Journal of Accounting Advances
Year:2012 | Volume:3 | Issue:2 (61/3)|Papers Count:7

Introduction: There are two types of earnings management: efficient and opportunistic. Earnings management is efficient if managers use their discretion to communicate private information about firm profitability, while it is opportunistic if managers use their discretion to maximize their utility, thereby garbling earnings...

Introduction: One of the challenging issues today is economic development. With regard to this subject, the measure of investment is very important; so that, decisions about investment and capital allocation are some of the key and essential decisions in the company. Hence, an entity for investing in various projects, should considers limits or measure of investment according to limited resources. In an inefficient market, information asymmetry and agency conflicts prevent optimal investment and desirable decisions...

Introduction: This study investigated the relationship between earnings volatility and earnings predictability. The motivation for this topic comes from several sources. First, a number of applications require the prediction of earnings while our knowledge in this area remains limited, especially for long-run forecasts of earnings. Second, recent survey evidence reveals widely held managerial beliefs that earnings volatility reduces earnings predictability. Thus, this study can be viewed as a test of the validity and utility of these beliefs...

Introduction: Stock Exchange has an important role in the development of each country through directing the investment of personal saving to productive activities. The investors' main goal is getting a reasonable return of their investments. Thus, the investigation into the behavior of stock returns is an important subject in which area researchers conducted a valuable amount of research. According to Capital Asset Pricing Model (CAPM), systematic risk (beta coefficient) is the only factor that can explain stock returns. However, experimental evidences are documented that show beta as the index of systematic risk cannot explain all aspects of stock return…

Introduction: The main purpose of this study is to investigate the relationship between accounting conservatism and investment efficiency, to inform managers, investors and professional accounting bodies about the good quality of accounting conservatism as a qualitative characteristic of accounting information. Conservatism is expected (1) to improve the monitoring process over managerial investment decisions, decreasing investment in settings where managers are likely to over-invest, and (2) to facilitate the access to external financing at lower cost, increasing investment in settings where managers are likely to under-invest…

Introduction: To overcome the competition, a company not only focuses on physical capital, but also focuses on intellectual capital. A company can achieve a competitive advantage and earn profit by owing intellectual capital. Intellectual Capital (IC) performance is the efficiency of investments in tangible and intangible resources in value creation activities. The performance of intellectual capital (IC) is important because it would contribute to the company's long term competitive advantage...

Introduction: The purpose of this research is to explore the contribution of intellectual capital and its components to the financial performance of the listed companies in the Tehran Stock Exchange...