Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
Objective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Sta...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Shahid Bahonar University of Kerman
2019-05-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_2264_0297c5ccdb4796a34aee28ab9ad77130.pdf |
| _version_ | 1818428531658457088 |
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| author | Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi |
| author_facet | Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi |
| author_sort | Mohsen Dastgir (Ph.D) |
| collection | DOAJ |
| description | Objective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Stata and Eviews software. Panel data model was applied to test the research hypotheses. Results: The test results showed that the financing constraints increase the likelihood of crash risk of future stock price. In addition, the findings of the research indicated that the positive impact of the financial constraints on crash risk of future stock price will be exacerbated by the effect of the accruals Conclusion: In the companies with financial constraints, the possibility of accumulation and hiding bad news by manager in search for financial resources will increase. Also earnings management and bad news hiding by managers will go on by the use of the accruals. |
| first_indexed | 2024-12-14T15:03:06Z |
| format | Article |
| id | doaj.art-9ed9f9fe7d7044bb9661bb98ffa35308 |
| institution | Directory Open Access Journal |
| issn | 2008-8914 2476-292X |
| language | fas |
| last_indexed | 2024-12-14T15:03:06Z |
| publishDate | 2019-05-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله دانش حسابداری |
| spelling | doaj.art-9ed9f9fe7d7044bb9661bb98ffa353082022-12-21T22:56:46ZfasShahid Bahonar University of Kermanمجله دانش حسابداری2008-89142476-292X2019-05-01101679010.22103/jak.2019.12395.27342264Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal AccrualsMohsen Dastgir (Ph.D)0Amin Sakiyani1Nazanin Salehi2Professor of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran.M.A. of Accounting, Isfahan University, Isfahan, Iran.M.A. of Accounting, Mobarakeh Branch, Islamic Azad Uneversity, Isfahan, Iran.Objective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Stata and Eviews software. Panel data model was applied to test the research hypotheses. Results: The test results showed that the financing constraints increase the likelihood of crash risk of future stock price. In addition, the findings of the research indicated that the positive impact of the financial constraints on crash risk of future stock price will be exacerbated by the effect of the accruals Conclusion: In the companies with financial constraints, the possibility of accumulation and hiding bad news by manager in search for financial resources will increase. Also earnings management and bad news hiding by managers will go on by the use of the accruals.https://jak.uk.ac.ir/article_2264_0297c5ccdb4796a34aee28ab9ad77130.pdffinancial constraintscrash risk of future stock priceearnings managementabnormal accruals |
| spellingShingle | Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals مجله دانش حسابداری financial constraints crash risk of future stock price earnings management abnormal accruals |
| title | Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals |
| title_full | Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals |
| title_fullStr | Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals |
| title_full_unstemmed | Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals |
| title_short | Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals |
| title_sort | effects of financial constraints on crash risk of future stock price in view of the effects of abnormal accruals |
| topic | financial constraints crash risk of future stock price earnings management abnormal accruals |
| url | https://jak.uk.ac.ir/article_2264_0297c5ccdb4796a34aee28ab9ad77130.pdf |
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