جستجوی مقالات مرتبط با کلیدواژه "افشای اطلاعات" در نشریات گروه "حسابداری"

In the current research, the researcher examined the effect of investors' preferences on various performance criteria in pharmaceutical companies listed in the Tehran Stock Exchange. The research method of this research is correlational in nature and content, and in this direction; The number of 42 companies admitted to the Tehran Stock Exchange for a period of ten years from the beginning of 2012 to the end of 2011 was selected and the necessary data were extracted and the developed hypotheses were tested. The results showed that investors' inclinations have a positive and significant effect on stock returns and operating cash flows.

There are always incentives for agency problems in firms due to potential conflicts of interest among managers, shareholders, and stakeholders. Therefore, efforts to disclose appropriate and high-quality information are one of the approaches to reduce agency conflicts. Since integrated reporting is viewed as a future-oriented approach, it is crucial to assess the potential consequences of adopting an integrated reporting framework on financial reporting quality, taking agency motives into account This research analyzed the impact of the level of reporting convergence toward an integrated framework on financial reporting quality and agency conflicts.

To measure reporting convergence toward integrated reporting, a checklist was used that was designed based on the international integrated reporting framework. The integrated reporting framework is principles-based. The purpose of this framework is to establish guiding principles and content elements that govern the overall content of an integrated report. The guiding principles underpin the preparation and presentation of an integrated report, informing the content and how information is presented, while the content elements provide details of the information to be reported. Earnings quality, as a proxy for financial information quality, was assessed based on the inverse absolute value of residuals' standard deviation derived from an accrual model at the firm level. Agency cost, as a proxy for conflict of interest, was measured using an efficiency criterion based on the ratio of operational expenses to operational revenues. The research population includes 144 firms listed on the Tehran Stock Exchange over seven years from March 2016 to March 2023. Multivariable panel regression models, based on firm-year observations, were used to test the research hypotheses.

The findings showed that an increase in convergence level toward an integrated reporting framework improved earnings quality and reduced agency costs. Additionally, although agency costs reduced earnings quality, information disclosure based on integrated reporting mitigated this effect, thereby improving reported earnings quality. Firms that have a higher level of information disclosure following the integrated reporting framework use fewer earnings management tricks and exhibit higher earnings quality. Furthermore, the impact of implementing integrated reporting on earnings quality can be influenced by agency costs. Integrated reporting, as a superior information disclosure mechanism, strongly relates to financial information quality in firms facing agency costs. The effectiveness of integrated reporting is more pronounced in firms with agency problems.

The results indicated that the improvement in transparency and completeness of information disclosure, due to the reporting convergence toward an integrated framework, increases financial information quality, especially earnings quality, over time. In addition, focusing on the benefits of integrated reporting mitigates agency conflicts and reduces agency costs. Acceptance of new reporting approaches requires studying their dimensions and possible future consequences. Since the movement toward an integrated reporting framework in Iran is not accompanied by specific requirements, it is suggested to analyze the challenges, opportunities, threats, drivers, barriers, and consequences of the integrated reporting approach by focusing on the information needs of interested groups.

Auditing in society's main task and role are to accredit companies' financial statements. Considering the importance of audit operations and disclosure of social responsibility by companies, the present study investigated the relationship of social responsibility disclosure on audit operations.

 We have made a sample of 125 companies listed on the Tehran Stock Exchange, studying a seven-year sample period from 2015 to 2021 and measured their extent of social responsibility disclosure as an independent variable (based on a standard checklist included 17 components (consists of three main dimension: social, environmental and economic). We have examined its effect on the auditor's opinion and the delay in the auditor's report as two dependent variables in two regression models separately. 

The first hypothesis showed that the disclosure of corporate social responsibility has a significant positive effect on the type of statement submitted by the company auditor. The Second hypothesis showed that a Positive relationship between social responsibility disclosure and delay in providing audit report.

We concluded that social responsibility disclosure directly affects the auditor's opinion and indicates that the more corporate social responsibility disclosure, the higher the quality of financial statements. Disclosure of social responsibility delays in submitting an audit report shows an Positive and significant relationship.

Enlightenment: 

Finally, the results of this study contribute to the literature by highlighting the role of the social responsibility disclosure in the audit operations and judgment and decision-making in accounting. 

The purpose of this research is to investigate the effect of the quality of internal control on the disclosure of social responsibility information in companies listed on the Tehran Stock Exchange. In line with the purpose of the research, a hypothesis was formulated. In order to test this hypothesis, using the systematic elimination method, a sample of 106 companies was selected from among the companies admitted to the Tehran Stock Exchange during the years 2013 to 2014. For data analysis and hypothesis testing, multivariate regression models have been used using the combined data method. The results of the research hypothesis showed that the quality of internal control has a positive and significant effect on the disclosure of social responsibility information.

Disclosure of information regarding corporate social responsibility creates a positive image of the company among shareholders. Because behaviors related to financial constraints may jeopardize stakeholder interests, it is expected that corporate executives who are more involved in financial constraint behaviors will pay more attention to corporate social responsibility to satisfy stakeholders. In the present study, the effect of different models of disclosure of social responsibility information on the relationship between the reduction of financial constraints and family ownership in companies listed on the Tehran Stock Exchange has been investigated. The present study is applied and the method of descriptive-causal and post-event is performed. SPSS software version 22 and Ivory version 8 were used to analyze the test results of the hypotheses. The statistical population of the study is the companies listed on the Tehran Stock Exchange from the beginning of 2009 to the end of 2018 for ten years. Using sampling by screening method, 100 companies were selected as a statistical sample. Findings from the analysis Research data show that the effect of disclosing social responsibility information based on Carroll model, Willis model, Lantos model and Kanjai and Cobra model on financial constraints of family companies compared to other companies; There is a significant difference. Also, according to the results, the disclosure of social responsibility information in family-owned companies has been less than other companies in the studied models.

The relationship between information disclosure and the cost of capital is one of the key concepts in financial reporting issues. In the past, theoretical research has shown that the level of information disclosure leads to a reduction in the cost of capital by improving the liquidity of stocks and reducing the risk of investors estimating the parameters of an asset's return. However, empirical studies have shown different results in this regard. Some of these studies show the existence of a positive and significant relationship between the level of information disclosure and the cost of capital, some of these studies show the existence of a negative and significant relationship between the cost of capital and the level of information disclosure, and another group also indicates the absence of a relationship between these two variables. Recently, Dutta and Nezlobin (2017, 2018) in their theoretical model presented the impact of macroeconomics factors such as the economic conditions of the capital market and the level of growth rate of companies in the ability to explain these mixed empricial results. According to their point of view, a change in economic conditions can lead to a change in the capital market and lead to the boom or bust of the capital market. Capital market boom causes attraction and its bust causes capital to escape from the market. As a result, Economic conditions as an external factor can have different effects on companies’ information disclosures. Accordingly, the present study, with the aim of explaining and interpreting the different results of empricial research conducted in the field of the relationship between disclosure and the cost of capital, has tested the effect of the boom and bust of the capital market on the relationship.

For this purpose, the information of 130 companies listed on the Tehran Stock Exchange, between 2010 and 2018, was selected. In order to measure the variable of voluntary disclosure of information, the proxies of timeliness, accuracy and bias of firm midterm and annual earnings forecast has been used. Also, stock risk premium, according to the model of Hess et al (2019) and Lee and Mohanram (2014), was estimated using measurement of combined implied risk premium. In order to determine the capital market cycle, the Hodrick-Prescott filter was used and the time period of the research has been classified into two periods of boom and bust, and the hypotheses of the research have been tested both at the level of the entire sample and for the periods of boom and bust of the capital market. Also to test the research hypotheses, a multiple regression model, using the combined data method, has been used. In the present study, data analysis has been performed using stata software version 16.

The results showed that voluntary disclosure of information, for the proxies of bias of midterm and annual earnings forecast at the total sample level and during the boom and bust period of the capital market, negatively and significantly, and for the proxies of forecast accuracy of midterm and annual earnings forecast at the total sample level and during the boom and bust period of the capital market, positively and significantly have a effect on the stock implied risk premium. Also, the results indicated that the proxies of timeliness of midterm and annual earnings forecast at the total sample level and the timeliness of annual earnings forecasts during the bust period of the capital market have a positive and significant effect on stock implied risk premium.

According to the research results, the capital market cycle can affect the relationship between the timeliness proxy of annual earnings forecast and the stock implied risk premium. But the capital market cycle cannot affect the relationship between the other two variables of information voluntary disclosure, including the bias and accuracy of midterm and annual earnings forecasts, and the stock implied risk premium. Actually, the relationship expressed for different proxies of information voluntary disclosure is different. Also, the analysis of the results shows that companies voluntarily make more disclosure during the capital market boom. On the other hand, contrary to expectation, the return in excess of the risk-free rate of return (risk-free) demanded by investors is higher during the capital market boom. The value of dispersion for the measure of and the stock implied risk premium also shows that this value is higher for the period of capital market bust than the period of capital market boom. This issue can be due to the high fluctuations of the market during the period of bust.The results of the research can help managers to reduce the cost of capital by disclosing less bias profit forecasts, by gaining the trust of investors.

The purpose of this study is to investigate the overall level of voluntary compliance of information disclosure in the management commentary of companies listed on the Tehran Stock Exchange, according to the requirements of IFRS’s professional statement of 2010 and to investigate the relationship between company characteristics and the overall level of information disclosure in management commentary. For this purpose, the information of 310 companies listed on the Tehran Stock Exchange for 2020 was examined. In this study, we used a checklist to examine the compliance with the IFRS’s professional statement in companies and used multiple regression to analyze the hypotheses. The analysis results indicate that the rate of compliance with the IFRS’s professional statement in companies in Iran is in the range of 12% to 100%, with an average of 42.8%. Analysis indicates that companies disclose more financial information than non-financial information in management commentary. Also, the analysis of hypotheses shows that among the characteristics of companies, the age of companies has no effect on the level of information disclosure in management commentary.

Recent empirical studies show that the accounting information contained in the current financial statements does not have a reliable basis for predicting the future performance of companies and key indicators affecting the value of the company such as business model in the traditional accounting model are not reported. The aim of this study was to analyze and evaluate the fit of the measurement and structural model the criteria for disclosure of information of business models. In this descriptive correlational study, 196 people were selected from university professors and experts in the field of finance and business by Cochran sampling method. Data analysis algorithm by partial least squares method was used which includes: measurement models fitting, structural model fitting and the overall fit of the model to assess the criteria for disclosure of information of business models. Fitting of all three parts of the data algorithm and the results of confirmatory factor analysis also showed the desirability and acceptability of the latent structure at the level of criteria. According to the results of the present study, it can be said that the criteria of information disclosure of business models have an appropriate measurement and structural model fit and it can be used to measure and identify the criteria of information disclosure of business models. The results of the research can be considered in the long-term and accurate planning of actors and players influencing the accounting profession to improve the financial reporting system of companies and promote the profession in the future.

Information disclosure is a multilateral concept and comprises disclosure of information in different financial, corporate governance, and more areas. The main objective of the study is providing a comprehensive disclosure framework in credit institutions through review of valid papers and localization of the disclosure components, taking into account the country's conditions and the law for usury-free banking. To do so, a combination of qualitative and quantitative methods is applied. First, the initial disclosure framework for credit institutions is extracted using the review of relevant literature and applying the meta-synthesis method. Then, through interviews with 16 banking experts and analyzing the obtained data, the framework derived from the previous step is completed and localized. According to the research findings, disclosure of items such as recovery and resolution plan, the amount of directed credits from the government, and so on will contribute to banking industry efficiency.

Previous research has shown that providing voluntary and discretionary information by companies can help reduce investor risk. But providing this information depends on the decisions of managers. Therefore, the purpose of this study is to investigate the effect of manager’s narcissism on voluntary disclosure of company information.

With the use of data gathered in the time period of 1388 to 1397 from 135 companies listed on the Tehran’s Stock Exchange, the hypotheses tests have been performed using multiple regression.

After doing statistical analysis on CEO narcissism on voluntary disclosure of company information, the result of the hypotheses show that it has a significant and meaningful negative effects.  In this study, two indicators including: “the ratio of manager’s rewards to total salaries” and “the size of manager’s signatures” have been used to measure manager’s narcissism.  According to the result of the study, in companies where the ratio of manager’s bonuses is paid a higher percentage than other managers in other companies, as well as managers who have a larger signature size, discretionary disclosure of information is less.

The personality traits of narcissistic managers, compared to other managers, lead them to take actions that are out of the ordinary and seek the attention and praise of others, and the these actions will untimely affect the performance of the organization.  Therefore, personal prejudices and positive illusions of narcissistic managers affect the supply of financial information to the stock exchange, and therefore, these managers tend to ignore confidential negative feedback and will provide information about the company’s performance when communicating with the shareholders despite of considering the reality of the matter.  In addition these managers may knowingly miss present information to convince investors that ongoing projects have promising future. Thus, the occurrence of this phenomenon among managers will cause them to try to reduce the disclosure of voluntary information to investors and other shareholders by using different methods.

The main purpose of the present research is to study the relationship between financial position of competitors in the product market and the quality of information disclosure in companies which are member in Tehran Stock Exchange. The research also examines the interactive effects of company size, company profitability, and the percentage of institutional stockholders on the relationship between the financial position of competitors in the product market and the quality of information disclosure. The dependent variable of research, the quality of information disclosure and independent variables include the financial position of the company in the product market relative to the industry's competitors, the interactive effect of the company size with the financing limit, the interactive effect of profitability with the financing limit and the interactive effect of the percentage of institutional stockholders with the financing limit. To test the research hypotheses, the historical data of 1390-1395, as for 75 companies accepted in Tehran Stock Exchange and the panel regression analysis were used. The results of the research show that the greater the company's financial constraints become, the more the disclosure of information decreases. Indeed, increasing in debt and the consequent lack of competitive ability of the company, disclosure of information is reduced. The results also indicate that company size and profitability have been able to affect the relationship between high financial constraints and the quality of information disclosure, while the percentage of institutional stockholders has no effect on the relationship between high financial constraints and disclosure quality.

The purpose of this paper is to investigate the relationship between disclosure of social responsibility information and the accuracy of managers' prediction in firms listed on the Tehran Stock Exchange. According to the hypothesis of transparent disclosure based on the stakeholder theory, these two variables have a positive relationship and according to the hypothesis of opportunistic disclosure based on agency theory, the relationship between these two variables is negative. The study period includes the years 2012 to 2016 and the selected sample consists of 89 companies listed on Tehran Stock Exchange. We used in order to test the hypothesis of the research, also the least squares regression method. The results show that there is a positive significant effect between the disclosure of social responsibility information and the accuracy of managers' prediction, which confirms the hypothesis of transparent disclosure of stakeholder theory.

The purpose of this study is to investigate the effect of the level of firm growth rate on the relationship between voluntary and mandatory disclosure of information and firm stock risk premium.

The sample of research includes 130 companies listed on the Tehran Stock Exchange from 2010 to 2018. The research results have been separately analyzed at in the period of boom and bust of the capital market. In order to determine the capital market cycle Hudrick-Prieskat filter was used and multivariate regression model and generalized least squares method was used in order to test the main research models and the hypothesis.

The results of the study showed that the level of firm growth rate is effective on the relationship between voluntary disclosure of information and firm stock risk premium, when for information voluntary disclosure from the criteria of management forecast timeliness of midterm earnings (3 months, 6 months and 9 months) and management forecast bias of midterm (3 months, 6 months, 9 months) and annual earnings and for firm stock risk premium from criteria of implied risk premium is used. The results of the study also show that the level of firm growth rate affects relationship between voluntary disclosure of information and firm stock risk premium only in the period of boom and bust of the capital market, when for information voluntary disclosure from the criteria of management forecast bias and accuracy of midterm (3 months, 6 months, 9 months) and annual earnings and for stock risk premium from criteria of risk premium based on the firm characteristics. Regarding the mandatory disclosure of information, the research results indicate the effect of the firm growth rate level on the relationship between mandatory disclosure of information and stock risk premium based firm characteristics at the general level of the sample and the period of boom and bust of the capital market.

Firm growth is an important and influential factor on the relationship between information voluntary and mandatory disclosure and different criteria of stock risk premium. Also, the relationship between information voluntary and mandatory disclosure and different criteria of stock risk premium in the period of boom and bust of the capital market is different. Also, the effect of information voluntary disclosure, compared to mandatory disclosure, on risk premium is different, so that in relation to voluntary disclosure this effect is significant and to mandatory disclosure this effect is less.

The purpose of this study is the comparison of the effect of different models of social responsibility's information disclosure on companies’ financial constraints' reduction. Disclosure of information about the company’s social responsibility makes a positive image of the company on stockholders. Since the actions in accordance to financial constraints may pose a risk of stockholders' revenue, it is expected that in order to satisfy the stockholders, the company managers who are mostly trying to remove the financial constraints pay more attention to social responsibilities of the company.In this research 1000 years-company and the data collected from companies listed on Tehran Stock Exchange in year's 1388 to 1397 were observed. The results show that the social responsibility’s information disclosure based on the model of Carol, Willis, and Lantus has a negative and logical effect on companies’ financial constraints; but it doesn't have any logical effect on companies financial constraints based on the model of Conchay and Chopra. Besides the findings proved that the model of Carol has the most and the model of Conchay and Chopra has the least impression on reducing the financial constraints.

Disclosure of information includes management analysis, financial reporting accompanying notes and supplementary reports. Various theories have been used to explain the disclosure. These theories are representation theory, the theory of signification, the theory of capital need, the theory of legitimacy, and the theory of political costs. Disclosure of information can be used to reduce costs, reduce information asymmetries between companies and providers of financial resources, and reduce political costs. Industrial spy means spying for the discovery of the secrets of a rival industrial company, manufacturer, and so on. In industrial spyware, they are acquiring industrial and economic knowledge or practically supporting the actions of companies and industrial centers active in this area. Economic information; Competition factor; Reduce research and development costs. Economic spy operations lead to the production of economic information. if companies disclose less information, signaling theory is regarded as bad news and negatively affects stock prices. If volunteering provides more information according to the theory of espionage, according to industrial spy phenomena, different companies and companies The rival, use this disclosure of information for their own purposes. In this paper, first, theories that affect the disclosure of accounting information, then describe the spy industry and its effects on the economy, and finally a conceptual model is presented.

There are many factors in the transparency of financial information, the most important and most effective of which are financial components. In this research, we merely consider financial insurance agents in transparency of financial information because of, insurance accounting specific nature.The purpose of this study was to investigate the effective relationship between financial insurance factors and financial information transparency of the insurance industry.To determine the final financial components of insurance, experts of the insurance industry were consulted and a researcher-made questionnaire was used to collect data.The research sample consisted of 151 managers and experts in the insurance industry selected by random sampling method. The realm of this research is 2017 and city of Tehran. One-sample t-test was used to analyze the data in a small phase.The results indicate that financial insurance factors have a meaningful relationship with the transparency of financial information in the insurance industry, but violations were also found in the research components.The results of the ranking showed that the disclosure of leverage ratios and deferred loss accounts has the highest degree of significance.

This study examines the bilateral (two-sided) relationship between information disclosure with stock price synchronicity and the crash risk of falling stock prices in the companies listed in the Tehran Stock Exchange, TSE, in the period 2008 to 2015. Data was collected by documentations review and referring to databases, and the data analysis was inferential. To test the research hypotheses, the system of simultaneous equations by two-stage estimation method was estimated. The results of the estimation indicated there is a bilateral relationship between information disclosure with stock price synchronicity and crash risk of falling stock prices in the TSE. The verified bilateral relationship is compatible with the agency and signaling theories. The agency theory implies that the increase in disclosure level results in decrease in information asymmetry and in crash risk of falling stock price, and rise in control or governance over performance and in investors trust. Also, the signaling theory suggests with regard to increase in the crash risk of falling stock prices, managers attempt to release good news and to delay publication of bad ones.

The aim of this study is to investigate the relationship between the quality of the audit committee and the corporate social responsibility disclosure level. Social responsibility is including a set of tasks and commitments that the company needs to do for maintaining, care and assistance to the community in which it acts. It has used from Mishra and colleagues to evaluate corporate social responsibility disclosure level in this study and from the proposed variables of Personz and Rouhana and co-workers and Hysham and colleagues to assess the impact on the quality of the audit committee disclosure. The period of study is from 2011 to 2015 and the sample is consists of 67 companies listed on the Tehran Stock Exchange. It was used from ordinary least squares regression method to test research hypotheses.  The results of hypothesis testing showed there is a significant positive relationship after controlling for factors including size, ratio of book value to market value of equity and systemic risk, the audit committee independence, expertise of the members of the audit committee and the audit committee with the disclosure of corporate social responsibility; Also, there is a positive relationship between the number of members of the audit committee and the disclosure of corporate social responsibility which is not significant. According to the research findings, it is claimed to increase the quality of the audit committee, the corporate social responsibility disclosure level is increased. As a result, it is suggested that companies increase the level of social responsibility that is an important issue, pay special attention to the quality of the audit committee.