Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
This study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researche...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Shahid Bahonar University of Kerman
2014-09-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_723_8a914782e89c649f7ea4f3f834bd0c69.pdf |
| _version_ | 1818420865000275968 |
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| author | Mohammad Namazi Reza Gholami |
| author_facet | Mohammad Namazi Reza Gholami |
| author_sort | Mohammad Namazi |
| collection | DOAJ |
| description | This study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researches suggest that earnings management leads to increase in excess investments of firms (over-investments or under-investments). In this study, the data from 63 listed companies in the Tehran Stock Exchange in the period of 1378-1388 (1999-2009) was collected.
The results indicated that there is a significant relationship between discretionary accruals (as proxy of accrual-based earnings management) and excess investment. This suggests that firm’s investment behavior is influenced by accrual-based earnings management. The results also indicate that there is a significant relationship between discretionary accruals (as independent variable) and firm’s excess investment in the period afterwards |
| first_indexed | 2024-12-14T13:01:15Z |
| format | Article |
| id | doaj.art-8a474a72273c463bb7f2c6af4b64691c |
| institution | Directory Open Access Journal |
| issn | 2008-8914 2476-292X |
| language | fas |
| last_indexed | 2024-12-14T13:01:15Z |
| publishDate | 2014-09-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله دانش حسابداری |
| spelling | doaj.art-8a474a72273c463bb7f2c6af4b64691c2022-12-21T23:00:27ZfasShahid Bahonar University of Kermanمجله دانش حسابداری2008-89142476-292X2014-09-01517294810.22103/jak.2014.723723Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock ExchangeMohammad Namazi0Reza Gholami1استاد حسابداری، دانشگاه شیرازدانشجوی دکتری حسابداری، دانشگاه شیرازThis study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researches suggest that earnings management leads to increase in excess investments of firms (over-investments or under-investments). In this study, the data from 63 listed companies in the Tehran Stock Exchange in the period of 1378-1388 (1999-2009) was collected. The results indicated that there is a significant relationship between discretionary accruals (as proxy of accrual-based earnings management) and excess investment. This suggests that firm’s investment behavior is influenced by accrual-based earnings management. The results also indicate that there is a significant relationship between discretionary accruals (as independent variable) and firm’s excess investment in the period afterwardshttps://jak.uk.ac.ir/article_723_8a914782e89c649f7ea4f3f834bd0c69.pdfaccrual-based earnings managementinefficient investmentover-investmentunder-investment |
| spellingShingle | Mohammad Namazi Reza Gholami Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange مجله دانش حسابداری accrual-based earnings management inefficient investment over-investment under-investment |
| title | Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange |
| title_full | Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange |
| title_fullStr | Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange |
| title_full_unstemmed | Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange |
| title_short | Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange |
| title_sort | impact of accrual based earnings management on investment efficiency of the companies listed in tehran stock exchange |
| topic | accrual-based earnings management inefficient investment over-investment under-investment |
| url | https://jak.uk.ac.ir/article_723_8a914782e89c649f7ea4f3f834bd0c69.pdf |
| work_keys_str_mv | AT mohammadnamazi impactofaccrualbasedearningsmanagementoninvestmentefficiencyofthecompanieslistedintehranstockexchange AT rezagholami impactofaccrualbasedearningsmanagementoninvestmentefficiencyofthecompanieslistedintehranstockexchange |