@article { author = {Valizadeh Larijani, Azam and Hosseini, Seyed Ali and Tahmasebi Ashtiyani, Mahsa}, title = {The Interaction Impact of Accruals Quality and Corporate Governance Quality on Performance Variability}, journal = {Accounting and Auditing Review}, volume = {27}, number = {3}, pages = {454-472}, year = {2020}, publisher = {University of Tehran}, issn = {2645-8020}, eissn = {2645-8039}, doi = {10.22059/acctgrev.2020.302232.1008377}, abstract = {Objective: As prior studies consequences, accruals quality and corporate governance are two important factors that can affect on firms performance significantly. Establishing corporate governance and increasing the quality of that, as one of the benchmarks to measure the performance of the firms, will lead to decrease of agency expenses and so can improve the performance of the firm and subsequently can reduce its volatility. On the other hand, investigating the quality of accruals as one of the main factors affecting the quality of accounting profit that is considered by investors, can also lead to better company performance as well as enhancing investor satisfaction and maintaining the reliability and credibility of the companies. Thus, the purpose of the present study is to investigate the relationship between accruals quality and corporate governance quality with performance variability of the firm and the impact of corporate governance quality on the relationship between accruals quality and performance variability of the firm. Thus, in this study, three hypothesis are tested. Methods: In this research, two key elements in corporate governance, namely, institutional investors, which enhance information transparency and thus reduce information asymmetry, as well as the characteristics of board members that can help reduce the conflict of interest between shareholders and management, have been studied. For this purpose, the model of Francis et al (2005) was used to measure the accruals quality and the quality of corporate governance and measured by assessing the institutional shareholder ownership, board independence, and the use of financial and accounting experts in the board of directors. In order to calculate the volatility of firm performance, the standard deviation of return on assets was used. Thus, Three hyposeses have been designed and tested using the data of a sample from listed companies in Tehran Stock Exchange during the period 2011 to 2019. Results: According to the findings of this study, accruals quality and corporate governance quality have a significant negative relationship with corporate performance variability. Also, the quality of corporate governance exacerbates the negative relationship between accruals quality and corporateperformance variability. Conclusion: Due to the abnormal fluctuations in corporate performance which can reflect the unfavorable status of the company in different aspects, and since enhancing corporate governance and accruals quality helps to improve corporate performance, it can generally be concluded that increase in the quality of corporate governance and the quality of accruals will reduce the variability of the firm's performance as one of the determinants of investor risk.}, keywords = {Performance variability,Accruals quality,Corporate governance quality}, title_fa = {اثر تعاملی کیفیت اقلام تعهدی و کیفیت حاکمیت شرکتی بر نوسان‌پذیری عملکرد شرکت}, abstract_fa = {هدف: استقرار و ارتقای سازوکارهای حاکمیت شرکتی، به‌دلیل کاهش هزینه‌های نمایندگی، می‌تواند سبب بهبود عملکرد شرکت‌ها شود. کیفیت اقلام تعهدی نیز به‌عنوان یکی از عوامل اصلی مؤثر بر کیفیت سود حسابداری است که سرمایه‌گذاران همواره به آن توجه می‌کنند و می‌تواند به عملکرد بهتر شرکت، افزایش رضایتمندی سرمایه‌گذاران و حفظ اعتبار و شهرت شرکت‌ها کمک کند. از این ‌رو، هدف این پژوهش، بررسی اثر تعاملی کیفیت اقلام تعهدی و کیفیت حاکمیت شرکتی با نوسان‌پذیری عملکرد شرکت است. روش: در این پژوهش، برای اندازه‌گیری کیفیت اقلام تعهدی، از مدل فرانسیس و همکاران (2005) و برای اندازه‌گیری کیفیت حاکمیت شرکتی، از شاخص‌های مالکیت سهام‌داران نهادی، استقلال اعضای هیئت‌مدیره و استفاده از متخصصان مالی و حسابداری در ترکیب اعضای هیئت‌مدیره استفاده شد. همچنین، به‌منظور محاسبه نوسان‌پذیری عملکرد شرکت، از انحراف معیار بازده دارایی‌ها استفاده شد. داده‌های استفاده‌ شده در پژوهش، مربوط به 97 شرکت بورس اوراق بهادار تهران از سال 1390 تا 1397 است. به‌منظور آزمون فرضیه‌ها از رگرسیون خطی چندمتغیره استفاده شده است. یافته‌ها: بر اساس یافته‌های این پژوهش، کیفیت اقلام تعهدی و کیفیت حاکمیت شرکتی با نوسان‌پذیری عملکرد شرکت رابطه منفی معنادار دارد. همچنین کیفیت حاکمیت شرکتی، رابطه منفی بین کیفیت اقلام تعهدی با نوسان‌پذیری عملکرد شرکت را تشدید می‌کند. نتیجه‌گیری: به‌طور کلی افزایش کیفیت حاکمیت شرکتی و کیفیت اقلام تعهدی به کاهش نوسان‌پذیری عملکرد شرکت منجر خواهد شد.}, keywords_fa = {نوسان‌پذیری عملکرد,کیفیت حاکمیت شرکتی,کیفیت اقلام تعهدی}, url = {https://acctgrev.ut.ac.ir/article_78820.html}, eprint = {https://acctgrev.ut.ac.ir/article_78820_f76282d6167d36f21815325e3031faea.pdf} }