Journal of Accounting Advances
Year:2019 | Volume:10 | Issue:2 (75/3)|Papers Count:10

This study examines the impact of competition in the audit market on auditing fees; It also examines the moderating role of the audit market size. Experimental findings relating to the study of 133 companies listed on the Tehran Stock Exchange, from 2007 to 2015, showed that competition in the auditing market has a negative and significant impact on auditing fees. Besides, the size of the audit market exacerbates the negative effect of competition in the audit market on audit fees. Other findings showed that competition in the audit market leads to a decline in audit quality and the audit market size does not affect the relationship between competition in the audit market and auditing fee.

The main purpose of the present experimental study is to examine the effect of financial reporting quality on the relationship between agency costs and the speed of adjustment of the stock price. Eight of Pantzalis and Park’ s indicators (2013) were used to measure agency costs. Also, the variable of the speed of adjustment stock prices measured by Hao and Muscovites method (2005). The variable of the quality of the financial reporting is measured by the two indicators of profit management, McNichols and Stoben (2008) and financial information transparency score. The statistical population of this study encompasses the companies listed on the Tehran Stock Exchange. The statistical sample of this study consists of 1089 firms listed on the Tehran Stock Exchange during 2009-2017. The research method is correlational and postoperative causality and the hypothesis testing method is correlation and regression test. The results of this study showed that agency costs provide a negative and significant effect on the speed of adjustment of the stock price. However, no evidence was found to indicate the role of financial reporting quality adjustment in the interaction between agency costs and stock price adjustment speed.

Several studies in Tehran Stock Exchange have examined the effect of dividends on earnings quality; but few studies have been conducted to examine the effect of dividends on earnings quality when the type of firms’ ownership is different. Consequently, the purpose of this paper is to investigate the moderating effect of the type of firms’ ultimate ownership on the relationship between dividends and earnings quality. Earning quality variables are measured using the variables of earnings sustainability, accruals quality, and investors’ response to earnings. To achieve this goal, the data of 720 companies during the financial periods from 2009 to 2016 is used. The research results showed that in those firms’ in which dividends are paid, dividends are associated with more persistent earnings, higher accrual quality, and greater earnings' informativeness, and the hypothesis of dividend information content can be confirmed for Iranian firms; But the type of ownership of the firms’ can affect the severity of this relationship. Hence, that the informativeness role of dividends, when it comes to the earning quality, is lower in state-owned structure companies in comparison with non-governmental firms.

Cash inventories are an important part of a business's assets and they have always attracted the attention of various researchers. In this study, the effect of corporate social responsibility disclosure (CSRD) on the level of cash holding of companies listed in the Tehran Stock Exchange has been investigated, and two communication channels of special risk and systematic risk have been considered to explain how the independent variable affects the dependent variable. In order to achieve the research goal, 122 companies have been selected from the companies listed on the Tehran Stock Exchange from 2009 to 2016 by a systematic elimination sampling method. The research findings showed that the corporate social responsibility disclosure has a positive and significant effect on the level of cash holding. The results also showed that an increase in the corporate social responsibility disclosure does reduce the specific risk of the company and the level of cash holding.

Given the growing importance of intangible assets in a knowledge-based economy, the main purpose of this study is to investigate the role of intellectual capital and its components (efficiency of capital used, efficiency of human capital, and efficiency of structural capital) as criteria of intangible assets on forecasting the financial crisis. To test hypotheses, the accuracy of financial ratio– based models, and models utilizing both financial ratio and intangible assets measures was compared by using data of a sample of 200 financially distressed firm-years and 200 non-distressed firm-years. The empirical data was collected from listed companies in the Tehran Stock Exchange, over the ten years of 2006 to 2015. The major results of this study showed that the accuracy of combined models is significantly more than financial ratio-based models in both Boosting and Bagging methods. That is, intangible assets proxies improve the ability of financial ratio-based models to predict financial distress. Also, the findings of the present study revealed that the more the time between prediction years and financial distress occurrence, the more the effect of intangible asset measures on the accuracy of financial distress prediction models.

Stock price synchronicity is a relative measure of companyspecific information in comparison with the market and industry data that is reflected in stock prices; therefore, it is inverse to transparency. The purpose of this paper is to investigate the effect of managerial optimism on stock price synchronicity. To achieve this goal, the satistical sample of this study consists of 112 firms listed on the Tehran Stock Exchange during 2010-2016. The Piotroski & Roulstone's model (2005) was used to measure stock price synchronicity and managerial optimism has been measured based on three criteria including accuracy of profit prediction by managers, the surplus of capital expenditures, and the remainder of the company’ s growth model. The findings showed that optimism (surplus capital expenditures) has a positive and significant effect on synchronization. But There was no significant effect on the other two optimistic proxies.

The purpose of this study is to investigate the effects of ownership structure and firm performance on tax planning among Iranian public listed firms. Based on the above purpose, 137 firms that is 685 firm-year during the financial periods from 2010 to 2014 were selected. The results showed that with the increase in the ownership of institutional investors and government investors in the company, the tax policy becomes more daring. In other words, governmental owners push the firm to have a more aggressive tax policy. Thus, the more the firm has the governmental owners, the more aggressive tax policy it will make. Other results suggest that financial performance does not have a significant effect on corporate tax policy.

The review of the literature shows that there are different findings regradin the relationship between abnormal audit fees and financial reporting quality. The reasons for these different results can be determined by a minor and detailed analysis of the abnormal audit fees; therefore, this research intends to investigate the relationship between abnormal audit fees and financial reporting quality in the emerging market like Tehran Stock Exchange (TSE). In this regard, the effect of the abnormal audit fees on the quality of financial reporting in 86 companies listed on the Tehran Stock Exchange during the period 1390 to 1395 was examined. To test the research hypotheses, a multivariate regression model, and the least-squares method have been used. The result showed that there is a positive and significant effect of jump at abnormal audit fees on financial reporting quality. Moreover, results showed long-term abnormal audit fee has a positive and significant effect on financial reporting quality.

The purpose of this paper is to examine the framework of scientific research papers in international accounting journals to address the status of the structure of global accounting scientific papers and to present a common pattern of scientific methods in accounting. First, using the library method, a conceptual framework consisting of eleven components of the structure of research papers was presented. Then, using content analysis, the structure of 643 articles from 2009 to 2017 was reviewed among 78 international accounting journals with different degrees of validity. The results showed that, generally, the structure of accounting articles is in accordance with the structure prescribed in the research method for a scientific article, and only two parts of the theoretical framework and suggestions are not consistent with the desirable characteristics of a scientific article. In addition, the results showed that 37 and 36 percent of the articles don't have the section of “ suggestions and limitations. In contrast, 75, 94 and 93 percent of the articles have the desired characteristics of title, resources, and introduction. Finally, the ranking of the journals was determined using quartile and the results were compared.

Audit fee depends on several factors, including the characteristics of the auditing firm, the characteristics of the owner, the professional conditions, the users, and the competitive environment. Consequently, this research seeks to introduce new factors influencing audit fees and ultimately provide the effective factors in the form of a model. Accordingly, the present study seeks to answer the research question of what is the appropriate model for audit fee. In this research, given the purpose of the study, the grounded theory method has been used. The results of this study indicate that some of the components of the model extracted in this research, on which studies have already been carried out, are almost consistent with the literature. However, in this model, certain factors and variables have been accentuated and some other factors have been added to the previous models.