Document Type : Research Paper
Authors
Abstract
One of the ways to prevent fraud of management and increase the quality of financial information is the compliance quality characters of financial information, such as characteristic of conservatism. Adopt a conservative approach on the one hand by increasing the quality of financial information, and trading unit risk information, and ultimately reduces the cost of equity, But on the other hand, showing a poor image of the company, the risk of return on capital and at the result, cost of equity capital increases. In response to a question that ultimately conservatism increases costs of equity capital or reduce its, in this study the effect of the types of conservatism (conditional or unconditional) on the cost of equity capital has been studied. For this purpose, information about companies listed in Tehran Stock Exchange during the period 1382 till 1389 has been used. To assess the relationship between conditional and unconditional conservatism with cost of equity capital, respectively, the model of the Basu (1977) and criterion market to book value, by Beaver and Ryan (2005) is used. The results showed that the association between conditional conservatism and cost of equity capital is negative and significant. In other words, if the bad news, more and timely than good news, reflected in accounting profits, cost of equity capital will increase. But there is no clear and significant relation between unconditional conservatism, and equity participation.
Keywords
حسابداری، مدیریت مالی و عیوم اقتصادی، تهران انتشارات ترمه، چاپ اول.
.2 غفارلو، عسا . 1320 (. بررسی ارتساط بین ساختتارهای رقابتی محصووتت و محافظو ه -
کاری مشروط حسابداری. پایان نامه کارشناسی ارش . د دانشگاه شهید باهنر کرمان
.3 کردستانی، غلامرضا و ضیاء الدین متدی. 1324 (. بررسی رابطه بین ویژگیهای کیفوی
و هزینه سرمایه سهام عادی، بررسیهای حسابداری و حسابرس ، ی دوره چهاردهم، شماره
.42
.4 قائمی، محمد حسین؛ ودیعی، محمود حسوین و حوا ی پوور میو.م. 1322 پواییز(. تواثیر
محافظهکاری بر پایداری سود و نسست قیموت بوه سوود، دانوا حسوابداری، سوال اول
شماره دوم
.5 کمیتووه توودوین اسووتانداردهای حسووابداری، 1322 (، اصووول و ضوووابا حسووابداری و
حسابرسی: استانداردهای حسابداری، سازمان حسابرسی، چاپ هفدهم.
.1 محرومی، رامین. 1322 ( رابطه ارزش اطلاعات مالی حسوابداری محافظوه کارانوه و غیور
محافظه کارانه. پایان نامه کارشناسی ارش . د دانشگاه شهید باهنر کرمان
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