The Financial Accounting and Auditing Researches
Year:2012 | Volume:4 | Issue:15|Papers Count:8

This paper investigates relationship between earnings management and future profitability in listed companies in Tehran stock exchange during 2001 to 2007.Research method in this study is correlation .The results indicate that the earnings management is positively related to the future firm profitability. There is a negative relation between future profitability and firm size and financial leverage in study sample. Our findings contribute to the literature on earnings management that form of the earnings management is income smoothing in Iran. This finding could be helped to user of the financial statements for analyzing of financial statement in a better manner. Meanwhile, research results confirm efficient perspective of the positive accounting theory on earnings management.

One of the major tasks of a financial manager in company is determining providing the best combination of financial resources for their company, in other words, the best capital structure. These decisions should be in line with increase in value of the company. According to modern theories of capital structure, a lot of important factors must be considered in combination the capital structure. so, in this study, we have concentrated on examining some major factors on the capital structure of the companies registered in securities exchange within 1382-1387 interval, in the frame of modern theory of capital structure such as static trade-off theory .for this paper we have selected 75 companies registered in T.S.E and also we use multiple regression with panel data to measure correlation between capital structure and factors mentioned about.Finding show that during the study period, factors such as: profitability and liquidity have an indirect meaningful relationship with capital structure, also variables like collaterals have direct meaningful and size have meaningless relationship with capital structure.Finally we conclude that finding in this study in T.S.E don’t confirm the static trade-off theory findings except collaterals.

The aim of present paper is the study of the relationship between enterprise risk management and firm performance in Tehran stock exchange. The information was prepared from financial statement of 87firm from the population from 2005 to 2009. The findings show that both of factors of risk management, the Industry competition and firm size, have a positive relation with firm performance. Against, other both of factors of risk management, the environmental uncertainty and monitoring by board of directors, don't have relation with firm performance.In addition, results of main hypothesis test show that there is not a relation between risk management with firm performance.

This study provides some evidences in relationship between tools of corporate governance on information asymmetry around quarterly earnings announcement. Therefore selected a sample includes 326 earnings announcement of 158 listed companies in Tehran stock exchange during the years 1383 to 1388. To test the hypotheses has been used model autoregressive vector. The variables have been used for corporate governance were percentage of institutional shareholders and percentage of independent directors and bid ask spread has been used as an index of information asymmetry. The results indicate that percentage of institutional shareholders and percentage of independent directors are not effective on bid ask spread around quarterly earnings announcement and indicate selector tools of corporate governance are not effective on information asymmetry around quarterly earnings announcement.

Motivated by agency theory, we investigate how corporate governance affects firm’s dividend policy. It is argued that dividend payouts reduce agency conflicts by the reduction of free cash flow’s amount. Therefore, the investigation of corporate governance impact on dividend policy can viewed as an instrument for solving agency costs problems. This study confirmed this issue, also.Eighty-one Tehran stock exchange listed companies between 2006 and 2010 have been selected as the sample of the research. Furthermore, Control, and financial information transparency dimensions of corporate governance calculated according to its measurable indexes such as Audit reference (Audit Quality), the firm under examination is parent or subsidiary, Legal inspector of the firm and Financial Information Transparency. The Findings indicated that Audit Quality as a control dimension and Financial Information Transparency have a significant and direct (positive) effect on corporate dividend policy. In addition, significant effect of control variables as cash dividends of the previous year, stock dividend, investment opportunity (MTB), free cash flow, profitability, leverage and firm size on corporate dividend policy was confirmed.

The availability of apparent and comprehensive information is one of the fundamental elements of market capital. Comprehensive disclosure of firm’s causes to increase the efficiency of market capital is comprehensive disclosure of information. The present study investigates the relationship between the amount disclosure firm values. To determine the amount of disclosure by firms a checklist, which is provided compatible with the regulation of Iran Stock Exchange and Iranian Accounting Standards, including comprehensive, mandatory and voluntary disclosure. The hypo theses of this study using compound inputs examined the 81 accepted firms in Tehran Stock Exchange (2008-20010). The results reveal that there is significant relationship between comprehensive, mandatory and voluntary disclosure with firm value.

The purpose of this study is testing the relation between earning quality as a dependent variable and corporate governance as an independent variable. Earning quality is a relative concept. In this research for measuring earning quality among different measures we adopt a total accruals (TACC) measure of earnings quality. We divide accruals into three categories: current operating accruals (WC), non-current operating accruals (NCO), and financing accruals (FIN). 374 financial statements from 81 companies from companies listed in Tehran stock Exchange were chosem. In a period of 5 years (from 1383 to1387) by regressing method, the relation of variable was analyzed.The research results show that there is not a positive (negative) relation between the ratio of cash flows from operation to operation earning (earning quality) and inst & outdir (corporate governance).so The research results show that there is a negative small relation between the ratio of cash flows from operation to operation earning (earning quality) and chrcho (corporate governance).

In this research the effect of board composition variables (director’s independence ratio, dual role of the board, the number of board number) and too interactive effects of these variables on the dividend behavior in various industries have been investigated. Dividend behavior Consist of cash to earning per share ratio. The test of research hypothesis was carried out by multiple regression analysis with the using of generalized least square (GLS) and pooled least squared (PLS) methods by panel data.Statistical population reviewed is all companies listed in Tehran Stock Exchange for the time period of 2004-2008. The result shows that among board composition variables, dual role of the board and board size variables have significant relationship with dividend behavior. The interactive effect of board composition on dividend behavior in different industries were significant and different, hence the type of industry variable can be a damper effect on the relationship between board composition variables and dividend behavior.