Finance

Business

Earnings per share

Book value

Market value

Enterprise value

Market value added

Computer science

Monetary economics

Dividend policy

Earnings response coefficient

Machine learning

Price–earnings ratio

Economics

Financial economics

Dividend payout ratio

Earnings

Stock exchange

Accrual

Profitability index

Leverage (statistics)

Earnings quality

Journal of Asian Finance Economics and Business

The study aims to investigate the impact level of earnings quality on firm value. The study has used data with 3,910 observations at listed firms on Vietnam Stock Exchange for the period from 2010 to 2018, and GLS regression analysis is employed in this research. Earnings quality is measured in the aspects of earnings management, earnings persistence, and timeliness of profitability. This study also considers a number of controlled variables that positively influence the firm's value such as firm size, fixed asset investment rate and dividend payout ratio. The results show that earnings quality is positively associated with firm value with having statistical significance. In contrast, some determinants negatively influence firm value such as financial leverage, ratio of market value to book value, and revenue growth. Determinants of firm size, the rate of investment in fixed assets, the rate of dividend payment positively affect the firm value. In contrast, determinants of financial leverage, revenue growth r...

The Impact of Earnings Quality on Firm Value: The Case of Vietnam