Market concentration and financial statement comparability: what is the role of state ownership? Evidence from SYS GMM and fsQCA

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS

ACS Applied Bio Materials Pub Date : 2024-04-04 DOI:10.1108/par-08-2022-0119

P. Thu, Pham Quang Huy

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引用次数: 0

Abstract

Purpose This paper aims to explore the moderating role of state ownership variables on the relationship between market concentration (MC) and financial statement comparability (FSC) in Vietnam. Design/methodology/approach This study uses data from the financial statements of 475 nonfinancial listed companies for the period from 2010 to 2019. This study uses both the system generalized method of moments and fuzzy-set qualitative comparative analysis (fsQCA) to consider the correlation and causal–effect relationships of the variables in the model. Findings The results show that MC has a positive relationship with FSC, and MC tends to exert a stronger impact on FSC for firms with higher state ownership. In addition, this study suggests that some combinations help improve FSC. This study has important implications for investors, managers and especially state-owned organizations when market power becomes fierce. Originality/value This study contributes to the literature on the comparability of financial statements in the context of developing countries that have not fully adopted International Financial Reporting Standards. Furthermore, this study applies the fsQCA method to complement the linear regression method.

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市场集中度与财务报表可比性：国家所有权的作用是什么？来自 SYS GMM 和 fsQCA 的证据

目的本文旨在探讨国家所有权变量对越南市场集中度（MC）与财务报表可比性（FSC）之间关系的调节作用.设计/方法/途径本研究使用了2010年至2019年期间475家非金融类上市公司的财务报表数据。本研究采用系统广义矩法和模糊集定性比较分析法（fsQCA）来考虑模型中变量的相关性和因果关系。研究结果结果表明，MC 与 FSC 存在正相关关系，且 MC 对国有股权较高的公司的 FSC 影响更大。此外，本研究还表明，某些组合有助于改善财务自由度。本研究对投资者、管理者，尤其是在市场力量变得激烈的情况下的国有组织具有重要意义。此外，本研究还采用了 fsQCA 方法来补充线性回归方法。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ACS Applied Bio Materials Chemistry-Chemistry (all)

CiteScore

9.40

自引率

2.10%

发文量

464

期刊介绍： ACS Applied Bio Materials is an interdisciplinary journal publishing original research covering all aspects of biomaterials and biointerfaces including and beyond the traditional biosensing, biomedical and therapeutic applications. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrates knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important bio applications. The journal is specifically interested in work that addresses the relationship between structure and function and assesses the stability and degradation of materials under relevant environmental and biological conditions.