The Financial Accounting and Auditing Researches
Year:2016 | Volume:8 | Issue:31|Papers Count:8

The most empirical researches that investigate the relation between the stock market value and accounting variables (such as book value and earnings per share), the mentioned relation are assumed to be linear. However, the empirical evidences are not compatible to this assumption. This means, if it is assumed that the relationship between stock market value, book value and earnings per share be a linear relationship, the incorrect results will be extracted for empirical researches and applied usage. This paper investigates the effect of firms' growth on the relation between stock market values, book value and accounting earnings in 149 firms listed in Tehran Stock Exchange. The research results show that when firms' profitability increases, the effect of firms' growth on the relation between stock market value and earnings per share switches from negative to positive, and the effect of firms' growth on the relation between stock market value and book value switches from positive to negative. Overall, the research results show that the relation between the stock market value and the mentioned variables are non-linear.

This paper investigats the relationship between ethical ideology (EI) and Corporate Social Responsibility (CSR) with information asymmetry in Tehran Stock Exchange (TSE) listed companies. In this research for the measurement of El and CSR, Forsyth and Singhapakdi are used, respectively. Vekanteesh and Chiang model is used for the measurement of information asymmetry. In this study, 50 listed firms in TSE have been studied. Linear regression model through software Eviews 6 is used to test research hypotheses. Results of the study indicate that there is not a significant relationship between CRS with information asymmetry. In addition, the results show that relativism have a positive significant relationship with information asymmetry and idealivism have a not a significant relationship with information asymmetry.

This study aims to examine two aspects of internal audit quality, namely internal audit competency and internal audit contribution to fmancial statement audits. Consistent with the substitution view a more active internal audit function would encourage external auditors' reliance on such a function, reduce duplication of audit effort leading to potential cost savings and lower external audit fees. Two aspects of internal audit quality, namely internal audit competency and internal audit contribution, support the substitution view to description relationship between Internal Audit Quality and External Audit Fees. This study encourage firms to increasing internal audit quality and to establishing contribution between internal and external auditing to save more costs. This study is based on questionnaires send to internal audit in firms of Tehran security exchange and The results of the study suggest that the competency of internal audit, namely the tenure of the existence of internal audit in the organization is negatively associated with audit fees but training, prior experience in auditing and accounting, and certifications are not associated with audit fees. Finally results shows lack of links between internal audit quality and audit fees.

In companies financial notoriety one of the important subject is related party transactions. Related party transactions in companies are very common, it is important that the interest of minority is less important than chief officer and majority. So the majority tries to earn more benefit by expropriation of corporate assets and transferring pricing and may less cash dividend. The objective of this research is the effect of related parties' transactions on cash dividend that by using 69 samples of companies listed in Tehran exchange securities and OLS method, showed that related party transactions have negative effect on cash dividend and companies with more related party transactions pay less cash dividend.

The purpose of this paper is investigating the relationship between the elements of intellectual capital and productivity for pharmaceutical companies listed in Tehran Stock Exchange. Samples of 19 companies were examined. To determine productivity (dependent variable), the ratio of the value added per employee has been applied. In addition, the criteria of efficiency intellectual capital in the total level and for level of components include human capital, structural capital and physical capital as independent variables have been measured by Public model. Also the value of intellectual capital has been measured by intangible value. Multiple regression has been applied to test the research hypothesis at a= 5%. The results indicate a significant relationship between the intellectual capital and the productivity.

Overconfidence as an interdisciplinary concept has a ranking and probability judgment in psychology. We can describe managers with overconfidence as abnormal managers. In financial concepts overconfidence has been defmed as estimation or interpretation of the amount of knowledge or private information. In this research is tried to study about the effect of managers overconfidence on book value and market value of capital structure. To do so, 62 companies from among those enlisted in tehran stock exchange were selected as our sample by using a systematic omission method. To test hypotheses we have used a multiple variable regression method. Results of this research showed that the amount of managers overconfidence does not affect book value of capital structure. meanwhile, there has been an effect of overconfidence on market value of capital structure observed.

This paper investigates the relationship between auditor's opmion and financial risk with earnings management in Iran. Earnings management has been assessed with discretionary accruals. The type of auditor's opinion in auditor's report divides in tow bunch, unqualified opinion (standard opinion) and qualified opinion (nonstandard opinion). In this investigation we used financial leverage and earning volatility that they are two variable of financial risk. Johns adjusted model has been used for estimating of discretionary accruals basis of type of industry. In this investigation simple liner regression method with one variable and multi variable has been used. The information of 91 firms listed in Tehran Stock Exchange has been used. The findings show that the type of auditor's opinion has relation with discretionary accruals, this means that the auditor cause management to decrease of using discretionary accruals. Financial leverage and auditor's opinion have reversed relationship with discretionary accruals, this means with increase financial leverage, discretionary accruals use less and auditor's opinion tends to unqualified opinion (standard opinion). There is no relationship between earnings volatility and auditor's opinion with discretionary accruals.

This study aims at the investigation of the impact of intellectual capital on ratio Economic Value Added to Earning (EVA/Earning) on the other hand it investigates the impact of intellectual capital on ratio Market Value Added to Earning (MYA/Earning). The intellectual capital of companies listed in Tehran Stack Exchange was calculated based on the intangible value model. The research is related to the companies listed in Tehran Stock Exchange, and 69 companies were selected. The data was analyzed through regression in EXCEL spreadsheet, SPSS and Eviews8 software. The results of this study confirmed that there is a significant positive relationship between CVI and EVA/Earning. Regarding the second hypothesis, the significant positive effectiveness of CVI – MYA/Earning was confirmed. According to quantities of high determination coefficient of index EVA/Earning can be better explained, to index MYA/Earning.