Ali Saghafi; Ghasem Blue; Narges Rezapour
Volume 14, Issue 53 , April 2017, , Pages 9-44
Abstract
The importance of human capital (HC) is a broadly accepted concept and human capital financial reporting as the traditional concept of "human resource accounting", has a long history. However, human capital financialreporting is still an unresolved problem in reporting which makes the investigation ...
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The importance of human capital (HC) is a broadly accepted concept and human capital financial reporting as the traditional concept of "human resource accounting", has a long history. However, human capital financialreporting is still an unresolved problem in reporting which makes the investigation of human capital reporting quality an important issue. The research provides evidence on the value relevance and information contentof "Capital-Based Human Capital Financial Reporting Model". For this purpose, we utilized the value relevance models as an experimental framework. Using cluster sampling, we chose and examined 22 corporations,from 2011 to 2015. We utilized OLS to test our research hypothesis. The results indicated that capital-based model is relevant for measuring and reporting Iranian corporations' HC. After verifying the relevancecharacteristic using a quasi-experimental method, the information content of the model was examined by applying four-group experimental design with pretest and posttest at a higher level. The results of this experiment performed in controlled conditions and with the help of graduate accounting students of Allameh Tabataba'i University revealed that there are no significant difference between experimental and control groups' responses, and therefore there is no additional information content
Ali Saghafi; Ghasem Blue
Abstract
The significance and critical role of human capital (HC) is broadly accepted. Human capital financial reporting as the classic "human resource accounting", has a long history. As a result, many methods have been proposed for HC measuring and reporting. Given that the HC financial reporting is still an ...
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The significance and critical role of human capital (HC) is broadly accepted. Human capital financial reporting as the classic "human resource accounting", has a long history. As a result, many methods have been proposed for HC measuring and reporting. Given that the HC financial reporting is still an unsolved problem, it is important to evaluate the quality of HC measurement and reporting models. The research offers evidences about the relevance and information content of "Capital-Based Human Capital Financial Reporting Model". For this purpose, we utilized the value relevance models as an experimental framework. Using cluster sampling, we chose and examined 22 corporations, from 2011 to 2015. We utilized OLS to test our research hypothesis. The results indicate that capital-based model is relevant for measuring and reporting Iranian corporations' HC. After verifying the relevance characteristic using a quasi-experimental method, at a higher level, information content of the model was examined by applying four-group experimental design with pretest and posttest. The results of this experiment, performed in controlled conditions and with the help of graduate accounting students of Allameh Tabatabai University, show no significant difference between experimental and control groups' responses, and therefore no additional information content.
Rahmat Allah Houshmand Zaferanie; Omid Pourheydari
Volume 12, Issue 45 , April 2015, , Pages 39-58
Abstract
The purpose of this study is investigation of the type and information content of accounting adjustments of Firms Listed in the Tehran Stock Exchange (TSE). In this regard, in order to measure the information content of accounting adjustments, the mean cumulative abnormal returns before and after the ...
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The purpose of this study is investigation of the type and information content of accounting adjustments of Firms Listed in the Tehran Stock Exchange (TSE). In this regard, in order to measure the information content of accounting adjustments, the mean cumulative abnormal returns before and after the information has been released. The data used, has been extracted from firms listed in the Tehran Stock Exchange (TSE) in the period 1380-1389. A paired comparison test is used for testing of hypotheses and data analyses. The results of the present study showed that there accountings adjustments have been information content to capital markets and the market shows negative reaction to the accounting adjustments. Also, results showed that the Iran capital market shows a negative reaction to accounting adjustment of errors kinds accounting, income and costs transfers; So that the difference in average abnormal returns for these adjustments were %3/41, %3/44 and %4/52. In addition, the results showed that the cumulative abnormal returns before and after the publication of information on the accounting adjustment of type positive accounting errors, there is not a significant correlation, Therefore, we cannot determine that the market reacts to such adjustments or not. In other words, the capital market show not is interpreting reaction to accounting adjustments of positive accounting errors.
Hassan Farajzadeh Dehkordi; Leila Aghaei
Volume 12, Issue 45 , April 2015, , Pages 97-114
Abstract
This paper investigates the relation between fraudulent financialreporting and firms’ dividend policies. Specifically, this researchconcentrated on situations that it is possible to classify financialrestatement into fraudulent and non-fraudulent based on themanagement’s incentives for discretionary ...
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This paper investigates the relation between fraudulent financialreporting and firms’ dividend policies. Specifically, this researchconcentrated on situations that it is possible to classify financialrestatement into fraudulent and non-fraudulent based on themanagement’s incentives for discretionary accounting choices .The data is related to 247 firms (consisted of 2,238 firm-yearobservation) during 1381-1390. A Meet-or-beat model was used toclassify firms as making discretionary accounting choices foropportunistic meet-or-beat. Furthermore, a fixed effects logisticregression with panel data was used to test hypothesis. Results showthat dividend-paying firms have less likelihood to engage infraudulent financial reporting furthermore, the negative associationbetween dividend paying status and fraudulent financial reporting isstronger when the size of dividend payouts is larger .Overall, resultssuggest firm’s dividend policy is indicative of its earnings quality.Specifically, dividend policy unfolds the manager’s incentives forfinancial restatements.
Abstract
While perior studies faild to document a meaningful relationship between financial restatement, as a measure of earnings quality, and firms’ dividend paying policy, the purpose of the present study is to reinvestigate this relationship by classifying financial restatements into opportunistic and ...
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While perior studies faild to document a meaningful relationship between financial restatement, as a measure of earnings quality, and firms’ dividend paying policy, the purpose of the present study is to reinvestigate this relationship by classifying financial restatements into opportunistic and non-opportunistic based on management incentives in using discretionary accruals. The data is related to 247 firms (consisted of 2,238 firm-year observations) during 1381-1390. A Meet-or-beat model was applied to determine opportunistic financial reporting. Furthermore, a fixed effects logistic regression with panel data was used to test hypothesis. Results show that dividend-paying firms have less likelihood to engage in opportunistic financial reporting through fincial restatements. Furthermore, the negative association between dividend paying status and opportunistic financial reporting is stronger when the size of dividend payouts are larger. Overall, results suggest firm’s dividend policy is indicative of its earnings quality. Specifically, dividend policy unfolds the manager’s incentives behind the financial restatements.
