Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals

Objective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Sta...

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Autores principales:	Mohsen Dastgir (Ph.D), Amin Sakiyani, Nazanin Salehi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2019
Materias:	financial constraints crash risk of future stock price earnings management abnormal accruals Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/9ed9f9fe7d7044bb9661bb98ffa35308
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spelling	oai:doaj.org-article:9ed9f9fe7d7044bb9661bb98ffa353082021-11-04T19:54:34ZEffects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals2008-89142476-292X10.22103/jak.2019.12395.2734https://doaj.org/article/9ed9f9fe7d7044bb9661bb98ffa353082019-05-01T00:00:00Zhttps://jak.uk.ac.ir/article_2264_0297c5ccdb4796a34aee28ab9ad77130.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Stata and Eviews software. Panel data model was applied to test the research hypotheses. Results: The test results showed that the financing constraints increase the likelihood of crash risk of future stock price. In addition, the findings of the research indicated that the positive impact of the financial constraints on crash risk of future stock price will be exacerbated by the effect of the accruals Conclusion: In the companies with financial constraints, the possibility of accumulation and hiding bad news by manager in search for financial resources will increase. Also earnings management and bad news hiding by managers will go on by the use of the accruals.Mohsen Dastgir (Ph.D)Amin SakiyaniNazanin SalehiShahid Bahonar University of Kermanarticlefinancial constraintscrash risk of future stock priceearnings managementabnormal accrualsAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 10, Iss 1, Pp 67-90 (2019)
institution	DOAJ
collection	DOAJ
language	FA
topic	financial constraints crash risk of future stock price earnings management abnormal accruals Accounting. Bookkeeping HF5601-5689
spellingShingle	financial constraints crash risk of future stock price earnings management abnormal accruals Accounting. Bookkeeping HF5601-5689 Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
description	Objective: This study investigates the effects of financial constraints on the crash risk of future stock price in the years 2010 to 2017, considering the effects of abnormal accruals. Methods: The data was collected by documentations review method and referring to databases, and was analyzed by Stata and Eviews software. Panel data model was applied to test the research hypotheses. Results: The test results showed that the financing constraints increase the likelihood of crash risk of future stock price. In addition, the findings of the research indicated that the positive impact of the financial constraints on crash risk of future stock price will be exacerbated by the effect of the accruals Conclusion: In the companies with financial constraints, the possibility of accumulation and hiding bad news by manager in search for financial resources will increase. Also earnings management and bad news hiding by managers will go on by the use of the accruals.
format	article
author	Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi
author_facet	Mohsen Dastgir (Ph.D) Amin Sakiyani Nazanin Salehi
author_sort	Mohsen Dastgir (Ph.D)
title	Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
title_short	Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
title_full	Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
title_fullStr	Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
title_full_unstemmed	Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals
title_sort	effects of financial constraints on crash risk of future stock price in view of the effects of abnormal accruals
publisher	Shahid Bahonar University of Kerman
publishDate	2019
url	https://doaj.org/article/9ed9f9fe7d7044bb9661bb98ffa35308
work_keys_str_mv	AT mohsendastgirphd effectsoffinancialconstraintsoncrashriskoffuturestockpriceinviewoftheeffectsofabnormalaccruals AT aminsakiyani effectsoffinancialconstraintsoncrashriskoffuturestockpriceinviewoftheeffectsofabnormalaccruals AT nazaninsalehi effectsoffinancialconstraintsoncrashriskoffuturestockpriceinviewoftheeffectsofabnormalaccruals
_version_	1718444608931758080

Effects of Financial Constraints on Crash Risk of Future Stock Price in View of the Effects of Abnormal Accruals

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