حسابداری و منافع اجتماعی
Year:2022 | Volume: | Issue: |Papers Count:7

Purpose: The present study investigates the bilateral relationship between simultaneous disclosure of interpretive report and profit forecast by managers on information symmetry and investment quality with the moderating role of environmental uncertainty. Methodology: The statistical population of the research is all the companies accepted in the Tehran Stock Exchange,76 companies were selected by the screening method in the period from 2016 to 2018. Granger causality test, system of simultaneous equations (due to obtaining more reliable and reliable results than the single equation method) and regression coefficient analysis method have been used to test research hypotheses. Results: The findings of the research indicate that there is a two-way and positive relationship between the quality of simultaneous disclosure of the interpretive report and profit forecast by managers with information symmetry and investment quality separately. Also, in an environment with high uncertainty, the intensity of the relationship between disclosure quality and information symmetry and investment quality decreases. In other words, with increasing environmental uncertainty, management can increase informational symmetry and investment quality by improving the quality of information disclosure. Conclusion: Given that, the profit forecast and interpretive report of the management has information content and leads to the improvement of information symmetry and investment efficiency, the correct and distortion-free disclosure of interpretive reports and profit forecast by managers in financial statements has a strengthening effect in the market and is efficient. Therefore, managers and policy makers should pay special attention to these factors. Contribution: The results of this research show the two-way effect of the informational content of the interpretive report and the profit forecast by the managers on the informational symmetry and investment quality.

Purpose: The purpose of this study is to investigate the moderating role of information asymmetry on the relationship between tax reduction policies and earnings quality Methodology: In order to achieve the purpose, a sample consists of 120 listed companies on the Tehran Stock Exchange during 2010 to 2019 (1200 observations) was selected and the hypotheses were tested using multivariate regression model. Results: Findings show that there is an inverse and significant relationship between tax reduction policies and earnings quality and the information asymmetry intensifies this relationship. Conclusion: The existence of tax incentives to reduce taxable income affects the earnings quality and provides platform of managerial opportunistic actions in the information asymmetry circumstance. Contribution: In the presence of information asymmetry, the risk of declining taxable profits through the application of tax-reducing policies increases, so earnings quality can be considered as an important factor for risk management in the field of tax accounting.

Purpose: Today, social media as a multidimensional communication channel, is considered as a complete tool for dissemination news and has provided market stakeholders with access to complementary information. The purpose of this study is to investigate the relationship between disseminated earnings news on Twitter social media and the timeliness of accounting earnings information. Methodology: Data related to 345 companies listed in US S&P 500 (2016-2019), were collected and analyzed using Stata software. The tone analysis of the tweets is based on a specialized accounting vocabulary list. Results: The results showed that there is a significant relationship between the tone of disseminated earnings tweets by firms and the timeliness of the announcements of accounting earnings. Conclusion and Contribution: The interpretation of the results shows that the capability of social media as a news coverage channel allows companies to manage the earnings announcement timeliness by inevitably dissemination negative news on Twitter. Thus, despite the effective role of social media as a source of complementary awareness, this environment can be prone to strategic news dissemination by companies.

Purpose: The present study investigates the effect of business strategy on the relationship between corporate social performance and market reaction in the corona period. Methodology: This research is applied in terms of purpose and in terms of methodology, correlation and causal type (post-event). The statistical population of the study was the companies listed on the Tehran Stock Exchange and using the systematic elimination sampling method, 129 companies were selected as a sample of the research in an 8-year period between 2013 and 2020. To test the research hypotheses, multivariate regression method with combined data (year-company) and Stata software were used. Results: The results of the study show that in the coronavirus period, the disclosure of corporate social responsibility in the long run has a direct impact on the market reaction of investors. Also, in the coronavirus period, the disclosure of corporate social responsibility has a direct long-term effect on the level of abnormal returns. Conclusion: Findings show that in the coronavirus period, aggressive strategy has a direct effect on the relationship between corporate social responsibility disclosure and the market response of investors. Also, the use of aggressive strategy in the coronavirus period affects the relationship between corporate social disclosure and abnormal returns. Contribution: Companies that increased their innovation and social activities during the Coronavirus crisis, faced increased investors' reactions and long-term stock returns.

Purpose: The purpose of this study is to investigate the effect of investors' sentiments on the social responsibility performance of companies listed on the Tehran Stock Exchange. Therefore, it tries to examine and evaluate how companies react to these sentiments and decide on the level of social responsibility resulting from companies' private information. Methodology: For this purpose, data related to 120 companies listed on the Tehran Stock Exchange during the period 2009 to 2020 were extracted and the combined data regression model was used to test the research hypotheses. Results: The results show that investors' sentiments based on stock turnover and stock spending have a significant effect on the company's social responsibility activities. According to the research results, it can be stated that the impact of social responsibility activities on the company's performance has been confirmed. Also, the results show that corporate valuation constraints do not have a significant effect on the relationship between investor sentiment and corporate social responsibility activities. Finally, the interactive effect of investors' horizons and investors' sentiments on the company's social responsibility activities is confirmed in terms of stock turnover, but is rejected in terms of stock spending. Conclusion: The results of this study indicate that social responsibility activities lead to an impact on stock markets. In other words, after high emotional periods, socially responsible companies get lower returns. Therefore, as an important corporate strategy, disclosure of social responsibility is affected by the investor’, s sentiments. Contribution: Changes in investors’,sentiment led to the identification of risks and opportunities associated with changes in corporate behavioral factors and provide the conditions for improving social responsibility activities.