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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Shahid Bahonar University of Kerman
2014
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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) |
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accrual-based earnings management inefficient investment over-investment under-investment Accounting. Bookkeeping HF5601-5689 |
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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 |
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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 |
_version_ |
1718444604981772288 |