Aggressive Reporting and Stock Price Informativeness
Javad
Rezazade
author
Atefeh
Bakeshloo
author
text
article
2015
per
The purpose of this paper is to examine empiricaly the impact of aggressive reporting on the stock price informativeness of firms listed in Tehran Stock Exchange. To do this, information about 87 firms during the years 1384 to 1392 have been collected and analyzed. Using stock price synchronicity as proxy for stock price informativeness, results reveals that aggressive reporting damages the ability of stock prices to inform in Iranian firms. Also, results revealed that capital market development (depth and breadth) intensifies the impact of aggressive reporting in reducing stock price informativeness
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
7
22
https://www.arfr.ir/article_50609_6d4f7d848705a30d90ee43202bc74dd7.pdf
Explaining the Role of Corporate Governance on Value Creation with Considering value Based Management
Seyed Hasan
Sajadi
author
Nikoo
Khansari
author
Ramin
Ghorbani
author
text
article
2015
per
Value-based management is an approach for corporate management to create maximum value for shareholders via satisfaction of product market and Stock market. corporate Governance mechanisms leading to increased satisfaction of stock market. according to this The purpose of study is to investigate the role of corporate governance on value creation with considering value based management.
In this study Institutional ownership, Concentration of ownership, board independence are corporate governance Components which affect performance. Therefore, data for companies listed in Tehran Stock Exchange for the period 1384 to 1391 were obtained from the regression model to test the hypothesis combinations were used. The results showed that corporate governance have significant effects on performance. Also Concentration of ownership and board independence has significant and positive effects on performance. The results for the impact of Institutional ownership is significant and negative
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
23
46
https://www.arfr.ir/article_50610_ba400ced0cee48eebd4e72e20cbf0f1a.pdf
Reviewing the Relationship between Financial Reporting Quality and Auditor Opinion in Tehran Stock Exchange
Parviz
Piri
author
Hamzeh
Didar
author
Fatemeh
Daneshyar
author
text
article
2015
per
The issue of financial reporting quality has attracted a lot of attention in recent years. In this regard, the auditor opinion on financial reporting has particular importance. Therefore, the present study examines the relationship between indicators measuring the quality of financial reporting and auditor’s opinion. Indicators measuring the quality of financial reporting include accruals quality, earnings persistence, the quality of disclosure and the accuracy of financial information; in addition the type of audit opinion has been divided into two categories: the unqualified and qualified audit opinion. The population for collecting variables includes the listed companies in TSE between the years 2003 and 2012. Among the listed companies, a total number of 70 companies have been selected as a sample through systematic elimination. The results of panel logistic regression analysis show that there is a significant positive relationship between some of the indicators measuring financial reporting quality such as earnings persistence and the quality of disclosure and the type of audit opinion, indicating that the increase of unadjusted indicators are in line with unadjusted opinions. Furthermore, there is no significant relationship between the accruals quality and the accuracy of financial information and audit opinion.
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
47
74
https://www.arfr.ir/article_50611_3ade65510cb2ef17b093dd242e8c4542.pdf
Investigating the Relationship between Corporate Governance Mechanism and the Reduction of Audit Report Delay for the Companies Listed on Tehran Stock Exchange
Gholam hosein
Mahdavi
author
Somayeh
Hoseininia
author
text
article
2015
per
Investors rely on the newer data in financial decisions. Now than ever before, timeliness of accounting information has become an important issue as a result of phenomenal changes in both modern technology and business practices worldwide, including practices of corporate governance. This paper, investigated the relationship between corporate governance (By four measures consist of board size, board independence, CEO duality and ownership concentration) and the reduction of audit report delay for the companies listed in Tehran Stock Exchange. The sample consists of 64 companies in the period 2005-2012 and for testing the hypothesis the statistical panel data regression was exerted. The results show that there is a negative and significant statistical relationship between CEO duality and ownership concentration with audit report delay. This means that, the separation of roles between the CEO and chairman will improve the quality of financial reporting and reduce the audit report delay and companies with higher ownership, will present their audit report with lower delay. Also, the results show that there is not a statistical relationship between board size and board independence with audit report delay. This means that, board size and independence do not lead to the reduction of audit report delay.
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
75
98
https://www.arfr.ir/article_50612_bbcc93f892747f341eb0e13f8538325d.pdf
The Impact of Accounting Conservatism on Optimization of Investment
Zainab
Mehtari
author
Mohammad
Mohammadian
author
text
article
2015
per
The importance of investment for economic and social growth and development is such an important issue which has changed it to one of the powerful levers of development. But it should be considered that as the close attention to this issue has the ability to cause economic growth and prosperity, overlooking this may result in economic loss. In this regard, one of the influential factors in investment is accounting conservatism. For this reason, in this study we investigate the relationship between accounting conservatism and investment efficiency, to inform managers, investors and professional accounting bodies about high quality of accounting conservatism as a qualitative characteristic of accounting information.
The study sample consists of 100 companies studied between 1381 to 1390. The results reveal that there is significant correlation between accounting conservatism and future investment at corporate level and also at 7 industry groups' level. There have been significant negative correlation between firm size and future investment at company level and chemical, food and pharmaceutical industries; there also have been significant and positive correlation between ratio of market value to book value and future investment at company and wood and textile, chemical, metal and ceramic industries; another result reveals that there have been significant negative correlation between financial leverage and future investment at company level and pharmaceutical and food industries.We can conclude that the more companies are conservative, they have less willing to invest far from optimal levels.
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
99
122
https://www.arfr.ir/article_50613_2d17f8bd7ebb3720d43243b5bc0daba6.pdf
The Relationship between Firm Performance, Corporate Governance and Environmental Disclosure Quality
Halimeh
Rahmani
author
Mobina
Ghahestani
author
Amirhadi
Manavi Moghadam
author
text
article
2015
per
The main purpose of this Paper is to investigate the relationship among firm performance, firm executive system, and environmental disclosure quality. Population of this study includes all firms listed in TSE for 2007 to 2012 among which 137 firms (809 views) are selected as sample after deleting the redundant observations. In this study firm performance, board composition, ownership percentage of institutional investors are considered as independent variables.
Using panel data with random effects, the results of multiple regression model indicated that there was a significant relationship between firm performance and board composition and environmental disclosure quality. Moreover, the results showed that there was a contrastively significant relationship between ownership percentage of corporate governance and environmental disclosure quality. Also, no relationship was found between ownership percentage of stakeholders and environmental disclosure quality of the firm.
Applied Research in Financial Reporting
Audit Organization
2345-3125
3
v.
2
no.
2015
123
146
https://www.arfr.ir/article_50614_163e771c47278c0ad4a5bec846e86064.pdf