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The Effect of Government Ownership on Relationship between Information Competition and Earning Persistence

Document Type : Research Paper

Authors

1 Assistant Professor in Accounting, Department of Accounting, Hashtrood Branch, Islamic Azad University, Hashtrood, Iran.

2 Asistance Prof in Accounting, Department of accounting, Hashtrood Branch, Islamic Azad University, Hashtrood, Iran

Abstract

Today, information competition space, as an external importance mechanism, affects the company's management system and stable performance and government ownership in both complementary and destructive aspects can affect this impact. The purpose of this study is to investigate the effect of government ownership on the relationship between information competition and Earning persistenceof companies listed on the Tehran Stock Exchange.The statistical sample of the research includes 103 companies listed on the Tehran Stock Exchange for the period 2013 to 2020. In terms of purpose, the present study is an applied research using a post-event approach. For panel data, fixed-effect and random-effect models were used to estimate the research model using Eviews-8 software. The research results showed that information competition based on political relations and centralized institutional ownership increases Earning persistence and the interactive effect of government ownership with information competition further increases Earning persistence. That is, Government ownership and information competition are two complementary factors in achieving the goals of stakeholders.

Keywords

Main Subjects

References
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Empirical Studies in Financial Accounting
Volume 19, Issue 75
October 2022
Pages 41-68
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History
  • Receive Date: 25 December 2021
  • Revise Date: 29 July 2022
  • Accept Date: 31 July 2022
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