بررسی رابطۀ بین محافظه‌کاری در گزارشگری مالی و نقدشوندگی سهام شرکت‌های پذیرفته‎شده در بورس اوراق بهادار تهران

نوع مقاله: مقاله علمی پژوهشی

نویسندگان

1 استاد گروه حسابداری، دانشکدۀ اقتصاد، مدیریت و علوم اجتماعی دانشگاه شیراز، شیراز، ایران

2 کارشناس‎ارشد حسابداری، دانشکدۀ اقتصاد، مدیریت و علوم اجتماعی دانشگاه شیراز، شیراز، ایران

چکیده

هدف این پژوهش، مطالعۀ رابطۀ بین محافظه­کاری در گزارشگری مالی و نقدشوندگی سهام شرکت­های پذیرفته‎شده در بورس اوراق بهادار تهران است. در این راستا، 106 شرکت پذیرفته‎شده در بورس اوراق بهادار تهران در دورۀ زمانی 1390-1379 بررسی شدند. در این پژوهش برای آزمون فرضیه­ها از داده­های تابلویی با اثرهای ثابت استفاده شده است. یافته­های پژوهش نشان می­دهد طی دورۀ مطالعه، بین محافظه­کاری و معیارهای مستقیمِ نقدشوندگی شامل حجم نسبی معاملات و عمق ریالی نسبی رابطۀ مثبتی برقرار است و بین محافظه­کاری و معیارهای معکوسِ نقدشوندگی مانند شکاف مطلق و نسبی قیمت پیشنهادی خریدوفروش سهام رابطۀ منفی وجود دارد. همچنین نتایج نشان داد با توجه به ضریب تعیین تعدیل‎شده، اثر محافظه­کاری بر معیارهای معاملاتی، به‎ویژه تعداد روزهای معاملاتی نسبت به معیارهای اطلاعاتی بیشتر است.

کلیدواژه‌ها


عنوان مقاله [English]

Investigation of the relationship between conservatism in financial reporting and stock liquidity of the listed companies on Tehran Stock Exchange

نویسندگان [English]

  • Mohamad Namazi 1
  • Farhad Kashanipour 2
1 Professor, Faculty of Economic, Management and Social Sciences, Shiraz University, Shiraz, Iran
2 MSc. in Accounting, Faculty of Economic, Management and Social Sciences, Shiraz University, Shiraz, Iran
چکیده [English]

The current research aims to study the relationship between the conservatism in financial reporting and stock liquidity of the listed companies on Tehran Stock Exchange (TSE) market. For this purpose, this research investigated 106 listed companies on TSE during 2001-2012 and exerted panel regression models with fixed effects to test the hypotheses. The findings indicate that there is a positive relationship between conservatism and direct criteria of the liquidity such as the volume of the transactions, ratio depth, and a negative relationship between conservatism and inverse criteria of the liquidity such as absolute and ratio spreads between bids and ask prices for the stocks. In addition, the results show that the effect of the conservatism on the transactional criteria, especially on the number of the transactional days, has been more than the informational indexes based on the adjusted R-square.

کلیدواژه‌ها [English]

  • Conservatism
  • informational indexes and TSE
  • liquidity
  • transactional criteria
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