Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms

AbstractThe current research examine the signaling through discretionary accruals and its impact on capital investment and ROA of financially constrained firms in Tehran Stock Exchange. For this purpose, four hypothesis have been developed. three multivariate liner regression models and panel data u...

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Autores principales:	Mohsen Dastgir (Ph.D), Mousa Vahedpour
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2017
Materias:	keywords: financial constraints investment opportunities signaling discretionary accruals capital investment Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/7d88f33728c84dd08f149c387f547367
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spelling	oai:doaj.org-article:7d88f33728c84dd08f149c387f5473672021-11-04T19:53:14ZSignaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms2008-89142476-292X10.22103/jak.2017.9977.2351https://doaj.org/article/7d88f33728c84dd08f149c387f5473672017-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_1761_7fe6cbd627ce8093831481c4deec0d09.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XAbstractThe current research examine the signaling through discretionary accruals and its impact on capital investment and ROA of financially constrained firms in Tehran Stock Exchange. For this purpose, four hypothesis have been developed. three multivariate liner regression models and panel data used for examining the research hypothesis. The sample of current research consists of 128 firms listed in Tehran stock exchange during the 1386-1393. The results show that financially constrained firms with high investment opportunities have significantly higher discretionary accruals compared to financially constrained firms with low investment opportunities. Findings also show that constrained high-accrual firms have higher earnings announcement returns compared to constrained low-accrual firms, and invest in projects that appear to improve ROA.Mohsen Dastgir (Ph.D)Mousa VahedpourShahid Bahonar University of Kermanarticlekeywords: financial constraintsinvestment opportunitiessignalingdiscretionary accrualscapital investmentAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 8, Iss 3, Pp 113-140 (2017)
institution	DOAJ
collection	DOAJ
language	FA
topic	keywords: financial constraints investment opportunities signaling discretionary accruals capital investment Accounting. Bookkeeping HF5601-5689
spellingShingle	keywords: financial constraints investment opportunities signaling discretionary accruals capital investment Accounting. Bookkeeping HF5601-5689 Mohsen Dastgir (Ph.D) Mousa Vahedpour Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
description	AbstractThe current research examine the signaling through discretionary accruals and its impact on capital investment and ROA of financially constrained firms in Tehran Stock Exchange. For this purpose, four hypothesis have been developed. three multivariate liner regression models and panel data used for examining the research hypothesis. The sample of current research consists of 128 firms listed in Tehran stock exchange during the 1386-1393. The results show that financially constrained firms with high investment opportunities have significantly higher discretionary accruals compared to financially constrained firms with low investment opportunities. Findings also show that constrained high-accrual firms have higher earnings announcement returns compared to constrained low-accrual firms, and invest in projects that appear to improve ROA.
format	article
author	Mohsen Dastgir (Ph.D) Mousa Vahedpour
author_facet	Mohsen Dastgir (Ph.D) Mousa Vahedpour
author_sort	Mohsen Dastgir (Ph.D)
title	Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
title_short	Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
title_full	Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
title_fullStr	Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
title_full_unstemmed	Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms
title_sort	signaling through discretionary accruals and its impact on capital investment and roa in financially constrained firms
publisher	Shahid Bahonar University of Kerman
publishDate	2017
url	https://doaj.org/article/7d88f33728c84dd08f149c387f547367
work_keys_str_mv	AT mohsendastgirphd signalingthroughdiscretionaryaccrualsanditsimpactoncapitalinvestmentandroainfinanciallyconstrainedfirms AT mousavahedpour signalingthroughdiscretionaryaccrualsanditsimpactoncapitalinvestmentandroainfinanciallyconstrainedfirms
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Signaling through Discretionary Accruals and Its Impact on Capital Investment and ROA in Financially Constrained Firms

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