
تعداد نشریات | 21 |
تعداد شمارهها | 620 |
تعداد مقالات | 9,100 |
تعداد مشاهده مقاله | 67,319,594 |
تعداد دریافت فایل اصل مقاله | 7,805,297 |
Investigating the influence of the tone and readability of financial reporting on the components of corporate governance in Tehran Stock Exchange | ||
International Journal of Nonlinear Analysis and Applications | ||
مقالات آماده انتشار، اصلاح شده برای چاپ، انتشار آنلاین از تاریخ 11 اسفند 1403 اصل مقاله (445.46 K) | ||
نوع مقاله: Research Paper | ||
شناسه دیجیتال (DOI): 10.22075/ijnaa.2025.35832.5333 | ||
نویسندگان | ||
Ahmed Ali Rahman؛ Mohsen Dastgir* ؛ Saeid Ali Ahmadi | ||
Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran | ||
تاریخ دریافت: 28 آبان 1403، تاریخ بازنگری: 21 دی 1403، تاریخ پذیرش: 13 دی 1403 | ||
چکیده | ||
The current research investigates how the tone and readability of financial reporting influence corporate governance components on the Tehran Stock Exchange. Key independent variables include managerial, institutional, and family ownership, board size, board independence, gender diversity on the board, and audit committee characteristics. Tone and readability are dependent variables. The study analyzes data from 125 companies over ten years (2013-2022) using multiple regression tests. Findings reveal that institutional ownership and board independence positively affect the tone of financial reporting, while managerial and family ownership negatively impact it. Similarly, audit committee meetings and board independence enhance readability, with managerial and family ownership adversely affecting it. The research also explores the dynamics of two hypothetical variables, $R_t$ and $L_t$, through recurrence relations and simulations, highlighting oscillatory patterns and real-world challenges. A sophisticated mathematical model is introduced to examine the effects of corporate governance and external factors on tone and readability, employing recursive equations and stability analysis via eigenvalues. The findings provide insights for improving clarity and consistency in international financial reporting. | ||
کلیدواژهها | ||
Corporate Governance؛ Tone of Financial Reporting؛ Readability of Financial Reporting | ||
مراجع | ||
[1] L.S. Bamber, O.E. Barron, and T.L. Stober, Trading volume and different aspects of disagreement coincident with earnings announcements, Account. Rev. 72 (1997), no. 4, 575–597. [2] M.S. Beasley, An empirical analysis of the relation between the board of director composition and financial statement fraud, Account. Rev. 71 (1996), no. 4, 443–465. [3] L.S. Bamber, O.E. Barron, and T.L. Stober, Trading volume and different aspects of disagreement coincident with earnings announcements, Account. Rev. 72 (1997), no. 4, 575–597. [4] S. Bhagat and B. Black, The non-correlation between board independence and long-term firm performance, J. Corp. Law, 27 (2002), no. 2, 231–273. [5] S. Brown and S.A. Hillegeist, How disclosure quality affects the level of information asymmetry, Rev. Account. Stud. 12 (2007), no. 2-3, 443–477. [6] J.E. Core, R.W. Holthausen, and D.F Larcker, Corporate governance, chief executive officer compensation, and firm performance, J. Financ. Econ. 51 (1999), no. 3, 371–406. [7] A.K. Davis, J.M. Piger, and L.M. Sedor, Beyond the numbers: Measuring the information content of earnings press release language, Contemp. Account. Res. 29 (2012), no. 3, 845–868. [8] A.K. Davis and I. Tomasevic, A comparison of alternative tone measures in earnings conference calls, Working Paper, University of Oregon, 2012. [9] P.R. Demerjian, B. Lev, and S.E. McVay, Quantifying managerial ability: A new measure and validity tests, Manag. Sci. 58 (2012), no. 7, 1229–1248. [10] R. Feldman, S. Govindaraj, J. Livnat, and B. Segal, Management’s tone change, post earnings announcement drift and accruals, Rev. Account. Stud. 15 (2010), no. 4, 915–953. [11] J. Francis, R. LaFond, P.M. Olsson, and K. Schipper, The market pricing of accruals quality, J. Account. Econ. 39 (2005), no. 2, 295–327. [12] D.C. Hambrick and J.W. Fredrickson, Are you sure you have a strategy?, Acad. Manag. Execut. 15 (2001), no. 4, 48–59. [13] E. Henry, Are investors influenced by how earnings press releases are written?, J. Bus. Commun. 45 (2008), no. 4, 363–407. [14] X. Huang, S.H. Teoh, and Y. Zhang, Tone management, Account. Rev. 89 (2014), no. 3, 1091–1129. [15] M. Kazemi Olum, M. Abdi, H. Zalqi, and H. Jalalund, The impact of financial reporting readability on audit project risk criteria, Account. Audit. Rev. 27 (2019), no. 2, 202–230. [16] A. Klein, Audit committee, board of director characteristics, and earnings management, J. Account. Econ. 33 (2002), no. 3, 375–400. [17] S.P. Kothari, A.J. Leone, and C.E. Wasley, Performance matched discretionary accrual measures, J. Account. Econ. 39 (2005), no. 1, 163–197. [18] M. H. Lang and R.J. Lundholm, Corporate disclosure policy and analyst behavior, Account. Rev. 71 (1996), no. 4, 467–492. [19] D.F. Larcker, S.A. Richardson, and I. Tuna, Corporate governance, accounting outcomes, and organizational performance, Account. Rev. 82 (2007), no. 4, 963–1008. [20] F. Li, Annual report readability, current earnings, and earnings persistence, J. Account. Econ. 45 (2008), no. 2-3, 221–247. [21] T. Loughran, and B. McDald, When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks, J. Finance 66 (2011), no. 1, 35–65. [22] R.E. Miles and C.C. Snow, Organizational Srategy, Structure, and Process, McGraw-Hill, New York, 1978. [23] M. Mir Ali, F. Gholami Moghadam, and R. Hesarzadeh, Investigating the relationship between financial reporting tone and future company performance and market returns, Financ. Account. Knowledge 5 (2017), no. 3, 81–98. [24] S. Mirzaei, M.R. Abdoli, and A. Koshki Jahormi, Investigating the effect of pessimistic tone of financial reporting on bold financial reporting: protection of shareholders’ rights, Exper. Stud. Financ. Account. 16 (2019), 65. [25] M. Moradi, N. Ghadimi, and M. Torabi, Sentiment analysis of annual reports: A hybrid approach, Int. J. Data Anal. Tech. Strateg. 5 (2013), no. 2, 152–171. [26] M. Norouzi, K. Azinfar, I. Abbasi, and I. Dadashi, Designing a model and evaluating the moderating role of management ability on the relationship between financial reporting readability and agency cost, Financ. Account. Res. 12 (2019), no. 1, 1–18. [27] M.E. Porter, Competitive strategy: Techniques for analyzing industries and competitors, New York: Free Press, 2004. [28] Y. Rezaipitenoi and M. Safari Graili, Legibility of financial reporting and the possibility of fraudulent financial reporting, Financ. Account. Res. 10 (2017), no. 4, 43–58. [29] B. Shafizadeh, S.A. Hosseini, A. Rahmani, and M. Soltani, The role of financial reporting, transparency and corporate governance in protecting investors’ rights, Stock Exchange Quart. 11 (2017), no. 42, 74–95. | ||
آمار تعداد مشاهده مقاله: 41 تعداد دریافت فایل اصل مقاله: 45 |