A study on relationship between earnings management and operating cash flows management: Evidence from Tehran Stock Exchange

This study investigates the impact of earnings management on operating cash flows management over the period 2004-2011 using the information of 119 firms listed on the Tehran Stock Exchange. Results indicate that there is a meaningful relationship between earnings management and operating cash flows management. In other words, earnings management creates and shapes operating cash flows management. In addition, after controlling for the loss reporting, firm size and firm's financial risk, the results show that there was a relationship between loss reporting and firm size with the cash flows management. When firms report loss, then operating cash flows increases. Finally, operating cash flows decreases when firm size increases. However, our survey does not provide any evidence to believe there is any relationship between financial risk and cash flows management

Factors Affecting Accounting Students’ Performance: The Case Of Students At The Islamic Azad University

AbstractSeveral factors may affect students’ academic performance at universities. This study aims to measure and study these factors using theories on academic performance. The present research enjoys a survey method. Using stratified random sampling method, a total of 450 students majoring accounting in 2011 at Islamic Azad university are randomly selected and finally, the data was analyzed using T-test. The results show that gender, type of diploma, interest and employment status are meaningfully related to the academic performance. However, it has been proved that student's marital status and family role in choosing major have no significant relationship with academic performance

The Effect of Corporate Governance and Audit Market Privatization on the Auditor Independence

Establishment of the Iranian Association of Certified Public Accountants and audit market privatization as the new phenomenon in Iranian audit market is taken into consideration by many researchers. The purpose of this paper is to investigate the effect of audit market privatization on auditor independence and accruals quality, and to study whether corporate governance mechanisms (duality of CEO and chairman of board of directors, the number of changes in board of directors and the change of CEO) can affect above relations. We test research hypothesis in listed firms on Tehran Stock Exchange (TSE) for the period of 2001 to 2011. Using multiple regression analysis, we have found that audit market privatization is negatively associated with auditor independence and accruals quality. Also, corporate governance mechanisms don’t decrease the negative relation between audit market privatization, auditor independence and accruals quality. This paper extends the audit market literature by examining how increased competition in the audit market affects auditor independence and accruals quality in emerging markets

The Effect of Corporate Governance and Audit Market Privatization on the Auditor Independence

Establishment of the Iranian Association of Certified Public Accountants and audit market privatization as the new phenomenon in Iranian audit market is taken into consideration by many researchers. The purpose of this paper is to investigate the effect of audit market privatization on auditor independence and accruals quality, and to study whether corporate governance mechanisms (duality of CEO and chairman of board of directors, the number of changes in board of directors and the change of CEO) can affect above relations. We test research hypothesis in listed firms on Tehran Stock Exchange (TSE) for the period of 2001 to 2011. Using multiple regression analysis, we have found that audit market privatization is negatively associated with auditor independence and accruals quality. Also, corporate governance mechanisms don’t decrease the negative relation between audit market privatization, auditor independence and accruals quality. This paper extends the audit market literature by examining how increased competition in the audit market affects auditor independence and accruals quality in emerging markets

Does Corporate Governance Affect the Corporate Performance Persistence by Economic Value Added in Listed Companies of Malaysian Stock?

Corporate governance is a mechanism used to reduce the conflict of interests and agency costs. It consists of intrinsic and extrinsic mechanisms. Company ownership structure is one of the most important extrinsic mechanisms of corporate governance and shareholders are able to monitor and control the company's directors' performance enabling them to reduce the costs and increase the firm value. This study aims to check whether corporate governance effect by EVA on the corporate performance persistence in listed companies of Malaysian stock and also to investigate the corporate governance practices in the registered companies in Bursa MY and their outcome on the relationship amongst corporate productivity and the extent practicing company set of rules and mechanisms. The sample includes the top 100 companies in Malaysia (FTSE Bursa MY Top 100 Index), registered in the Bursa MY, during 2009-2013 and because it is a comparative study, the final sample consisted of 84 companies. The statistical findings suggested that there is a correlation amongst corporate governance mechanisms and performance persistence, as measured by approximate EVA. Keywords: Company Performance; Corporate Governance Practices; Economic Value Added (EVA); Malaysian stock; ownership structure. JEL Classifications: G32, G3

Study and Research on the Six-Year Process of Bitcoin Price and Return

The purpose of this study, is create a challenge and discussion concerning the existence of information about the Bitcoin price and return, which suggests the relationship of information and the strong performance it. The information trends are available at different time periods and the summary data related to the statistical descriptions for the price and return index are also discussed. In this paper we show a significant correlation between the price trend and return in the Bitcoin that has been confirmed by various statistical methodology. Using statistical tests and reviewing trends and relationships between the variables, planning can be done to invest in it and its performance or inefficiency can be tested. The results of this research shows a significant and positive relationship between the price and return of Bitcoin

Relationship Between Abnormal Items of Accounts Receivable and Earnings Quality

This study investigate the relationship between abnormal items of accounts receivable and earnings quality over a 9 year period from 2003 to 2011 in 117 listed firm on Tehran stock Exchange. This paper use archival and correlation study as research methods. Using correlation method and multiple linear regression technique, the results of this study show a negative relation between abnormal items of accounts receivable and earnings quality. Research evidence also show debt ratio and profitability have a negative relation with earnings quality. Research outcomes also indicate that quality of earnings increase when firms report loss and firm size has no effect on earnings quality

Assessing the Competitive Ability of companies listed on the Tehran stock exchange based on Cross Efficiency Model and its Relationship with Cost of Equity

This study aimed to evaluate the relationship between competitiveness score and cost of equity. To this end, efficiency scores of companies were measured based on competitiveness using a cross efficiency model in data envelopment analysis (DEA), and its relationship with the cost of equity was examined using a multivariate regression model for 19 pharmaceutical companies listed on the Tehran Stock Exchange during the years 2015 to 2019. The investigation of the subject was carried out in two stages. In the first stage, assessment of competitiveness and obtaining the competitiveness efficiency score of companies were addressed using the mathematical model presented in this study, which was a secondary goal in cross efficiency. Moreover, the cost of equity was calculated using the Gordon model. In the second stage, statistical techniques were exploited to evaluate the competitiveness efficiency score and the cost of equity. The results achieved from the research indicated that there is a significant positive correlation between the variables of companies' efficiency scores based on competitiveness and cost of equity. This means that cost of equity and dividends will also increase by increasing competitiveness, which causes an increase in the external financing of companies.Este estudo teve como objetivo avaliar a relação entre o escore de competitividade e o custo de capital próprio. Para tanto, os escores de eficiência das empresas foram medidos com base na competitividade por meio de um modelo de eficiência cruzada em análise envoltória de dados (DEA), e sua relação com o custo do capital próprio foi examinada por meio de um modelo de regressão multivariada para 19 empresas farmacêuticas listadas na Bolsa de Valores de Teerã, no período entre os anos de 2015 a 2019. A investigação sobre o assunto foi realizada em duas etapas. Na primeira etapa, a avaliação da competitividade e a obtenção do escore de eficiência de competitividade das empresas foram abordadas por meio do modelo matemático apresentado neste estudo, o que era um objetivo secundário na eficiência cruzada. Além disso, o custo de capital próprio foi calculado usando o modelo de Gordon. Na segunda etapa, foram exploradas técnicas estatísticas para avaliar o escore de eficiência de competitividade e o custo de capital próprio. Os resultados obtidos na pesquisa indicaram que existe uma correlação positiva significativa entre as variáveis dos escores de eficiência das empresas com base na competitividade e no custo de capital próprio. Isso significa que o custo do capital próprio e dos dividendos também aumentará com o aumento da competitividade, o que acarreta um aumento no financiamento externo das empresas

Narcissism in Iranian auditing profession

This study investigates the level of Narcissism among 185 Iranian auditors groups and narcissism has been used to describe people behavior in people groups. The present study uses a questionnaire to measure Narcissism and to examine the hypotheses of the paper analysis of variance and T-test are used. The results of testing hypotheses show that the level of narcissism was significantly different in auditors groups in private sector. However, in public sector, the difference between narcissistic personality in auditors’ groups is not significant. Results of the study also indicated that, in private sector, narcissistic personality in young generation of auditors was higher than audit old generation. These results confirm previous studies on narcissism indicating that narcissistic behavior was high among young generation. We suggest the Iranian association of certified public accountants (IACPA) to review the ethical training needs for auditors. In addition, audit firms can provide a system to increase interaction among old generations of auditors with young generation of auditors