Accounting Comparability and Cash Holdings in Vietnam

The management of cash requires careful considerations to allow firms benefit from proper resource allocations while mitigating agency issues. Accounting comparability can play an important role in tackling information asymmetry and cost, thus enabling managers hoard more cash. This research aims investigate the link between accounting holdings emerging market. Using a sample listed Vietnam 2010 2019 System Generalized Method Moments, study finds that is positively associated with corporate holdings, confirming value former as effective governance mechanism. Additionally, we find non-linear impact on holdings; other words, specifically enhances for high levels comparability. We further document improve firm performance only Such evidence implies financial statement show commitment tackle cost asymmetry.