Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange

This study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researche...

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Autores principales: Mohammad Namazi, Reza Gholami
Formato: article
Lenguaje:FA
Publicado: Shahid Bahonar University of Kerman 2014
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Acceso en línea:https://doaj.org/article/8a474a72273c463bb7f2c6af4b64691c
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spelling oai:doaj.org-article:8a474a72273c463bb7f2c6af4b64691c2021-11-04T19:47:05ZImpact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2014.723https://doaj.org/article/8a474a72273c463bb7f2c6af4b64691c2014-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_723_8a914782e89c649f7ea4f3f834bd0c69.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researches suggest that earnings management leads to increase in excess investments of firms (over-investments or under-investments). In this study, the data from 63 listed companies in the Tehran Stock Exchange in the period of 1378-1388 (1999-2009) was collected. The results indicated that there is a significant relationship between discretionary accruals (as proxy of accrual-based earnings management) and excess investment. This suggests that firm’s investment behavior is influenced by accrual-based earnings management. The results also indicate that there is a significant relationship between discretionary accruals (as independent variable) and firm’s excess investment in the period afterwardsMohammad NamaziReza GholamiShahid Bahonar University of Kermanarticleaccrual-based earnings managementinefficient investmentover-investmentunder-investmentAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 17, Pp 29-48 (2014)
institution DOAJ
collection DOAJ
language FA
topic accrual-based earnings management
inefficient investment
over-investment
under-investment
Accounting. Bookkeeping
HF5601-5689
spellingShingle accrual-based earnings management
inefficient investment
over-investment
under-investment
Accounting. Bookkeeping
HF5601-5689
Mohammad Namazi
Reza Gholami
Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
description This study investigates whether and how firm investment efficiency is influenced by the accrual-based earnings management. The major purpose of this paper is investigating and analyzing the relationship between proxy of accrual-based earnings management and firm’s excess investments. Prior researches suggest that earnings management leads to increase in excess investments of firms (over-investments or under-investments). In this study, the data from 63 listed companies in the Tehran Stock Exchange in the period of 1378-1388 (1999-2009) was collected. The results indicated that there is a significant relationship between discretionary accruals (as proxy of accrual-based earnings management) and excess investment. This suggests that firm’s investment behavior is influenced by accrual-based earnings management. The results also indicate that there is a significant relationship between discretionary accruals (as independent variable) and firm’s excess investment in the period afterwards
format article
author Mohammad Namazi
Reza Gholami
author_facet Mohammad Namazi
Reza Gholami
author_sort Mohammad Namazi
title Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
title_short Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
title_full Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
title_fullStr Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
title_full_unstemmed Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange
title_sort impact of accrual-based earnings management on investment efficiency of the companies listed in tehran stock exchange
publisher Shahid Bahonar University of Kerman
publishDate 2014
url https://doaj.org/article/8a474a72273c463bb7f2c6af4b64691c
work_keys_str_mv AT mohammadnamazi impactofaccrualbasedearningsmanagementoninvestmentefficiencyofthecompanieslistedintehranstockexchange
AT rezagholami impactofaccrualbasedearningsmanagementoninvestmentefficiencyofthecompanieslistedintehranstockexchange
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