جستجوی مقالات مرتبط با کلیدواژه « conditional conservatism » در نشریات گروه « مالی »

Due to contractual demands, litigation costs and legal preferences in banks, the role of conditional conservatism is important in order to increase banking transparency. Also, in the conditions of information asymmetry and financial distress, uncertainty about the quality of loans is reduced, bank managers try to reduce agency costs by increasing the quality of information through conservative reporting and increasing the informing about banks real value. Based on this, the aim of the research is to investigate the effect of information asymmetry and financial distress on relationship between accounting conservatism and loan quality portfolio in Iran's banking system. For this purpose, the data of 15 banks accepted in the Iranian capital market between 2012 and 2020 have been used. The analysis of the results using multiple regression showed that conditional conservatism has increased the loan quality portfolio (increasing the quality of bank assets and reducing the ratio of non-current claims), and informational asymmetry and financial distress with a positive effect have modified and intensified the relationship between conditional conservatism and loan quality portfolio.

The high volume of free cash flow in a business unit can intensify the conflict and mismatch between the interests of managers and shareholders and, consequently, increase the problems of representation between managers and shareholders. Therefore, increasing free cash flows and the consequent tendency of managers to make inefficient use of available resources can increase agency problems, which referred to as free cash flow agency costs. On the other hand, the need for conservative reporting allows the losses from over-investment to identify sooner. Hence, the level of conditional conservatism will increase with increasing representation costs due to free cash flows. The main purpose of this study is to investigate the relationship between the representation costs of free cash flows (surplus or surplus cash) and conditional conservatism in the Tehran Stock Exchange. The results of  tests on 140 listed companies in the Tehran Stock Exchange during the period 2013 to 2018 indicate that there is a positive and significant relationship between additional cash (free cash flow representation costs) and conditional conservatism. In fact, the results showed that the costs of free cash flow representation have a positive effect on conditional conservatism.

One of risks that any investor encounters when entering the capital market, is stock price crash risk. In this paper, we investigate the relationship between stock price crash risk and structure of financial statements, using data from 115 firms in Tehran Stock Exchange at the period of 2001to 2017Solar Hijri, selecting 26 firms or 416annual observations from them and studying 75016 daily stock prices. The results show that, there is a significant relationship between stock price crash risk and the structure of financial statements. This means, the financial statements that prepared more conservatively, will have lower stock price crash risk. In addition, by dividing the stock price returns into two parts, the returns on the company's activity and second part, the returns due to the systematic market risk at95% confidence level, the present study showed that, the major part of the stock price returns during this period, arising from systematic risk changes (fluctuations in some factors like exchange rate and inflation). This is justified by the desire of managers to overcome the situation and financial statements in order to better reflect the circumstances of the company and not provide them conservatively.

This study examines the relationship between accounting conservatism and financial stress in two hypotheses. The research method is descriptive and correlational and to analyze the relation between independent and dependent variables, multiple regression statistical methods were used. Then, to test the research hypotheses, using data on firms listed in Tehran Stock Exchange (TSE) for the period 2005-2014, through the sampling cup, 64 companies were selected as samples. The present results confirm the hypotheses that show the significant negative relationship between accounting conservatism and financial stress in the capital markets in Iran.

The purpose of financial reporting is to present useful information to users. Information is useful if it has qualitative features including reliability and relevance. One of the components of the reliability of information is Conservatism principle. Therefore, the purpose of this study is to investigate the relationship between conditional and unconditional conservatism with financing constraints in companies accepted in Tehran Stock Exchange. To examine this matter, 107 companies listed in Tehran Stock Exchange during the period 2010 to 2014 were selected. In this study, multivariate regression model and data panel were used. The results show that there is a significant and positive relationship between restrictions on financing and conditional conservatism. A significant positive correlation was, also, observed between conservatism and unconditional and financing constraints.

The purpose of this research is to investigate the impact of conditional and unconditional conservatism on distress risk of the companies listed in Tehran Stock Exchange. To quantify the conditional conservatism, the ratio of accumulated non-operating accruals to accumulated total assets and the ratio of net income before extraordinary items to market value of equity were used. For measuring unconditional conservatism, the ratio of total accruals before depreciation to average total assets and the ratio of the book value of common shareholder's equity to equity market value were applied. Distress risk is measured by Altman’s Z'-score and Ohlson's O-Score. In order to achieve the research objectives, two main hypotheses and eight sub-hypotheses have been developed. To test the hypothesis posed in this study, the State software version 9.1 and Eviews version 7 were used. To test the main hypothesis two major general regression models are estimated. Statistical sample is composed of 127 firms between 2000-2009. The result shows that conditional and unconditional accounting conservatism can reduce Iranian company’s distress risk. But this relation is not statistically significant. Therefore, faster recognition of bad news relative to good news (conditional conservatism) and the use of procedures that are inherently conservative (unconditional conservatism) have not created significant and measureable changes in companies’ distress risk.

This paper examines the effect of systematic risk on accounting conservatism. The idea is that in firms with higher systematic risk، managers have higher incentives to delay the recognition of bad news in the hope of future good news. They also face less demand for conservatism from investors and auditors. In this paper، for measuring systematic risk and accounting conservatism، we used Beta from CAPM model and Ball and Shivakumar (2006) model، respectively. Consistent with these arguments، we find a significant and negative association between systematic risk and accounting conservatism using 681 observations (75 firms) from 1380 to 1390. When known determinants of conservatism were controlled، robustness of this association was affirmed. Furthermore، examining the bad news and good news samples separately reveals that the effect of systematic risk on conservatism is likely to originate from delaying the recognition of bad news rather than accelerating the recognition of good news.