Analyzing Earning Management, Using Classification Shifting Operating to Non-Operating Expenses at the Middle Fiscal Periods
Seyed Abbas
Hashemi
دانشیار گروه حسابداری دانشگاه اصفهان
author
Hamed
Rabiee
کارشناسی ارشد حسابداری دانشگاه اصفهان
author
text
article
2013
per
The purpose of this research is to determine that in which quarters or under what conditions, management has more motivation to use earnings management by Classification Shifting Operating to Non-Operating Expenses. In line with Research purposes, three main hypotheses and two sub-hypotheses have been developed. Univariate and multivariate regression model and the combined data were used for data analysis and hypothesis testing. For this purpose, from the companies listed in Tehran Stock Exchange during the 1384 to 1388, 980 Year - quarter - company were selected as samples. The results of this study suggest that the classification shifting expenses is more pervasive in fourth quarter in comparison with other quarters. In the quarters that ability of the managers are limiting to manipulate accruals, they have not more motivation to classification shifting expenses. The managers are motivated to use this type of earnings management to overcome the previous year-quarter operating earnings. At the end, the classification shifting expenses is not more pervasive in the quarters that operating earnings is negligible in comparison with other quarters.
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.
18
no.
2013
4
17
https://www.iaaaar.com/article_104541_51a4a7fcaaebf50e0f5a9383a6d2164a.pdf
dx.doi.org/10.22034/iaar.2013.104541
The relationship between conservatism and value relevance of accounting information in the Tehran Stock Exchange
Shahnaz
Mashayekh
استادیار گروه حسابداری دانشکده علوم اجتماعی واقتصادی دانشگاه الزهرا(س)
author
Marzieh
Hejrani Jamil
دانشجوی کارشناسی ارشد حسابداری دانشگاه الزهرا(س)
author
text
article
2013
per
This research investigates the effect of conservatism on the value relevance of accounting information. In this study for quantifying the conservatism from the Basu model and for quantifying information value relevance of accounting from both the return and price models were used. The financial data of 90 companies listed in Tehran Stock Exchange for the years since 1385 to 1389 collects and hypotheses investigates using multiple regression, Cramer z-test and Wald test. Research findings, while confirming the observation of conservatism in Iran, shows that moving from companies with low level of conservatism to Companies with high level of conservatism, increase the value relevance of accounting information. Also the results of the process of conservatism and value relevance of accounting information in the during this period, using the price model, indicates with increase the level of conservatism, value relevance of accounting information increases, but Such behavior wasn’t observed in the return model.
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.
18
no.
2013
18
31
https://www.iaaaar.com/article_104542_d2c534bd15a88328afe9fd35c32dfdf4.pdf
dx.doi.org/10.22034/iaar.2013.104542
Evaluating and measuring the quality of reported earnings by firms listed in Tehran Stock Exchange
Hamidreza
Vakilifard
استادیار گروه حسابداری و مدیریت دانشگاه آزاد اسلامی- واحد علوم و تحقیقات تهران
author
Aliakbar
Ramezani
دانشگاه آزاد اسلامی واحد قائم شهر، گروه حسابداری، قائم شهر، ایر ان
(دانشجوی دکتری حسابداری-واحد علوم و تحقیقات تهران)
author
text
article
2013
per
Purpose: So far, many researches have been done to assess the quality of firm’s reported earnings. However, neither the measuring problem of earnings quality is solved nor a unanimously accepted criterion is presented. The purpose of this study is to measure the earnings quality of the companies listed in Tehran Stock Exchange.
Methodology: This study examined 130 listed companies. Earnings quality was assessed using three criteria: Leuz et.al(2003), Barton and Simko(2002) and Penman (2001). At the end, in this study, the final judgment was done by consensus among the three criteria. In the other words, if there were complete consensus between the results of three criteria, then we judge about the quality of earnings. Otherwise, researchers didn’t offer any judgment.
Findings and results: data analyzing showed that: first, in the significant part of the companies, there aren’t consensus among the three criteria. Second, in cases which there are complete consensus among the three criteria, the consensus is on the high quality. Research result is: in Tehran Stock Exchange, for judging and decision making about the firm’s earnings quality, it is better to use several criteria rather than using one criterion.
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.
18
no.
2013
32
41
https://www.iaaaar.com/article_104543_5ecf67d43ef97f229453256916ae098c.pdf
dx.doi.org/10.22034/iaar.2013.104543
Comparing Efficiency Free Cash Flow Models in Valuing Companies
Hossein
kazemi
دکتری حسابداری از دانشگاه علامه طباطبایی و استادیار دانشگاه رجاء قزوین.
author
Ali
Jahangiri livari
کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد قزوین.
author
text
article
2013
per
The main objective of this paper is to comparing efficiency Kapeland, Lehn and Poulsen, and Verdi free cash flow models in company valuation. To valuation of company we use three models, that are discounted free cash flows, Ohlson’s residual income and Ohlson’s adjusted Model. To test hypothesis of the study we use a sample of 85 listed companies on Tehran Stock Exchange over a seven- year period (2004-2010). The results show that Ohlson’s adjusted model have more explanation power than other Models, and Free Cash Flow from Lehn and Poulsen, Verdi and Kapeland models respectively have more efficiency at Ohlson’s adjusted model to determining stock market value.
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.
18
no.
2013
42
55
https://www.iaaaar.com/article_104544_34cdbff75e1cf6f769bdf320bce0f32c.pdf
dx.doi.org/10.22034/iaar.2013.104544
The role of Accounting Information System in decision making process of NIGC managers
Ali Mohammad
Ghanbari
استادیار گروه حسابداری دانشگاه صنعت نفت
author
Narges
Sarlak
استادیار گروه حسابداری دانشگاه قم
author
Mehdi
Hashemi
کارشناسی ارشد حسابداری
author
text
article
2013
per
With respect to the significant of management decision making on the basis of comprehensive and accurate information of a flexible accounting system, this study try to review “the role of Accounting Information System in decision making process of National Iranian Gas Company (NIGC) managers”. For this purpose some hypotheses have been designed in order to investigate using of accounting information by managers in the area of cost management, capital and cash budgeting, financial analysis and performance evaluation of different sections of the company. The study has been done for parent company (NIGC) and its subsidiaries during 2011. Required Data was gathered by questionnaire, interview, and library search. To test hypotheses, one sample t-test was used.
The results indicate that the managers use the reports of accounting information system only in cash budgeting and the decision making in the other fields is not affected by these accounting reports.
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.
18
no.
2013
56
73
https://www.iaaaar.com/article_104545_12bd5bf27f7d9bbaf2dfd7ec803662be.pdf
dx.doi.org/10.22034/iaar.2013.104545
the combinations of cash flow components and predicting financial distress in Tehran stock exchange
Gholamreza
Mansourfar
استادیار علوم مالی دانشگاه ارومیه
author
Farzad
Ghayour
مربی حسابداری دانشگاه ارومیه
author
Behnaz
lotfi
کارشناسی ارشد حسابداری دانشگاه ارومیه
author
text
article
2013
per
Distinguishing the meaning of financial distress and bankruptcy, this research attempts to predict financial distress through combinations of cash flow components among the listed firms of Tehran Stock Exchange. Contrary to the previous researches that make use of article 141 commercial code to separate bankrupt from non-bankrupt companies, in this research distressed companies are identified through representing of new financial signs. The process of financial distress prediction is done by warning of positive or negative sign of the components of operating, investing and financing net cash flows.. For this end, binary logistic regression models for 59 distressed and 59 non-financially distressed firms for the period between 2002 to 2011 is used. The results indicate that some combinations of cash flow components would be useful in evaluating companies’ performance and predicting financial distress.
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.
18
no.
2013
74
87
https://www.iaaaar.com/article_104546_d2ff9c215342b33f43d0acfb8b6bdc06.pdf
dx.doi.org/10.22034/iaar.2013.104546
The Effect of Audit Opinion Type on Stock’s transaction volume in Tehran Stock Exchange
Mohammad
Noorzad Dolatabadi
استادیار دانشگاه آزاد اسلامی واحد تبریز
author
Jahangir
Jodeiri Naggashkar
کارشناس ارشد حسابداری
author
text
article
2013
per
This study is conducted for evaluating the effect of audit opinion type on turnover, in order to investigate information content of unqualified and qualified audit opinion. For this aim, we examined a sample of companies listed on the Tehran Stock Exchange by using [-7, +7] and [-15, +15] event windows around annual general meeting for the period 2001–2007. Based on the conclusion of this study, although numbers of qualified audit opinion were more than unqualified, evaluation of effect of audit opinion on turnover, revealed no difference between unqualified and qualified audit opinions. These results indicate that although,in general, market may make difference between audit opinion but this difference can not change transaction volume.
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.
18
no.
2013
88
103
https://www.iaaaar.com/article_104547_2bf197ed778faff771dad3704104af26.pdf
dx.doi.org/10.22034/iaar.2013.104547
Analysis IPO short run return at Tehran stock exchange and subsequent equity offering based on signaling hypothesis
Daryoush
Damori
استادیار دانشگاه یزد، دانشکده اقتصاد، مدیریت و حسابداری
author
Leila
Sheikhpour
کارشناس ارشد رشته مدیریت بازرگانی گرایش مالی
author
text
article
2013
per
In most countries IPOs pricing is under intrinsic price that means IPOs has abnormal return in short run .one of the hypotheses in financial economics for explaining of this problem known as IPOs puzzle is signaling theory.
This study to discover the relation between underpricing and subsequent equity offering and Factors affecting the under pricing, of the new company's stock accepted in Tehran Stock Exchange has been. Research of time period is Ten-year (from 1378 to 1387). The study includes all companies listed in Tehran Stock Exchange. Analysis results from multiple linear regression and logit, tobit regression has been done.
The results show that signaling hypothesis and market feedback hypothesis is not supported .At the test of adverse selection theory the only factor influencing the under pricing is the standard deviation of weekly returns.
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.
18
no.
2013
104
117
https://www.iaaaar.com/article_104548_91afe0936614e95a56393dd46b983345.pdf
dx.doi.org/10.22034/iaar.2013.104548
Studying Mechanism for Stimulating Investment Process on Tax at Industrial Companies of Islamic Republic of Iran
Farhad
Hakimi
دکترای مدیریت بازرگانی ، رئیس گروه مالیاتی مودّیان بزرگ و مدرّس دانشگاه
author
text
article
2013
per
Direct Tax Amendments Act of 1380 passed by Parliament, One of the fundamental questions in the reform of the tax law of each country is, Does the new law affect the growth rate of investment is better? Therefore, this study attempts to answer this fundamental question.
Therefore the information on the Tehran Stock Exchange as representative of the industry in the period 1384 to 1388 and F tests and Housman’s conclusion that regardless of the circumstances prior to the amendment and tax breaks in the Industrial Sector, The new law does not play a decisive role in the investment rate In contrast, factors such as interest rates, Growth rate of housing prices, exchange rates, etc. are far more effective
Considering the economic ups and downs of the economic conditions explained, Tax Strategies factors have been proposed to thereby stabilize after Comprehensive studies of consolidation and other factors can be summed up in a package of fiscal policy to achieve.
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.
18
no.
2013
118
130
https://www.iaaaar.com/article_104549_f94a81b248cf40feb766a6cd76a2e711.pdf
dx.doi.org/10.22034/iaar.2013.104549