variable measuring financial reporting fraud according to the adjusted M-Score model. The regression results acknowledge that effective board of directors and capital structure reduce the likelihood of financial reporting fraud and the study also acknowledges that capital structure plays a mediating role in the relationship between board of directors and financial reporting fraud in the emerging market of Vietnam. Therefore, the study contributes to the existing background theory on the role of effective board of directors, the role of capital structure on financial reporting fraud. At the same time, research on financial reporting fraud is still an issue of concern, so in the future, research can study the internal and external monitoring mechanisms of corporate governance on financial reporting fraud.

điểm /   đánh giá
Published
2025-11-15
Issue
Vol. 266 No. 11 (2025)
Section
Bài viết