Document Type : Research Paper
Authors
Abstract
In current business world, companies require suitable strategies for
better use of their resources and wealth to solve their economic
problems. For this goal, one way is development of investment. In
addition to development of investment, the efficiency of investment is
so important. Hence, this study examines the effect of financial
reporting quality and debt maturity on investment efficiency. for data
analysis and Hypothesis testing the multiple regressions models was
used .This research has been done in 104 listed companies in Tehran
Stock Exchange based on data contained in financial reports between
2007 – 2012. The results show that upper financial reporting quality
and lower debt maturity can improve investment efficiency .results
also show firms with higher (lower) use of short-term debt, exhibit
lower (higher) financial reporting quality effect on investment
efficiency. In other world, financial reporting quality and debt
maturity are mechanisms with some degree of substitution in
enhancing investment efficiency.
Keywords
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