بررسی رابطه غیرخطی بین افشا و عملکرد مالی با تمرکز بر نقش مدیریت سود: شواهدی از شرکت‌های پذیرفته شده در بورس اوراق بهادار ایران

نوع مقاله: مقاله پژوهشی

نویسندگان

1 دانشجوی کارشناسی ارشد، دانشگاه آزاد اسلامی، واحد آیت‌الله آملی، آمل، ایران

2 استادیار، دانشگاه آزاد اسلامی، واحد آیت‌ا... آملی، آمل، ایران

چکیده

هدف این مطالعه، بررسی رابطه غیرخطی بین افشا و عملکرد مالی با تمرکز بر نقش مدیریت سود در شرکت­های پذیرفته شده در بورس اوراق بهادار تهران طی دوره زمانی 95-1390 می‌باشد. نتایج با استفاده از روش پانل پویا (GMM) نشان می­دهند که بین افشای اختیاری و عملکرد مالی شرکت­ها رابطه غیرخطی (U معکوس) برقرار است. به عبارت دیگر، افزایش افشا تا سطح آستانه­ای (بهینه) می­تواند عملکرد مالی شرکت­ها را بهبود بخشد و افشای بیشتر از سطح آستانه، عملکرد مالی را کاهش می­دهد. همچنین مدیریت سود، اثر افشا بر عملکرد مالی را به طور محسوس کاهش می­دهد. علاوه بر آن، تعدیل عملکرد مالی و مدیریت سود، اثر تقویت کننده استقلال هیات مدیره بر رابطه بین افشا و عملکرد مالی شرکت­ها را به شدت کاهش می‌دهد. 

کلیدواژه‌ها

موضوعات


عنوان مقاله [English]

Earning Management Effects On Nonlinear Relation between Disclosure and Financial Performance

نویسندگان [English]

  • mehrnaz yaftian 1
  • somaye sadeghi 2
1 MSc. Student of Accounting, Isamic Azad University, Ayatollah Amoli Branch, Amol, Iran
2 Assistant professor of Accounting, Isamic Azad University, Ayatollah Amoli Branch, Amol, Iran
چکیده [English]

This paper is aimed to investigate the nonlinear relation between disclosure and financial performance and effects of earning management on this relation. The sample consists firms listed in Tehran exchange, during the period from 2000 to 2016. This study uses panel GMM method and results show that there is an inverse U relation between discretionary disclosure and financial performance. In other words, increase of disclosure at threshold level may improve financial performance, but its increase more than threshold level decreases financial performance. Also, findings indicate that earning management significantly decreases the effects of disclosure on financial performance. Moreover, earning management and financial performance adjustments significantly decrease the effect of board independence on relation between disclosure and financial performan

کلیدواژه‌ها [English]

  • Disclosure
  • financial performance
  • earning management
  • GMM model
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