Are there significant mean differences in the financial ratios between fraudulent and non-fraudulent companies in Vietnam?

• Main Authors: Đinh Ngọc Tú, Vũ Hải Anh, Văn Nhật Tâm, Mai Thân Thủy Quỳnh, Hoàng Trần Minh Châu, Nguyễn Mỹ Hiếu Hòa
• Format: Article
• Language: Vietnamese
• Published: TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH 2020-06-01
• Series: Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh
• Subjects: gian lận báo cáo tài chính; gian lận; tỷ số tài chính
• Online Access: https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/523

This research aims to investigate whether there are any significant differences between the means of financial ratios of fraudulent and non-fraudulent firms and to identify which financial ratio is significant to predict fraudulent financial reporting. The sample comprises 63 fraudulent companies and 63 samples of non-fraudulent companies listed on the HOSE in 2017. The results show that there is only a significant mean difference between the fraud and non-fraud firms in inventory to total assets; the others do not differ significantly. These results provide empirical evidence of the limited ability of financial ratios to predict fraudulent financial reporting.