اثر مدیریت نوشتار و افشا بر عدم تقارن اطلاعات در شرکت های پذیرفته شده در بورس اوراق بهادار تهران

•   آرشیو : نسخه تابستان 1399
•   نوع مقاله : پژوهشی
•   کد پذیرش : 11303
•   موضوع : موضوعی تعریف نشده!
• نویسنده/گان : راضیه ره نورد
•   کلید واژه : مدیریت نوشتار، کیفیت افشا، عدم تقارن اطلاعات، اقلام تعهدی اختیاری
•   Title : The Effect of Tone Management and Disclosure on Information Asymmetry of listed companies on Tehran Stock Exchange
•   Abstract :
  Authors also see management Tone as unusual, that is, the level of Tone that is incompatible with the foundations of the company. In addition, anomalous Tone can be exploited with the opportunity to improve understanding of financial reports and thus mislead investors by using positive words to hide poor performance (Hong et al., 2014). In this study, for the management of optional accrual-based document Tone of the model (Ditch et al., 2002) and (Kutari et al., 2005) and for disclosing the checklist of financial statements of the board of directors and the asymmetry of information from the standard deviation of the model (Vankatsh Vichiang , 1986) have been used.
  Research hypothesis:
  - There is a positive relationship between tone management and disclosure quality index (ranking score).
  - There is a positive relationship between the effect of tone management on information asymmetry.
  - Lack of information symmetry plays the role of a moderating variable on the relationship between tone management and the quality index.
  Methods:
  To test these hypotheses, they were selected from the companies listed in Tehran Stock Exchange during the years 2014 to 2019. To test them, the multivariate and linear correlation method was used.
  Results:
  The results of this study show a positive relationship between the quality of disclosure and the management of the text, and there is a positive relationship between information asymmetry and text management.
  Discussion and Conclusion:
  Therefore, managers are expected to use tone and disclosure management simultaneously to cover the company's poor future performance.
•   key words :
  Tone management, disclosure quality, information asymmetry, optional accruals
•   مراجع :
  [1] Davis, A, k., Tama-Sweet, I. (2012). Managers Use of Language across Alternative Disclosure Outlets: Earnings Press Releases versus MD&A.
  [2] Contemporary Accounting Research: 29(3). 804-837.
  [3] Huang, X. , Teoh, S. , Zhang, Y. (2014). Tone Management. The Accounting review: 89(3) , 1083-1113.
  [4] Li, F.(2008). Annual Report Readability, Current Earnings and Earnings Persistence. Journal of Accounting and Economics:45, 221- 247.
  [5] Tan, H.Wang, E. , Zhou, B. (2014). When the Use of positive Language Backfires: The Joint Effcct on Tone, Readability, and Investor Sophistication on Earnings Judgments. Journal of Accounting Research: 52(1) , 273- 302.
  [6] Teoh, S., Welch, I., Wong, T. (1998). Earnings Management and the Long –Run Underperformance of Seasoned Equity Offerings. Journal of Financial Economics: 50, 63-100.
•  صفحات : 1-12
•   دانلود فایل ( 1.01 MB )