Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing

Objective: This study aimed to examine the effects of Political connections on accounting conservatism, investment efficiency and cost of financing in the companies listed in the Tehran Stock Exchange during the period 2013 to 2017. Method: Data was collected using document mining method and referri...

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Autores principales:	Seyyed Kazem Ebrahimi (Ph.D), Ali Bahrami Nasab, Hossein Sajjadi nasab
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2020
Materias:	investment efficiency accounting conservatism political connections cost of financing Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/2f2273b33ec94e2ca4b46c4459e6eff7
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spelling	oai:doaj.org-article:2f2273b33ec94e2ca4b46c4459e6eff72021-11-04T19:55:14ZEffects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing2008-89142476-292X10.22103/jak.2019.12268.2716https://doaj.org/article/2f2273b33ec94e2ca4b46c4459e6eff72020-01-01T00:00:00Zhttps://jak.uk.ac.ir/article_2457_33766abd4d50527f554362025b45d47c.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: This study aimed to examine the effects of Political connections on accounting conservatism, investment efficiency and cost of financing in the companies listed in the Tehran Stock Exchange during the period 2013 to 2017. Method: Data was collected using document mining method and referring to the databases, and data analysis method was inferential. Eviews software was used to provide estimates for the concerning variables. The panel data model was used to test the research hypotheses. Results: The findings of the research indicated that political connections in the the companies have negative and significant effects on accounting conservatism, and have negative and significant effects on cost of financing. Also, according to the research findings, company's political connections do not have significant impacts on capital efficiency. Conclusion: As the debt ratio of corporation increases, the level of conservatism decreases. This means that companies that have political connections are less conservative than other companies.Seyyed Kazem Ebrahimi (Ph.D)Ali Bahrami NasabHossein Sajjadi nasabShahid Bahonar University of Kermanarticleinvestment efficiencyaccounting conservatismpolitical connectionscost of financingAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 10, Iss 4, Pp 89-119 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	investment efficiency accounting conservatism political connections cost of financing Accounting. Bookkeeping HF5601-5689
spellingShingle	investment efficiency accounting conservatism political connections cost of financing Accounting. Bookkeeping HF5601-5689 Seyyed Kazem Ebrahimi (Ph.D) Ali Bahrami Nasab Hossein Sajjadi nasab Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
description	Objective: This study aimed to examine the effects of Political connections on accounting conservatism, investment efficiency and cost of financing in the companies listed in the Tehran Stock Exchange during the period 2013 to 2017. Method: Data was collected using document mining method and referring to the databases, and data analysis method was inferential. Eviews software was used to provide estimates for the concerning variables. The panel data model was used to test the research hypotheses. Results: The findings of the research indicated that political connections in the the companies have negative and significant effects on accounting conservatism, and have negative and significant effects on cost of financing. Also, according to the research findings, company's political connections do not have significant impacts on capital efficiency. Conclusion: As the debt ratio of corporation increases, the level of conservatism decreases. This means that companies that have political connections are less conservative than other companies.
format	article
author	Seyyed Kazem Ebrahimi (Ph.D) Ali Bahrami Nasab Hossein Sajjadi nasab
author_facet	Seyyed Kazem Ebrahimi (Ph.D) Ali Bahrami Nasab Hossein Sajjadi nasab
author_sort	Seyyed Kazem Ebrahimi (Ph.D)
title	Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
title_short	Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
title_full	Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
title_fullStr	Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
title_full_unstemmed	Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing
title_sort	effects of political connections on accounting conservatism, investment efficiency and cost of financing
publisher	Shahid Bahonar University of Kerman
publishDate	2020
url	https://doaj.org/article/2f2273b33ec94e2ca4b46c4459e6eff7
work_keys_str_mv	AT seyyedkazemebrahimiphd effectsofpoliticalconnectionsonaccountingconservatisminvestmentefficiencyandcostoffinancing AT alibahraminasab effectsofpoliticalconnectionsonaccountingconservatisminvestmentefficiencyandcostoffinancing AT hosseinsajjadinasab effectsofpoliticalconnectionsonaccountingconservatisminvestmentefficiencyandcostoffinancing
_version_	1718444581650956288

Effects of Political Connections on Accounting Conservatism, Investment Efficiency and Cost of Financing

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