Effect of extraordinary items on value relevance of earnings and income smoothing
Seyed Hossein
Sajadi
Associate professor of shahid chamran university
author
Mehdi
Arabi
Member of Scientific Staff of Mahshahr Islamic Azad University
author
Fatemeh
Yademellat
M.A of Accounting
author
text
article
2013
per
The purpose of this research is investigation of income smoothing by use of extraordinary items in the context of companies listed in Tehran stock exchange. Income smoothing is intelligent reflect that use by manager for decreasing of periodical Volatility of earnings. In this research, population is 96 firms listed in Tehran stock exchange that are analyzed for the period of 2003-2009 by using of the Pooled Data system and Ordinary Least Square Regressions (OLS) Model. Research has tow hypothesis. The results show that firms of sample use extraordinary items for smoothing of income and extraordinary items do not increasing value relevance of earnings.
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
5
v.
17
no.
2013
4
17
https://www.iaaaar.com/article_104550_d508e48c318d52c8ec0ea93db64e444b.pdf
dx.doi.org/10.22034/iaar.2013.104550
The Effects of Corporate Governance on Intellectual Capital disclosure
Seyed Hossein
Alavi Tabari
دانشیار حسابداری دانشگاه الزهرا( س ) ،ایران
author
Zohreh
Abbas Tafreshi
کارشناس ارشد حسابداری،دانشگاه الزهرا (س) ،ایران
author
text
article
2013
per
tThe purpose of this paper is investigating the relationship between some corporate governance mechanisms and level of intellectual capital disclosure in firms listed on Tehran Stock Exchange during 1387-1389.In this regard,the influence of some indicators of corporate governance(board size ،board composition،CEO duality and existence of internal auditing) on level of intellectual capital disclosure(human capital ,internal structure & relational structure), are investigated by poison panel data regression for 120 firms listed on Tehran Stock Exchange. Findings demonstrated there is not a negative significant relationship between number of directors and level of intellectual capital disclosure ( there is no significant relationship).There is a positive significant relationship between percentage of independent directors and level of intellectual capital disclosure, and a negative relationship between CEO duality and level of intellectual capital disclosure. There is not a positive significant relationship between existence of internal auditing and level of intellectual capital disclosure (there is no significant relationship).
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
5
v.
17
no.
2013
18
33
https://www.iaaaar.com/article_104551_8981ea18161362678444685fafbb8df7.pdf
dx.doi.org/10.22034/iaar.2013.104551
The relationship between firm size and quality of services performed
Abbas
Hashi
عضو هیئت علمی دانشگاه شهید بهشتی و مدیر عامل موسسه حسابرسی هشیار بهمند
author
Komeil
Mazaherifard
کارشناس ارشد حسابداری فارغ التحصیل از دانشگاه شهید بهشتی
author
text
article
2013
per
Audit quality and variables with important effects on it, is one of the interesting subjects that researchers concentrate on it. Important role of auditors in the society with important economic and social outcomes is maybe one of this attention reasons. Auditor size is one of the known effective variables on audit quality. Audit quality is measured by a variety of variables in the literature. Auditor size, earning management, going concern modifications and type of the audit report are some of used variables. Dichotomizing the Big firms from non-Big firms is a method that is frequently used to define audit firm size. In this research that performed on 100 companies in the Tehran Stock Exchange market during the years between 1385 until 1387, we measure the audit quality by the number of modification paragraphs of the audit report. In the other hand four methods is introduced to measure the auditor size and each method is examined in a separate hypothesis. In three hypothesis auditor size is measured by auditor share of the Tehran Stock Exchange market based on total assets, revenue and the number of the clients. In the last method in accordance with previous Iranian researches, Audit Organization assumed as large and other auditors, as small auditors. Results accept first three hypothesizes and reject the last one. In other words when auditor size measured by auditor share of market, it is found effective on audit quality. Results also indicate that audit quality of audit organization does not have a considerable difference relative to other auditors.
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
5
v.
17
no.
2013
34
51
https://www.iaaaar.com/article_104552_cf6341860481f940a951cd78462fbca1.pdf
dx.doi.org/10.22034/iaar.2013.104552
Modified Basu model for estimated conservatism
Mohammad Hossein
Setayesh
دانشیار حسابداری دانشگاه شیراز
author
text
article
2013
per
The present study empirically examines a modified Basu model at the Tehran Stock Exchange. It plans to use three financial variables (size, market to book value of common stock and leverage ratios) to estimate the information asymmetry inherent in the companies' financial reports. Statistical tests at three levels were studied. The results demonstrate the utility of modified Basu model to measure the asymmetry of the profit. Furthermore, the results showed that the explanatory power of the model than the original model has been developed. In addition, results from this study suggest that the impact of good news than bad news on firm performance is faster. The results are inverse for level of debt in capital structure. The study showed that the ratio of market value to book value stocks has the same behavior like leverage ratio.
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
5
v.
17
no.
2013
52
67
https://www.iaaaar.com/article_104553_cf1ae82d2062089e6ba1d1c99cee180f.pdf
dx.doi.org/10.22034/iaar.2013.104553
THE EFFECTS OF RISK ON THE EFFICIENCY OF IRANIAN BANKS BASED ON DEA METHOD
Hosein
Panahian
Faculty Member of the Islamic Azad University of Kashan Branch
author
Hassan
Abyak
Teacher Sabz Institute of Higher Education
author
text
article
2013
per
Two important and essential issues of banking industry are efficiency and risk, and any measure take to improve and promote the efficiency of banking systems leads to the improvement of saving, investment, and allocation of sources, and potential possibilities existing nationwide are employed for the public development and prosperity. On the other hand, top management of banks requires an efficient mode to evaluate the performance and assess the efficiency of branches to rank then. Therefore, this research aims to evaluate the efficiency and ranking of banks and select an optimal model, and recognize the effects of credit, operating and market risks on the efficiency of banks. For this purpose, three banks (Melli, Saderat, and Mellat) have been selected as the statistical population of the research (within the period from 2009 to 2011) for a monthly study during 36 months. In the model of the research, DEA method has been used to study the efficiency of banks. In this regard, the variables including number of branches, volume of bank deposit, and total expenditures, have been selected as the input of the model, and the variables including volume of facilities, and total income has been selected as the output of the model. The technical, managerial, and scale efficiency of each bank has been calculated using DEA model. Moreover, the surplus of production factors and optimal value of input and output has been provided for each bank. To study the effects of these three risks on the efficiency of banks, a model has been developed based on the selected indices using econometric method of ordinary least squares (OLS). The results indicate that the ratio of the dishonored facilities to the total provided facilities selected as the index of credit risk is in significant relation with the 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
5
v.
17
no.
2013
68
85
https://www.iaaaar.com/article_104554_420d26163796a7ef0af279fc374b767f.pdf
dx.doi.org/10.22034/iaar.2013.104554
To Recognize Deterrents and Limitations of Information Dissemination of Registered Securities in Securities and Exchange Organization based on COBIT and SRMM
Ali
Saeedi
Assistant Professor of Finance in Azad University, North Branch (Management and Social Sciences Faculty) a_saeedi@iau-tnb.ac.ir
author
Ali
Abdollahi
PhD in Management and Head of IT Department, Securities and Exchange Organization
author
Fahime
Sharif
Master of Executive Master Business Administration
author
text
article
2013
per
Information is the most valuable asset in Capital Market that has effective role in economic growth of communities; so that market performance is directly depend on rapid and timely information dissemination.
Now, securities issuers in Iran capital market, disseminate investors required information based on Information Technology.
During information transfer from issuers to investors, there are many kinds of deterrents that cause lack of fast and timely information dissemination.
Due to ongoing process, scope of the study was determined; including “IT Governance process” and “Stakeholder Relationship Management”. We use an IT Governance framework “COBIT” and Stakeholder Relationship Management model “SRMM” as maturity assessment and measurements tools, respectively.
This work has tried, by using two internationally accepted maturity models, to investigate the information propagation situation in the two fields just mentioned, so that, in a declared framework, current limitations can be identified.
Accordingly, expert opinions were collected through questionnaire. After comprehensive assessment, the results were compared with higher level maturity. The gap analysis between current and desirable status identifies deterrents as outcome.
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
5
v.
17
no.
2013
86
107
https://www.iaaaar.com/article_104555_f2cfb98736f37f1fe8d5d01c36b6accb.pdf
dx.doi.org/10.22034/iaar.2013.104555
On the relationship between stocks' closing price and liquidity in Tehran Stock Exchange
Mahmood
Yahyazadehfar
دانشیار گروه مدیریت بازرگانی دانشگاه مازندران
author
Hassan
Zarei
کارشناسارشد مدیریت بازرگانی دانشگاه مارندران
author
text
article
2013
per
In this research, the relationship between stocks' closing price and bid-ask spread as a liquidity factor was investigated during the period 2003-2009 using Eviews software. To do so, time-series data were collected annually and applied as panel data. In order to remove the heteroscedasticity, Generalized Least Squares (GLS) method was used. The results showed a positive and significant relationship between stocks' closing price and bid-ask spread. In addition, due to the reverse relationship between Bid-Ask spread and liquidity, there is a negatively significant relationship between stocks' closing price and liquidity.
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
5
v.
17
no.
2013
108
124
https://www.iaaaar.com/article_104556_520390b2a2958f9cecee54aac465b14b.pdf
dx.doi.org/10.22034/iaar.2013.104556
Analysis of Causes increased overdue Receivables sample bank and Strategies to prevent and reduce
Gholamhasan
Taghi Nattaj
Assistant Professor of Imam Hossein University
author
Hamidreza
Najafpoor Kordi
Ph.D Student
author
text
article
2013
per
Undoubtedly, one of the effects and consequences of financial and credit activities is the emergence of outstanding claims. This nowadays is one of the major concerns of banks and other credit institutions, Negative impacts on resources and expenditure cycle has the branches, so that the two perspectives, inside and outside the organization is important. In terms of operating costs, operating efficiency, profitability, levels of customer service, branch, rank, salaries and employee benefits and other quality indicators are strongly influenced by the branches. Terms of external liquidity in the economy is slowly turning the lack of time to devote to optimizing network resources and industrial production, employment, and prosperity of the recession will have. The study will attempt to establish the main causes of the appearance and increase in outstanding claims firstly and then provide recommendations to increase productivity of banks especially sample bank.
For this purpose, a questionnaires was prepared and professional managers of the bank were up 64 people in eight research hypotheses and problems related to deferred comment to the demands of according to the study, data were obtained from a questionnaire survey of non-parametric methods, z and test was used to reject or confirm the hypothesis and Friedman ranking method was utilized to assess the importance of each factor.
Studies revealed that all seven research hypotheses expect hypothesis was confirmed and the results showed that the lack of trained personnel is one of the most important factors in increasing the bank's deferred and after that, the lack of organizational structure and collection officers also lack intelligent tracking system are among the most important factors in increasing deferred and changes in cheque law, lack of proper authentication mechanisms, lack of client rights and lack of a comprehensive system of accounting and control process in order to develop and increase the amount claims outstanding is.
Therefore, the overall results obtained from this study looks although economic conditions and income of the people is important, and though many pending issues that have caused banks within the sample is, and the need for long-term planning for instruction, creating logical mechanisms branches and provincial –level collection and use of methods of authentication are needed more than ever.
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
5
v.
17
no.
2013
124
143
https://www.iaaaar.com/article_104557_85ab3dedd50dabbb4ecd2aa21c26b263.pdf
dx.doi.org/10.22034/iaar.2013.104557
Investigation the relationship between real earnings management and accounting earnings management from income smoothing perspective
Naser
Partovi
عضو هیأت علمی مؤسسه آموزش عالی پرندک
author
Elham
Abshirini
دانشجوی کارشناسی ارشد حسابداری دانشگاه شهید چمران اهواز
author
text
article
2013
per
The purpose of this paper is to investigate the relation between real earnings management and accounting earnings management to smooth earnings. Cash flow from operations as proxy variable of real earnings management and discretional accruals as proxy variable of accounting earnings management has been employed.In this paper a sample data of 110 listed companies in Tehran Stock Exchange during 1380-1387 has been used. To test the hypotheses, proxy variables of real and accounting earnings management estimated by Roychowdhury(2006) and Kothari et.al(2005)’s model has been used. The results show that managers use the two earnings management to smooth earnings and real and accounting earnings management occure simultaneously.
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
5
v.
17
no.
2013
144
160
https://www.iaaaar.com/article_104568_f6563bfe948d0e0814a255bed5c98de2.pdf
dx.doi.org/10.22034/iaar.2013.104568