The Examining the Effect of Firm Growth on the Relationship between Discretionary Accruals with Stock Return
Considering the importance of discretionary accruals in reporting and its influenceon stock return, and also growth opportunities and information assymetry in highgrowth companies, it is expected that management of high growth companies haveincentives to use discretionary accruals for signaling posi...
| Format: | Article |
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| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2016-12-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_7738_983cc61327039e27a2e24a2d48726048.pdf |
| Summary: | Considering the importance of discretionary accruals in reporting and its influenceon stock return, and also growth opportunities and information assymetry in highgrowth companies, it is expected that management of high growth companies haveincentives to use discretionary accruals for signaling positive fiture performance ofthe firm. The purpose of this study is to investigate the impact of growth changes onstock return sensitivity to discretionary accruals, positive accruals and the quality ofaccruals. The study is performed in TSE listed companies and 192 companies databetween 1388 to 1394 were selected. The coefficient and multivariate regressionwere used for hypothesis testing. The results revealed that the sensitivity of stockreturn to discretionary and positive accruals and accruals quality is high for highgrowth companies compared to low growth ones. |
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| ISSN: | 2821-0166 2538-2519 |