ORIGINAL_ARTICLE
First Page
https://acctgrev.ut.ac.ir/article_62347_c907cd5c3aff67de692f08b1ea415d7b.pdf
2017-02-19
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10.22059/acctgrev.2017.62347
ORIGINAL_ARTICLE
The Effect of Financial Crisis on Earnings Quality
The main purpose of current research is to determine the effect of financial crisis on earnings quality. In this study, earnings quality was measured by using three earnings persistence, earnings predictability and accruals quality. The measure of financial crisis in a company is to have at least one of three criteria: three consecutive years of losses (operating loss, net loss or retained), reduction in distributed dividends of each year relative to the previous year by more than 40 percent, and article 141 of the commercial code be applicable to studied companies study. In current study, we use a sample of 97 firms listed in the Tehran Stock Exchange during the period 2002 to 2015. The results of multiple regression model and panel data with fixed effects, showed that in 95 percent of confidence level, financial crisis has a significant negative effect on the earnings persistence and a significant positive effect on the earnings predictability. Also, there was not found a significant relationship between financial crisis and discretionary
https://acctgrev.ut.ac.ir/article_60853_6933b5d699b0d775ec5af64d6465a00d.pdf
2017-02-19
415
434
10.22059/acctgrev.2017.60853
Financial Crisis
Earnings Persistence
Earnings Predictability
Accruals quality
Seyed Kazem
Ebrahimi
kebrahimi@semnan.ac.ir
1
Assistant Prof, Department of Accounting, Semnan University, Semnan, Iran
AUTHOR
Ali
Bahraminasab
abahraminasab@semnan.ac.ir
2
Instructor, Department of Accounting, Semnan University, Semnan, Iran
AUTHOR
Reza
Mamashli
acc_mamashli@yahoo.com
3
MSc. Student in Accounting, Semnan University, Semnan, Iran
LEAD_AUTHOR
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(in Persian)
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34
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39
ORIGINAL_ARTICLE
Conservatism and the Informational Content
of Earnings
This paper examines the relationship between accounting conservatism and informational content of earnings using data of 167 firms listed on the Tehran Stock Exchange during 2004-2013. Accounting conservatism is measured based on Khan and Watts' (2009) model and Feltham and Ohlsson (1995) price model and Easton and Hariss (1991) return models were used to evaluate the informational content of earnings across different partitions of conservatism. The results of price and return models estimations on two and three partitions (levels) of conservatism show an inverse relation between conservatism and informational content of earnings. That is, the explanatory powers of price and return models are lower for the partition of high conservatism than the partition of low conservatism. Also, an inverse relation between stock returns and conservatism is observed. Our results are robust to sensitivity analyses.
https://acctgrev.ut.ac.ir/article_60854_6df6a8888253f959b352a1f96ecb474f.pdf
2017-02-19
435
460
10.22059/acctgrev.2017.60854
Conservatism
Informational content of earnings
Khan and Watts' (2009) model
abdolreza
talaneh
unistpapers@yahoo.com
1
Associate Prof., Faculty of Management and Accounting, Islamic Azad University, Firoozkuh Branch, Firoozkuh, Iran
LEAD_AUTHOR
Marzieh
Kazemi
baran6156@yahoo.com
2
MSc. of Accounting, Faculty of Management and Accounting, Islamic Azad University, Firoozkuh Branch, Firoozkuh, Iran
AUTHOR
بادآور نهندی، ی.، طالب نیا، ق. و خانلری، م. (1391). محتوای اطلاعاتی سودهای محافظهکارانه و غیرمحافظهکاری. پژوهشهای حسابداری مالی، 3 (10) 114-103.
1
برادران حسنزاده، ر.، بادآور نهندی، ی.، و ذاکری، س. (1392). بررسی تأثیر سطوح محافظهکاری گزارشهای مالی بر محتوای اطلاعاتی سود حسابداری شرکتهای پذیرفتهشده در بورس اوراق بهادار تهران. تحقیقات حسابداری و حسابرسی، 19 (5)، 121-106.
2
پورزمانی، ز.، و منصوری، ف. (1394). تأثیر کیفیت افشا، محافظهکاری و رابطۀ متقابل آنها بر هزینۀ سرمایه سهام عادی. پژوهشهای حسابداری مالی و حسابرسی، 7 (25)، 96-79.
3
خدادادی، و.، فرازمند، ح.، و طباطبائی، س. ف. (1392). تأثیر بهموقع بودن و محافظهکاری بر محتوای اطلاعاتی سود شرکتهای پذیرفتهشده در بورس اوراق بهادار تهران. پژوهشهای تجربی حسابداری، 3 (1)، 92-75.
4
رحمانی، ع.، اثنی عشری، ح.، و ولی زاده لاریجانی، ا. (1390). محافظهکاری و محتوای اطلاعاتی اقلام صورتهای مالی. بررسیهای حسابداری و حسابرسی، 18 (64)، 72-57.
5
شهبازی، م.، و مشایخی، ب. (1393). بررسی رابطۀ نسبت بدهی، هزینۀ سرمایه و محافظهکاری شرطی و غیرشرطی. دانش حسابداری، 5 (16)، 54-33.
6
فولاد، ف.، و تالانه، ع. (1391). محافظهکاری و خطر سقوط قیمت سهم. بررسیهای حسابداری و حسابرسی، 19 (3)، 118-99.
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کردستانی، غ.، و ایرانشاهی، م. (1391). تأثیر محافظهکاری بر میزان مربوطبودن اطلاعات حسابداری به ارزش سهام. دانش حسابرسی، 12 (46)، 33-18.
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کردستانی، غ.، و خلیلی، م. (1390). تأثیر محافظهکاری بر محتوای اطلاعاتی تفاضلی جریانهای نقدی و اقلام تعهدی. دانش حسابداری، 2 (4)، 104-83.
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لطفی، ا.، و حاجیپور، م. (1389). تأثیر محافظهکاری بر خطای مدیریت در پیشبینی سود. حسابداری مدیریت، 3 (4)، 33-17.
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مشایخ، ش.، و هجرانی جمیل، م. (1392). بررسی رابطۀ محافظهکاری و محتوای اطلاعات حسابداری در بورس اوراق بهادار تهران. تحقیقات حسابداری و حسابرسی، 5 (18)، 41-15.
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مشایخی، ب.، و مطمئن، م. (1392). ریسک سیستماتیک و محافظهکاری مشروط. تحقیقات مالی، 15 (1)، 128-109.
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موسوی شیری، س. م.، پیشوائی، ف.، و خلعتبری، ح. (1395). ارزیابی مدیریت سود در سطوح مختلف محافظهکاری و سرمایهگذاران نهادی با استفاده از قانون بنفورد. بررسیهای حسابداری و حسابرسی، 23 (2)، 234-213.
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Ahmed, S. & Duellman, S. (2007). Accounting conservatism and board of director characteristics: an empirical analysis. Journal of Accounting and Economics, 43(2-3), 411-437.
14
Badavar Nahandi, Y., Talebnia, Q. & Khanlari, M. (2012). Informational content of conservative and non-conservative earnings. Financial Accounting Research, 3 (10), 103-114. (in Persian)
15
Balachandran S.V., Mohanram, P. S. (2006). Conservatism and the Value Relevance of Accounting Information. Unpublished Working Paper, Columbia University.
16
Ball, R. & Shivakumar, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of Accounting & Economics, 39(1), 83-128.
17
Ball, R. & Shivakumar, L. (2006). the role of accruals in asymmetrically timely gain and loss recognition. Journal of Accounting Research, 44(2), 207-242.
18
Ball, R., Kothari, S.P. & Robin, A. (2000). The effect of international institutional factors on properties of accounting earnings. Journal of Accounting & Economics, 29(1), 1-51.
19
Baradaran Hasanzadeh, R., Badavar Nahandi, Y., Zakeri S. (2013). The effects of conservatism on the information content of earnings: case of Tehran Stock Exchange. Accounting and Auditing Researches, 19 (5), 106-121.
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Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting & Economics, 24(1), 3-37.
21
Beekes, W. & Pope, P. (2004). The link between earnings timeliness, earnings conservatism and board composition: evidence from the UK. Corporate Governance: an International Review, 12 (1), 47-59.
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Collins, D. W., Maydew, E., L., & Weiss, I. S. (1997). Changes in the value-relevance of earnings and book values over the past forty years. Journal of Accounting and Economics, 24 (1), 39-67.
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Foolad, F., Yaqoobnezhad, A. & Talaneh, A. (2012). Conservatism and the stock price crash risk. The Iranian Accounting and Auditing Review, 19 (3), 99-118. (in Persian)
26
Garcia, L. J. M. G., Osma B. G. & Penalva, F. (2014). Information Consequences of Accounting Conservatism. European Accounting Review, 23 (2), 173-198.
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Garcia, L. J. M. G., Osma B. G. & Penalva, F. (2016). Accounting conservatism and firm investment efficiency. Journal of Accounting and Economics, 61 (1), 221-238.
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Givoly, D., Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: has financial reporting become more conservative? Journal of Accounting and Economics, 29 (3), 287– 320.
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Khan, M., Watts, R. L. (2009). Estimation and empirical properties of a firm-year measure of accounting conservatism. Journal of Accounting and Economics, 48(2-3), 132-150.
30
Khodadadi, V., Farazmand, H. & Tabatabaee, S. F., (2013). The effects of timeliness and conservatism on informational content of earnings. Accounting Empirical Researches, 3 (1), 75-92. (in Persian)
31
Kordestani, Gh. & Iranshahi, M., (2012). the effects of conservatism on the relevance of accounting information to stock price. Auditing Knowledge, 12 (46), 18-33. (in Persian)
32
Kordestani, Gh. & Khalili, M. (2011). The effects of conservatism on incremental information content of cash flows and accruals. Accounting Knowledge, 2 (4), 83-104. (in Persian)
33
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Lafond, R. & Watts, R.L. (2008). The information role of conservatism. The Accounting Review, 83 (2), 175-207.
35
Lotfi, A., Hajipoor, M. (2010). The effects of conservatism on management earnings forecast error, Management Accounting, 3 (4), 17-33. (in Persian)
36
Mashayekh, SH., Hejrani Jamil, M. (2013). The relation between conservatism and accounting informational content in TSE. Accounting and Auditing Research, 5 (18), 15-41. (in Persian)
37
Mashayekhi, B. & Motmaen, M. (2013). Systematic risk and conditional conservatism. Journal of Financial Research, 15 (1), 109-128. (in Persian)
38
Moosavi Shiri, S. M., Pishvaee F. & Khalatbari H. (2016). Evaluation of earnings management across different conservatism levels and institutional investors using Benford Law. The Iranian Accounting and Auditing Review, 23 (2), 213-234. (in Persian)
39
Poorzamani, Z. & Mansoori, F. (2015). The effects of disclosure quality, conservatism, and interactions on equity cost of capital. Financial Accounting and Auditing Researches, 7 (25), 79-96. (in Persian)
40
Rahmani, A., Asna'ashari, H., & Valizadeh Larijani, A. (2011). Conservatism and information content of financial statements items. The Iranian Accounting and Auditing Review, 18 (64), 57-72. (in Persian)
41
Shahbazi, M. & Mashayekhi, B. (2014). The relations of debt ratio, size, cost of capital and conditional and unconditional conservatism. Accounting Knowledge, 5 (16), 33-54. (in Persian)
42
Watts, R. L. (2003a). Conservatism in Accounting Part I: Explanations and Implications. Accounting Horizons, 17(3), 207-221.
43
Watts, R. L. (2003b). Conservatism in Accounting Part II: Evidence and Research Opportunities. Accounting Horizons, 17(4), 287-301.
44
Zhang, J. (2008). Efficiency gains from accounting conservatism: benefits to lenders and borrowers. Journal of Accounting and Economics, 45(1), 27–54.
45
ORIGINAL_ARTICLE
Investigating the Relationship between Accounting Ratios and Skewness of Stock Return to Explain the Growth and Value Stocks Anomaly
This research aims to explain the growth and value stocks anomaly by the relationship between accounting ratios and skewness of stock return distribution. Then, the data of 89 companies listed in the Tehran Stock Exchange are collected and analyzed for 2009 to 2013. Furthermore, the fixed effect panel data method is used to examine the hypothesis. The results show that there is a negative and significant relationship between skewness and book to market ratio. This reveals the information content of financial statement ratios in Tehran Stock Exchange. Moreover, the skewness affects on difference between growth and value stock return. However, due to lack of growth and value stocks anomaly in the research sample, results isn’t (is not) supported empirical model
https://acctgrev.ut.ac.ir/article_60855_199c6dfaf477a1c6a6416b95ad8681a0.pdf
2017-02-19
461
482
10.22059/acctgrev.2017.60855
Book to market ratio
Growth and value stocks anomaly
Skewness
Stock Return
Shokrollah
Khajavi
sh_khajavi@yahoo.com
1
Prof. in Accounting, Faculty of Management, Economic and Social Sciences, Shiraz University, Shiraz, Iran
LEAD_AUTHOR
Ali
Faal Ghaumi
alifaal@alumni.ut.ac.ir
2
Ph.D in Accounting, Shiraz University, Shiraz, Iran
AUTHOR
اسدی، غ.، و اسلامی بیدگلی، س. (1392). مقایسۀ عملکرد یکسالۀ سهام ارزشی و سهام رشدی با استفاده از روش تشکیل پورتفوی بر اساس اوزان تصادفی. مجلۀ مهندسی مالی و مدیریت اوراق بهادار، 4(14)، 48-23.
1
اسلامی بیدگلی، غ.، فلاح پور، س. و سبزواری، ب. (1391). مقایسۀ بازدهی روشهای مختلف انتخاب سهام ارزشی و رشدی بر اساس مدل شش عاملی هاگن در بورس اوراق بهادار تهران. فصلنامۀ دانش سرمایهگذاری، 1(1)، 146- 125.
2
بناییزاده، آ.، و کردلویی، ح. ر. (1392). بررسی بازده سهام رشدی و ارزشی بر مبنای نسبت ارزش دفتری به ارزش بازار در بورس اوراق بهادار تهران. فصلنامۀ دانش سرمایهگذاری، 2(7)، 130- 105.
3
رحمانی، ع. و سعیدی، ف. (1387). ارزیابی عملکرد مدلهای لاجیت در پیشبینی بازده سهام. فصلنامۀ بورس اوراق بهادار، 1(2)، 85- 43.
4
شمس، ش.، یحییزادهفر، م. و امامی، ع. (1389). بررسی رابطۀ اثر تمایلی با جریانات نقدی و عملکرد شرکتهای سرمایهگذاری بورس اوراق بهادار تهران. فصلنامۀتحقیقاتمالی، 12(30)، 116- 95.
5
قالیباف اصل، ح.، بابالویان، ش. و جولا، ج. (1387). مقایسۀ بازدهی سهام رشدی با سهام ارزشی در بورس اوراق بهادار تهران. فصلنامۀ بورس اوراق بهادار، 1(3)، 134- 111.
6
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48
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49
ORIGINAL_ARTICLE
Tracing Iran Budgeting System Challenges in Order to Develop Regional Justice Approach
with Fuzzy Technique
Social systems are driven by values that sometimes shape the basis and foundation of systems; values like justice that deemed as the first virtue of social institutions, the cornerstoneof state and government legitimacy, and the essence of governmental policy making purposes. One of the most important and wise government instruments to achieve this goal is public budget of the country; an instrument that represents all activities and actions of government, and all dominant values on government policies. Therefore, in this study with emphasize on the important and effective role of budgeting in justice achievement process, the validity of findings from other studies, under title "challenges of Iran budgeting system toward achieve regional justice through public budget" examined. In this study, to confirm the research findings (obtained from grounded theory), Fuzzy Delphi method has been used and attempted to refer to the experts, rankings the indicators of good budgeting is done. According the finding, all factors presented in tables have) enough credit, and in the process of increasing the regional justice are effective.
https://acctgrev.ut.ac.ir/article_60856_66a72a880454e1e392fd7aedd3645637.pdf
2017-02-19
483
506
10.22059/acctgrev.2017.60856
Public budgeting system
Developing Countries
justice and equity
Regional Development
budgeting for development
MirYaghoub
SeyyedRezaei
seyedrezai@ut.ac.ir
1
Ph.D. Candidate of Development Administration, Faculty of Management, University of Tehran, Iran
LEAD_AUTHOR
Ali Asghar
Pourezza
pourezzat@ut.ac.ir
2
Prof. of Public Administration, Faculty of Management, University of Tehran, Iran
AUTHOR
Ali Asghar
Sadabadi
alisadabadi@ut.ac.ir
3
Ph.D. Candidate of Science and Technology Policy Making, Faculty of Management, University of Tehran, Iran
AUTHOR
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68
ORIGINAL_ARTICLE
The Nature of Monetary Ethics and Accounting Students’ Ethical Perception: The Role of Individual Characteristics
Integrity is the foundational basis of the accounting profession. Recently, corporate scandals exposed the accounting profession to great pressure of regulators and public. Understanding the ethical values of accounting students is very crucial for improving the integrity of accounting profession. The aim of this study is to investigate the relationship between ethical perception and monetary ethics of accounting students. In order to answer the research question, three hypotheses were examined. Information required to measure ethical perception and monetary ethics was gathered through Forsyth’s Ethical Position Questionnaire (1980) and Tang’s Money Ethic Scale (1992) respectively. The sample was consisted of 375 students majoring in Accounting that were examined in 2015. The findings showed that the students' ethical perception was independent of their monetary ethics. Furthermore, age and educational level of students were not associated with their monetary ethics and ethical perception. Additionally, the results revealed that the students' gender was related to their monetary ethics, while no relation with their ethical perceptions was found.
https://acctgrev.ut.ac.ir/article_60857_d8cab19e267285d79df8cf3960f5a937.pdf
2017-02-19
507
526
10.22059/acctgrev.2017.60857
age
Educational Level
Ethical Perception
Gender
Monetary Ethics
Marjan
Atefi
atf.marjan@gmail.com
1
MSc. Student, Dep. of Accounting, Faculty of Economic and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran
AUTHOR
Elaheh
Barzegar
barzegar.elaheh62@gmail.com
2
Assistant Prof., Dep. of Accounting, Faculty of Economic and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran
LEAD_AUTHOR
احمدپور، ا. و هادیان، س.ا. (1394). بررسی تغییرات مربوطبودن اطلاعات حسابداری. فصلنامۀ بررسیهای حسابداری و حسابرسی، 22 (1)، 20- 1.
1
اعتمادی، ح. و دیانتی دیلمی، ز. (1388). تأثیر دیدگاه اخلاقی مدیران مالی بر کیفیت گزارشهای مالی شرکتها. فصلنامۀاخلاقدر علوموفناوری، 4 (1)، 20-11.
2
تحریری، آ. و پیریسقرلو، م. (1395). درک حسابرسان از مفهوم تردید حرفهای در کار حسابرسی. فصلنامۀ بررسیهای حسابداری و حسابرسی، 23 (1)، 135- 117.
3
حسنقلیپور، ط.، دهقاننیری، م. و میرمهدی، س.م. (1390). بررسی عوامل مؤثر بر نگرش اخلاقی دانشجویان مدیریت. فصلنامۀ اخلاق در علوم و فناوری، 6 (4)، 74-63.
4
خواجوی، ش. و نجفی، ز. (1394). آزمون محدودیتهای حاکم بر ویژگیهای کیفی اطلاعات حسابداری: شواهدی از بورس اوراق بهادار تهران. فصلنامۀ بررسیهای حسابداری و حسابرسی، 22(4)، 440- 421.
5
رویائی، ر.ع.، طالبنیا، ق.، حساسیگانه، ی. و جلیلی، ص. (1392). بررسی رابطۀ بین فلسفۀ اخلاق فردی و ویژگیهای جمعیتشناختی با رفتارهای کاهندۀ کیفیت حسابرسی. فصلنامۀ حسابداری مدیریت، 6 (16)، 26- 15.
6
ستایش، م.ح.، ماهر، م.ه. و ابوالحلاج، م. (1391). بررسی تأثیر سازههای فردی و اجتماعی بر درک اصول اخلاقی بین مدیران مالی و بودجۀ دانشگاههای علوم پزشکی و خدمات بهداشتی درمانی کشور. فصلنامۀ حسابداری سلامت، (1)، 32-17.
7
سلمانپناه، ن. و طالبنیا، ق. (1392). بررسی گزیده عوامل مؤثر بر قضاوت اخلاقی حسابداران رسمی ایران. فصلنامۀ حسابداری مدیریت، 6 (18)، 96-87.
8
عباسزاده، م.ر. و معینیزاده، م. (1393). تأثیر جنسیت بر درک اصول اخلاقی دانشجویان حسابداری: بررسی تطبیقی در ایران و انگلستان. فصلنامۀ پژوهشهای تجربی حسابداری، 3 (11)، 73- 55.
9
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64
ORIGINAL_ARTICLE
Investigation of the Outcomes Resulting from Managers' Myopia Based on Agency Theory
and Free Cash Flow Hypothesis
The purpose of this study is to investigate the relationship between free cash flows and stock return considering managers' myopia. Two hypotheses have been designed and tested, selecting 96 firms from accepted companies in the Tehran Stock Exchange for six-year period from 2005 to 2010 and using stock return for three years ahead (to 2012). The results show that free cash flows are negatively related to short-term and long-term stock returns. The sensitivity of stock return to Free Cash Flows in myopic firms is more than the other firms and, with an increase in free cash flows, more decrease in return is occurred in such firms. Therefore managers’ myopia and free cash flows, increase opportunistic behavior of managers in order to increase their personal interests and have negative influence on firm performance.
https://acctgrev.ut.ac.ir/article_60858_b861fd7e84e52c024d886a8107285c66.pdf
2017-02-19
546
527
10.22059/acctgrev.2017.60858
Free Cash Flow
Managers' myopia
Marketing & research & development expenditures
Stock Return
Javad
Moradi
jmoradi2005@yahoo.com
1
Assistant Prof., Faculty of Economic-Management and Social Sciences, Shiraz University, Shiraz, Iran
LEAD_AUTHOR
Fatemeh
Keshavarz
f.keshavarz87@yahoo.com
2
M.Sc. in Accounting, Islamic Azad University-Marvdasht Branch, Marvdasht, Iran
AUTHOR
محمودآبادی، ح.؛ مهدوی، غ. و فریدونی، م. (1392). بررسی تأثیر جریانهای نقدی آزاد و هزینههای نمایندگی بر عملکرد شرکتهای پذیرفتهشده در بورس اوراق بهادار تهران، دانش حسابداری، 4 (12)، 130-111.
1
مرادی، ج. و باقری، ه. (1393). بررسی مقایسهای تأثیر کوتهبینی مدیریت و مدیریت سود بر بازده سهام، بررسیهای حسابداری و حسابرسی، 21 (2)، 250-229.
2
یحییزادهفر، م.؛ شمس، ش. و پاکدین امیری، م. (1392). بررسی تأثیر فرصتهای رشد در ارزشگذاری جریان نقدی آزاد، نام نشریه، 20 (1)، 132-113.
3
Abernethy, M. A., Bouwens, J. & Lent, L. (2013). The role of performance measures in the intertemporal decisions of business unit managers. Contemporary Accounting Research, 30(3), 925-961.
4
Ali, A., Ciftci, M., & Cready, W. M. (2012). Market underestimation of the implications of R&D increases for future earnings: the US evidence. Journal of Business Finance & Accounting, 39(3‐4), 289-314.
5
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6
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7
Chirinko, R., Garretsen, H., & Sterken, E. (2003). Corporate control mechanisms, voting and cash flow rights, and the performance of Dutch firms (No. 200309). University of Groningen, CCSO Centre for Economic Research.
8
Chowdhury, J. (2012). Managerial Myopia: A New Look. Available at SSRN 1991429.
9
D’Mello, R. & Miranda, M. (2010). Long-term debt and overinvestment agency problem. Journal of Banking & Finance, 34(2): 324-335.
10
Edmans, A., Fang, V. W., & Lewellen, K. A. (2013). Equity vesting and managerial myopia (No. w19407). National Bureau of Economic Research.
11
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12
Gervais, S. (2010). Capital budgeting and other investment decisions. Behavioral Finance, Published Online: 29 NOV 2011, DOI: 10.1002/9781118258415. ch22.
13
Gregory, A. (2005). The long run abnormal performance of UK acquirers and the free cash flow hypothesis. Journal of Business Finance & Accounting, 32(5‐6), 777-814.
14
Ha, J. H. (2011). Agency Costs of Free Cash Flow and Conditional Conservatism, Oklahoma State University.
15
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24
Lin, L., Lin, D., Izan, H. Y., & da Silva Rosa, R. (2013). Agency Costs of Free Cash Flow and Takeover Attempts, Global Economy and Finance Journal, 6, 16 – 28.
25
Mahmoodabadi, H., Mahdavi, Gh. & Fereidooni, M. (2013), Investigating the Effect of Free Cash Flows and Agency Costs on Performance of the Firms Accepted in Tehran Stock Exchange. Journal of Accounting Knowledge, 4(12), 111-131. (in Persian)
26
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29
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30
Mizik, N. (2010). The theory and practice of myopic management. Journal of Marketing Research, 47(4), 594-611.
31
Moradi, J. & Bagheri, H. (2014), A Comparative Investigation into the Effects of Management Myopia and Earnings Management on Stock Return, The Iranian Accounting and Auditing Review, 21(2): 229-250. (in Persian)
32
Powell, R., Moltchanski, K., & Nagm, F. (2012). Are Managers’ Perceptions that Investors are Myopic Justified?-A Comparison of the Market’s Assessment of the Returns to Expenditures on R&D, IT and CAPEX. A Comparison of the Market’s Assessment of the Returns to Expenditures on R&D, IT and CAPEX (March 12, 2012).
33
Richardson, S. (2006). Over-investment of free cash flow. Review of accounting studies, 11(2-3), 159-189.
34
Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of accounting and economics, 42(3), 335-370.
35
Schwetzler, B., & Reimund, C. (2003). Valuation effects of corporate cash holdings: Evidence from Germany, Working paper, Leipzig Graduate School of Management.
36
Talebnia, G. A., Valipour, H. & Askari, Z. (2012). Effect of Free Cash Flow Agency Problem on the Value Relevance of Earning per Share and Book Value per Share with Stock Price in the Chemical and Medical Industries: Evidence from Tehran Stock Exchange (TSE), American Journal of Scientific Research, 46, 118-127.
37
Utami, S. R. & Inanga, E. L. (2011). Agency costs of free cash flow, dividend policy, and leverage of firms in Indonesia. European Journal of Economics, Finance and Administrative Sciences, 33(6), 7-24.
38
Wang, G. Y. (2010). The impacts of free cash flows and agency costs on firm performance. Journal of service science and management, 3(4), 408-418.
39
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40
Yahyazadefar, M., Shams, Sh. & Pakdin Amiri, M. (2013). Investigating the Effect of Growth Opportunity in Free Cash Flow Valuation. The Iranian Accounting and Auditing Review, 20(1), 113-132. (in Persian)
41
Yuan, J. & Jiang, Y. (2008). Accounting information quality, free cash flow and overinvestment: A Chinese study. The Business Review, 11(1), 159-166.
42
ORIGINAL_ARTICLE
Analysis of Public Sector Accounting Researches in Iran and Future Researches Directions
The main purpose of this study is to identify the share of public sector accounting in Accounting papers as well as its research areas. In addition, this study seeks to present more clear directions about the research opportunities of public sector accounting based on Iran’s situation. In this study, research based journals are reviewed from 1992 to 2014. They are analyzed and categorized based on archival research method and thematic analysis. The study shows that only 3% of 21 investigated journals' articles involve papers of public sector accounting. Meanwhile, Audit Knowledge and Health Accounting are the leading journals. The domain of most researches includes government, universities and municipalities. More than 60% of studies have used survey method. Additionally, this study analyzed the subjects by applying thematic analysis and typology approach. Topics such as accrual accounting and budgeting have been focused. At last, the results of interview with public sector accounting experts identified that financial accounting, financial reporting, management accounting, budgeting, financial and performance auditing, accountability, and financial management are of the most important issues for the future researches
https://acctgrev.ut.ac.ir/article_60859_1dc65160834ea0f1771822cce77b3b4e.pdf
2017-02-19
547
574
10.22059/acctgrev.2017.60859
Future Researches Directions
Public Sector Accounting
Research areas
Mohammad
Moradi
moradimt@ut.ac.ir
1
Assistant Prof. in Accounting, Faculty of Management, University of Tehran, Tehran, Iran
LEAD_AUTHOR
Reza
Safikhani
mr.safikhani@yahoo.com
2
Ph.D. Candidate of Accounting, Faculty of Management & Accounting, University of Shahid Beheshti, Tehran, Iran
AUTHOR
باباجانی، ج. و بابایی، م. (1390). تأثیر استقرار واحد حسابرسی داخلی و تشکیل کمیتۀ حسابرسی در ارتقای سطح مسئولیت پاسخگویی مالی دانشگاهها و مؤسسات آموزش عالی و تحقیقاتی. مجلۀ دانش حسابداری، 2(4)، 28-7.
1
باباجانی، ج. و دهقان، ح. (1385). نقش حسابداری و گزارشگری مالی در ایفای مسئولیت پاسخگویی از منظر پاسخگویان و پاسخ خواهان. فصلنامۀ مطالعات تجربی حسابداری مالی، 3 (13)، 26-1.
2
باباجانی، ج.؛ مددی، آ. (1388). امکانسنجی نظام حسابداری و گزارش مالی دانشگاه دولتی ایران. بررسیهای حسابداری و حسابرسی، 16(56)، 20-3.
3
باباجانی، ج؛ خنکا، ع. (1391). ضرورت تشکیل کمیتۀ حسابرسی و استقرار واحد حسابرسی داخلی در شهرداریهای کلانشهرها برای ارتقای سطح مسئولیت پاسخگویی. فصلنامۀ مطالعات تجربی، 10(33)، 39-72.
4
باباجانی، ج؛ رسولی، م. (1390). شناسایی موانع و مشکلات استقرار بودجهبندی عملیاتی در دستگاههای اجرایی کشور. پژوهشهای تجربی حسابداری مالی، 1 (1)، 51-33.
5
باباجانی، ج؛ قنبریان، ر. (1390). ارزیابی فرایند تشخیص و شناسایی درآمدهای شهرداری تهران جهت تعیین مبنای مناسب حسابداری و گزارشگری درآمدها. تحقیقات حسابداری و حسابرسی، 3 (10)، 36-55.
6
باباجانی،ج. و خدارحمی، ب. (1393). مدلی برای استقرار نظام بودجهبندی عملیاتی در دولت. فصلنامۀ مطالعات تجربی حسابداری مالی، 12(41)، 36-1.
7
پورزمانی، ز؛ نادری، ب. (1390). تأثیر عوامل پذیرش، توانایی و اختیار بر بودجهریزی عملیاتی (موردمطالعه: مناطق آزاد تجاری ـ صنعتی ایران). پژوهشنامۀ حسابداری مالی و حسابرسی، 3(11)، 67-47.
8
جفره، م؛ روشناسان، ر. (1389). مقایسۀ روند بودجهریزی عملیاتی با بودجهریزی سنواتی در سازمان ثبت احوال کشور. فصلنامۀ دانش مالی تحلیل اوراق بهادار، 3 (4)، 189- 163.
9
جوی پا، ح. (1389). آسیبشناسی اجرای حسابرسی عملکرد توسط دیوان محاسبات کشور و ارائۀ پیشنهادهایی براى بهبود آن. نشریۀ دانش حسابرسی، 10(40)، 119-109.
10
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ORIGINAL_ARTICLE
Abstract
https://acctgrev.ut.ac.ir/article_62346_9c77a1a5b0a7854a0c5ccabaa2024f2a.pdf
2017-02-19
1
9
10.22059/acctgrev.2017.62346