Effectiveness of Revised Iranian Accounting Standards No.19 (Business Combination)
Ali
Saghafi
Professor, Allameh Tabataba'i University, Iran.
author
Ali
Rahmani
Professor, Al-Zahra University, Iran.
author
Mahmood
Langari
Ph.D. in Accounting, Allameh Tabataba'i University, Iran.
author
Masoud
Gholamzadeh Ledari
Ph.D. in Accounting, Allameh Tabataba'i University, Iran.
author
text
article
2019
per
In this research, with different stakeholder’s participation (included 148 people: enterprise Chief financial officer, expert external auditors, Chief investment officers and university professors) it has been tried to consider the effectiveness of revised Iranianaccounting standards No.19 (Business Combination) with survey in different aspects. The results show, in general, the requirements which led to revise the accounting standard NO.19, has been resolved and moreover important issues which existed in pooling of interest method has been resolved. Although in stakeholder’s view the appliance of revised standard is operational, there are several fields in comparability and reliability which have the potential to be improved and revised. Furthermore, the information of business combination based on the revised accounting standard NO.19 prepared for users would be useful. What's more, the benefit of accounting methods which are required in the last version is more than the cost of changing users analysis.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
5
30
https://www.iaaaar.com/article_98846_f3523cad023d50158ea1258043960c37.pdf
The Investigation of Mechanisms to Prevent
Stock Price Crash Risk
Farzaneh
Nasirzadeh
Associate Professor of Accounting, Faculty of Administrative and Economic science, University of Ferdowsi of Mashhad, Iran.
author
Mohammad Hossein Z
olfaghar Arani
Ph.D. Student of Accounting, Faculty of Administrative and Economic science, University of Ferdowsi of Mashhad, Iran.
author
Javad
Rajabalizadeh
MSc. Student of auditing, Faculty of Administrative and Economic science, University of Ferdowsi of Mashhad, Iran.
author
text
article
2019
per
Purpose: The purpose of this study is achieving empirical evidence related in the factors for preventing the stock price crash risk. Accordingly, we investigate financial reporting policies and capabilities of the independent auditors, two key areas affecting economic outcomes. To measure the company's financial reporting policies, we applied financial reporting transparency and accounting conservatism and to measure auditor capabilities, we used auditor tenure and auditor industry specialization. Methodology: in this article, we use semi-empirical method based on information released by listed companies in Tehran Stock Exchange, in the period 1388 to 1394 and we use 113 firms for final analyses. In order to test the hypotheses, we use generalized linear regression and logistic regression. Findings: The results show that the client auditor industry specialization has significant negative relationship with all three risk factors. Also, any significant relationship was observed auditor tenure and the first two first stock price crash risk and positive relationship between auditor tenure and the third factors stock price crash risk was shown. There are significant negative relationship between the degree of accounting conservatism and the first two factors of risk. Also, there are significant negative relationship between financial reporting transparency and second and third factors. Contribution: This study give some of the mechanisms to shareholders and managers to reduce the stock pricescrash risk and is introduced three instruments including the auditor industry specialization, financial reporting transparency and accounting conservatism to control stock price crash risk.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
31
52
https://www.iaaaar.com/article_98847_df14c08323ed22047804d1aebf41a752.pdf
The Relationship between Managerial Overconfidence and Restatement of Financial Statements
Ghasen
Bolo
Associate professor of Accounting, Faculty of Management and Accounting of Allame Tabatabaee University, Iran.
author
Masoud
Hasani Alghar
Faculty of Accounting, Bozorgmehr Ghaenat University.
author
text
article
2019
per
When firms correct the mistakes of the previous periods or change accounting procedures, they must restate their comparative financial statements. Restatement of financial statements has a negative impact on the relevance and reliability of financial information. It can lead to numerous negative consequences for investors and other stakeholders. The importance of restated financial statement justifies the efforts made to identify its determining factors. Overconfidence is one of the most important characteristics of managers that may lead to provide false financial statements. This article aims to study the effect of managerial overconfidence on the restatement of financial statements. The sample size consisted of 117 listed firms in Tehran Stock Exchange (TSE) from 2008 to 2014. Two measures based on the investment decisions of managers were employed to measure the managerial overconfidence. Since most Iranian firms restate their financial statements, this article studies the effect and severity of managerial overconfidence on restatement of financial statements. The severity of restatement is operationalized by the level of the restated net earnings. In order to achieve the objectives, two hypotheses were designed. For hypothesis testing, logistic regression and multivariate linear regression methods were employed. The results of hypothesis testing show that managerial overconfidence significantly leads to the increase in frequency and severity of restated financial statement. Findings also show that larger firm size leads to reduced restated severity.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
53
70
https://www.iaaaar.com/article_98848_07663e985dc9994ceda5bd54e2be5e19.pdf
Effect of Corporate Ownership Type on the Relationship between Earnings Management and Audit Fees in Listed Companies in Tehran Stock Exchange
Saeed
Jabarzadeh Kangarloue
Associate Professor of department of accounting, Urmia Branceh, Islamic Azad university, Urmia, Iran.
author
Asghar
Damirchi
Master Student of Accounting, Islamic Azad university Urmia Branch, Iran.
author
text
article
2019
per
This study aims to investigate Effect of corporate ownership type on the relationship between earnings management and audit fees in listed companies in Tehran Stock Exchange. The Study lasted from, 2004-2014, and 99 companies have been chosen. To analyze data Panel (Pooled), the multiple regression models were used in EViews software. Independent variables used in this study consist of earnings management based on modified Jones Indexes, Kothari and Kaznyk. The dependent variable of this study, the audit fees. In this study, the variables controlling the rate of growth, investment opportunities, firm size and financial leverage and moderating variable type of corporate ownership (Dummy) was also used. The results show that different measures of earnings management (discretionary accruals) on audit fees Company are effective. However, in private firms with majority ownership, despite the high level of earnings management based on different criteria, the audit cost is significantly low. Also, the effect of firm size on audit fees is positive and the significant impact of the investment opportunities and ownership of the company's audit fees, is negative and significant.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
71
88
https://www.iaaaar.com/article_98849_72cef8d6d5ccec6666d86c7a1f1597e9.pdf
The Impact of Aggressive Real Earnings Management on the Value of Firm Cash Holdings
Seyed Ali
Hosseini
Professor of accounting, Alzahra university, Tehran, Iran.
author
Sepideh
Zand
Master of accounting, Alzahra university, Tehran, Iran.
author
text
article
2019
per
As real earnings management is a popular management behavior, managers distract from normal business practices for financial reporting purpose and impact cash. according to cash assets are important for investors to predict the value of firms aggressive real earnings management activities can affect the value that investors place on cash assets. therefor in this research investigate when management use aggressive real earnings management What will effect on the value of firms cash holdings. For this purpose, sample of 102 companies during the years from1391 to 1396 was surveyed among listed companies in Tehran Stock Exchange. In order to provide accurate analysis, multiple regression was used with a combination of data model to test the hypotheses test. The results of the research indicate that there is a negative and significant relationship between the aggressive real earnings management index and the value of cash holdings with abnormal stock returns. This means that when the aggressive real earnings management increase, the stockholders evaluation of firms cash holdings is decreases.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
89
106
https://www.iaaaar.com/article_98850_3c6cc8bb419ec26bcaaf1a2230934d14.pdf
Using DEA Model to Measure the Effect of Mutual Funds Capital Flows on Capital Market Technical Efficiency
Afsaneh
Tavangar
Assistant Professor, Faculty Member ,Accounting Group, Faculty of Economic and Accounting, Islamic Azad University-Central Tehran Branch, Iran.
author
Mohammad Esmaeil
Khabbazzadeh
Phd student in Accounting, Iran.
author
text
article
2019
per
In this research، we studied the effect of capital flows of Mutual Funds on Capital Market technical efficiency by using DEA (Data Envelopment Analysis) for 22 Mutual Funds listed in Tehran Stock Exchange during the years 2010-2014. We considered mutual funds’ trade volume and total assets as input variables, as well, market value and stock index as output variables. The results of the multivariate regression test proofed and specified existence of a positive and significant relationship between capital flows measures such as Issued Flow, Redemption Flow and Net Flow of Mutual Funds with Capital Market Technical efficiency.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
107
124
https://www.iaaaar.com/article_98851_c184c12f0af6ba8cd446474b2093b3b9.pdf
Investigating Time Varying Herd Behavior: A Markov Switching Approach
Seyed Mojtaba
Mirlohi
Assistant Professor of Shahrood University of Technology, Iran.
author
Seyed Mohammad
Hosseini Beheshtian
PhD Student of Financial Management, Kish International Campus, University of Tehran. Tehran, Iran.
author
Reza
Tehrani
Professot of Financial Management, Tehran University, Tehran, Iran.
author
text
article
2019
per
The main objective of this paper is to investigate the herd behavior in Tehran Stock Exchange. To this end, the daily data for all stocks in the market in the period between December 2008 and December 2017 has been used. For assessing herding, the nonlinear version of Chang, Cheng and Khorana (2000) model has been estimated using Markov Switching method. For comparison, we first estimated Chang, et.al. (2000) linear model and then estimated the nonlinear version (Time Varying). The results of linear model show no herding in the market, but results of time varying model indicates that in some periods, market has experienced herd behavior. Results also show that nonlinear model has much better fit on data and consequently accurate results.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
125
142
https://www.iaaaar.com/article_98852_db3c98e3667526fea563a23deb293fc6.pdf
Examining the Association between Audit Quality and Discretionary Accruals in Highly-Valued Equity
Arash
Tahriri
Assistant Prof., Faculty of Management, University of Tehran, Tehran, Iran
author
Maryam
Rasouli
MSc. in Accounting, Faculty of Management University of Tehran, Iran
author
Elham
Vali
MSc. Student in Accounting, Faculty of Management University of Tehran, Iran
author
text
article
2019
per
The purpose of this paper is to examining the association between discretionary accruals as measure of earning management in highly valued equity as client that its price-to-earnings ratio is in the highest P/E quintile and audit quality measured by audit firm size and audit tenure variables. We categorized audit firms to large audit firms and other audit firms and categorized audit tenure to four years audit tenure and shorter than four years audit tenure. To test this assertion, we regress discretionary accruals on: controls, a highly valued equity indicator variable, indicator variables measures of audit quality, and interaction terms between the highly valued equity indicator variable and audit quality indicator variables for years 2008-2012. Results of tests show no significant coefficients for each of the highly-valued equity-audit quality interaction terms, suggesting that when a firm is highly valued, high quality auditors have not decreasing effect on accruals.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
143
158
https://www.iaaaar.com/article_98853_36076913307825d37fe57709f9bc97f9.pdf
Information Asymmetry, Cost of Capital and Disclosure Quality
Mahboubeh
Khodapanah
Sama technical and vocational training college, Islamic Azad University, Shiraz Branch, Shiraz, Iran.
author
Ekram
Darzi
Master of accounting, Islamic Azad University, Tehran, Iran.
author
Farima
Noravesh
Master of accounting, Lund University, Sweden.
author
text
article
2019
per
Information asymmetry occurs when the interest of one party exceeds the others. Investors generally seek to invest in companies with the lower information asymmetry and higher disclosure quality. Undoubtedly, when the gap of interests between institutional shareholders and the other stakeholders is low, the information will be fairly disclosed. Information asymmetry and disclosure quality plays the important role in investment decisions. The purpose of this research is to investigate the relationship between information asymmetry, cost of capital and disclosure quality, using analytical study. In doing so, the financial information of 107 listed companies in Tehran Stock Exchange during the period of 2010-2015 has been investigated. The results show that there is a meaningful and direct relationship between the information asymmetry and cost of capital. Also, we conclude that the relationship between the disclosure quality and cost of capital is meaningful and reverse.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
159
176
https://www.iaaaar.com/article_98854_b9b7a00a4f6f2840b6e69cefe1d6747b.pdf
The Relationship between Social Conservatism and Accountants and Auditors Ethical Orientation
Mitra
Dorraji
M.Sc student of accounting IAU branch of Karaj, Iran.
author
Bahman
Banimahd
Associated professor of accounting department IAU branch of Karaj, Iran.
author
Azam
Shokri
Assistant professor of accounting department IAU branch of Karaj, Iran.
author
text
article
2019
per
This research investigates the relationship between social conservatism with accountants and auditor’s ethical orientation. Theoretical materials of this study have been prepared via archival studies and while research data was gather via a inquiry-based approach. The research hypothesis have been investigated by non-parametric and multivariate regression. The results show that there is a significant relationship between social conservatism and idealism. But there is not relationship between social conservatism and relativism. Also there is a significant relationship between the occuption, the office place and gender with the social conservatism level. We found that the social conservatism level in auditors are more than accountants and women are less conservative than men. Also the social conservatism in both auditors and accountants in public sector are more than private sector.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
177
192
https://www.iaaaar.com/article_98855_a986d9fc8394b29ca3a4b04e48ecfc51.pdf
The Impact of Effective Tax Rate on Capital Structure, Investment Decisions and Dividend Profit
Fatemeh
Rahnama
Master of accounting, accounting group, Tabriz branch, Islamic azad university, Tabriz, Iran.
author
Yunes
Badavar Nahandi
associate professor Of accounting, Tabriz branch, Islamic azad university, Tabriz, Iran.
author
text
article
2019
per
The effective tax rate is one of the most important financial issues which companies has been faced it and due to it's impact on net profit figure, the mentioned problem can affect the decision making of the company related to financial and investment policies. The aim of this paper, it's study the effective tax rate on capital structure, investment decisions and dividend profit. Population of this study is the total accepted companies in Tehran Stock Exchange, that among them 94 companies were selected as sample through the Screening sampling and period of research is between 1388-1393 is . For data analysis of this study multivariate regression was used. The results of research show that the effective tax rate on debt ratio (financial leverage) has a negative impact. The effective tax rate also doesn't have any impact on long-term debt and investment decisions and.
Accounting and Auditing Research
Licence Holder
Iranian Accounting Association
Director & Editor-in-chief
Ali Saghafi(PhD)
Director & General Secretary
Naser Partovi
Editorial Assistant
Maryam Asgharzadeh Badr
2251-8428
11
v.
42
no.
2019
193
210
https://www.iaaaar.com/article_98856_aa9eb1785fbd670e81890c8072bd7f57.pdf