جستجوی مقالات مرتبط با کلیدواژه « accruals quality » در نشریات گروه « علوم انسانی »

The purpose of this research is to investigate the relationship between institutional investor inattention, accruals quality and conditional conservatism.

This research is applied and correlational. The data used are historical and ex-post and to test the research hypotheses, EViews 10 was used. The statistical population of this research is 438 companies from 2010 to 2019, which were listed during this period, and by applying the systematic elimination method, the number of the research population was reduced to 132 companies (1320 years - companies).

The findings of the research show that there is a significant negative relationship between institutional investor inattention and conditional conservatism, and there is a significant positive relationship between institutional investor inattention and the low portion of accruals quality. In addition, the relationship between the institutional investor inattention and the low portion of accruals quality (discretionary accrual items) shows that in the case of institutional investor inattention, the amount of optional accrual items (abnormal accrual items) increases and as a result, the earning quality decreases.

Originality: 

Institutional investor inattention and reducing their supervisory role, abnormal accruals (low portion of accruals quality) will increase and as a result, the earning quality will decrease. If institutional investors use their supervisory position well, they can prevent the presentation of manipulated earnings and dishonest expression.

The accounting information quality and its relationship with financing decision-making is one of the important issues that attract interest from researchers. However, the way accounting information quality affects financing costs during the COVID-19 pandemic is a topic that has not been explored in domestic research. The purpose of this research is to investigate the effect of the accounting information quality on the cost of debt and to explore how this effect mainfested during the pandemic of COVID-19. In this regard, the data from 137 firms listed on Tehran Stock Exchange for 2012-2022 (1057 firm-years) have been analyzed. The generalized least squares (GLS) approach was employed to fit the models and fixed effects for years and industries were also controlled. The research results for the entire period demonstrate that an increase in accruals quality (as a proxy for accounting information quality) leads to the cost of financing through debts and this decrease is more pronounced for innate accruals quality than for discretionary accruals quality. Furthermore, the findings suggest that during the period of the COVID-19 pandemic, the impact of accruals quality and its innate and discretionary components on the cost of debt diminished. The results of the robustness tests using decile-ranked values of accruals quality support the main findings.

Firms with low accounting quality have high demand for trade credit because they haven’t easier access to other sources of financing. On the other hands, suppliers rely on customers’ financial information and accounting quality to measure their creditworthiness when deciding on trade credit. However, when customer inventory liquidation costs are little, suppliers pay less attention to customer accounting information and its quality. Consequently, this study aims to examine the relationship between accounting quality and trade credit, and investigates if inventory liquidation costs has impact on this relationship. In this study the statistical sample include 111 firms listed at TSE between the years 2012 to 2019. Accrual quality is used as a proxy to determine accounting quality. To achieve the research objectives, two hypotheses have been proposed and to test the hypotheses multiple linear regression analysis in a panel data mode were conducted. The results of the analysis of regression models show that accounting quality has a positive and significant effect on trade credit. In addition, inventory liquidation costs don’t moderate the relationship between accounting quality and trade credit. The main findings of this study indicate that accounting negatively related to the use of trade credit. In other words, companies’ demand for trade financing decreases with accounting quality. Also, the effect of accounting quality on trade credit is not affected by customers’ inventory liquidation costs.

Information is distributed asymmetrically among investors in financial markets. In such a situation, investors increase their expected returns to cover risks. Therefore, the risk of reported information and asymmetric distribution of information will be an effective factor on the expected returns of shareholders or the cost of capital. Accordingly, the purpose of this study is to investigate the effect of asymmetry information on the cost of capital in two different competition levels in Tehran Stock Exchange. The sample consists of 145 firms listed in Tehran Stock Exchange during the period from 2011 to 2016. In order to test the research hypotheses, the data panel regression analysis is performed using a compilation method. Findings of the research show that information asymmetry has a positive effect on cost of capital, based on all three criteria for measuring information asymmetry. In other words, with increasing information asymmetry, the cost of equity is also rising. The results also show that market competition level has a significant effect on the relationship between information asymmetry and equity costs. In other words, at the level of incomplete market competition, the positive effect of information asymmetry on the cost of capital is strengthened, while at the full competition level, the positive effect of information asymmetry on the cost of capital is weakened.

The aim of this study is to investigate the effect of equity financing and ownership type on the relationship between dividend policy and financial reporting quality of listed companies in the Tehran Stock Exchange.

The statistical sample consists of 124 companies during 2011-2018. The dependent variable of this study is financial reporting quality. Some proxies are used for measuring this variable, such as accruals quality, earnings forecasting power and conservatism. In this study, Dechow and Dichev model (2002) is used to calculate the quality of accruals and conservatism is measured based on Givoly and Hayn model (2000).

The results of statistical analysis show that there is a positive and significant relationship between dividend policy and financial reporting quality (accruals quality and earnings forecasting power). Moreover, the findings indicate that the type of firm ownership (government or private ownership) moderates this relationship. In addition, equity financing moderates the relationship between conservatism and dividend.

Companies which pay more dividends, have more accruals quality. In addition, by increasing the amount of dividends paid, earnings forecasting power increases. According to findings, the relationship between dividend and reporting quality in the firms whose government ownership is weaker than other firms and in these firms, dividend does not have informative content about high reporting quality. Additionally, equity financing only weakens the relation between conservatism and dividend and does not affect the relationship dividend and two other measures of reporting quality

As prior studies consequences, accruals quality and corporate governance are two important factors that can affect on firms performance significantly. Establishing corporate governance and increasing the quality of that, as one of the benchmarks to measure the performance of the firms, will lead to decrease of agency expenses and so can improve the performance of the firm and subsequently can reduce its volatility. On the other hand, investigating the quality of accruals as one of the main factors affecting the quality of accounting profit that is considered by investors, can also lead to better company performance as well as enhancing investor satisfaction and maintaining the reliability and credibility of the companies. Thus, the purpose of the present study is to investigate the relationship between accruals quality and corporate governance quality with performance variability of the firm and the impact of corporate governance quality on the relationship between accruals quality and performance variability of the firm. Thus, in this study, three hypothesis are tested.

In this research, two key elements in corporate governance, namely, institutional investors, which enhance information transparency and thus reduce information asymmetry, as well as the characteristics of board members that can help reduce the conflict of interest between shareholders and management, have been studied. For this purpose, the model of Francis et al (2005) was used to measure the accruals quality and the quality of corporate governance and measured by assessing the institutional shareholder ownership, board independence, and the use of financial and accounting experts in the board of directors. In order to calculate the volatility of firm performance, the standard deviation of return on assets was used. Thus, Three hyposeses have been designed and tested using the data of a sample from listed companies in Tehran Stock Exchange during the period 2011 to 2019.

According to the findings of this study, accruals quality and corporate governance quality have a significant negative relationship with corporate performance variability. Also, the quality of corporate governance exacerbates the negative relationship between accruals quality and corporateperformance variability.

Due to the abnormal fluctuations in corporate performance which can reflect the unfavorable status of the company in different aspects, and since enhancing corporate governance and accruals quality helps to improve corporate performance, it can generally be concluded that increase in the quality of corporate governance and the quality of accruals will reduce the variability of the firm's performance as one of the determinants of investor risk.

The present research aims to study the effect of corporate governance mechanisms on therelationship between the internal control weakness and accruals' quality in the companies listed inTehran Stock Exchange. The accruals' quality and the internal control weakness are the dependentand independent variables, respectively. 9 different criteria of the corporate governance includemanagerial mechanisms and ownership structure as the moderating variables. To calculate theresearch variables, data of 159 companies in the time interval of 2011-2017 were used. The researchis applied, descriptive and correlational. The hypotheses testing using the regression models showsthat there is a significant reverse relationship between the internal control weakness and accruals'quality. And independence of the board of directors, the size of the board of directors, free float stockand the institutional ownership percentage will weaken the negative effect of the internal controlweakness on the accruals' quality and in contrast, the CEO stability and the ownership concentrationwill intensify the effect of internal control weakness in companies.