Dividend Policy and Opportunistic Financial Reporting
While perior studies faild to document a meaningful relationship between financial restatement, as a measure of earnings quality, and firms’ dividend paying policy, the purpose of the present study is to reinvestigate this relationship by classifying financial restatements into opportunistic and non...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2015-03-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_11477_d41d8cd98f00b204e9800998ecf8427e.pdf |
| _version_ | 1797378348618350592 |
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| author | حسن فرج‌زاده دهکردی لیلا آقایی |
| author_facet | حسن فرج‌زاده دهکردی لیلا آقایی |
| author_sort | حسن فرج‌زاده دهکردی |
| collection | DOAJ |
| description | While perior studies faild to document a meaningful relationship between financial restatement, as a measure of earnings quality, and firms’ dividend paying policy, the purpose of the present study is to reinvestigate this relationship by classifying financial restatements into opportunistic and non-opportunistic based on management incentives in using discretionary accruals. The data is related to 247 firms (consisted of 2,238 firm-year observations) during 1381-1390. A Meet-or-beat model was applied to determine opportunistic financial reporting. Furthermore, a fixed effects logistic regression with panel data was used to test hypothesis. Results show that dividend-paying firms have less likelihood to engage in opportunistic financial reporting through fincial restatements. Furthermore, the negative association between dividend paying status and opportunistic financial reporting is stronger when the size of dividend payouts are larger. Overall, results suggest firm’s dividend policy is indicative of its earnings quality. Specifically, dividend policy unfolds the manager’s incentives behind the financial restatements. |
| first_indexed | 2024-03-08T20:06:35Z |
| format | Article |
| id | doaj.art-e66d3b5d37e04b76a236e967d0d88dcb |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:06:35Z |
| publishDate | 2015-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-e66d3b5d37e04b76a236e967d0d88dcb2023-12-23T10:35:57ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192015-03-01124510.22054/qjma.2020.823.104811477Dividend Policy and Opportunistic Financial Reportingحسن فرج‌زاده دهکردی0لیلا آقایی1مرکز آموزش عالی رجاءدانشگاه آزاد واحد بین الملل قشمWhile perior studies faild to document a meaningful relationship between financial restatement, as a measure of earnings quality, and firms’ dividend paying policy, the purpose of the present study is to reinvestigate this relationship by classifying financial restatements into opportunistic and non-opportunistic based on management incentives in using discretionary accruals. The data is related to 247 firms (consisted of 2,238 firm-year observations) during 1381-1390. A Meet-or-beat model was applied to determine opportunistic financial reporting. Furthermore, a fixed effects logistic regression with panel data was used to test hypothesis. Results show that dividend-paying firms have less likelihood to engage in opportunistic financial reporting through fincial restatements. Furthermore, the negative association between dividend paying status and opportunistic financial reporting is stronger when the size of dividend payouts are larger. Overall, results suggest firm’s dividend policy is indicative of its earnings quality. Specifically, dividend policy unfolds the manager’s incentives behind the financial restatements.https://qjma.atu.ac.ir/article_11477_d41d8cd98f00b204e9800998ecf8427e.pdffinancial restatementdividend policiesopportunistic financial reportinginformation content |
| spellingShingle | حسن فرج‌زاده دهکردی لیلا آقایی Dividend Policy and Opportunistic Financial Reporting مطالعات تجربی حسابداری مالی financial restatement dividend policies opportunistic financial reporting information content |
| title | Dividend Policy and Opportunistic Financial Reporting |
| title_full | Dividend Policy and Opportunistic Financial Reporting |
| title_fullStr | Dividend Policy and Opportunistic Financial Reporting |
| title_full_unstemmed | Dividend Policy and Opportunistic Financial Reporting |
| title_short | Dividend Policy and Opportunistic Financial Reporting |
| title_sort | dividend policy and opportunistic financial reporting |
| topic | financial restatement dividend policies opportunistic financial reporting information content |
| url | https://qjma.atu.ac.ir/article_11477_d41d8cd98f00b204e9800998ecf8427e.pdf |
| work_keys_str_mv | AT ḥsnfrjzạdhdhḵrdy dividendpolicyandopportunisticfinancialreporting AT lylạậqạyy dividendpolicyandopportunisticfinancialreporting |