Document Type : Research Paper
Authors
1 Assistant Professor of Accounting, Univesity of Raja
2 Master of Accounting, Islamic Azad University, Qeshm
Abstract
This paper investigates the relation between fraudulent financial
reporting and firms’ dividend policies. Specifically, this research
concentrated on situations that it is possible to classify financial
restatement into fraudulent and non-fraudulent based on the
management’s incentives for discretionary accounting choices .
The data is related to 247 firms (consisted of 2,238 firm-year
observation) during 1381-1390. A Meet-or-beat model was used to
classify firms as making discretionary accounting choices for
opportunistic meet-or-beat. 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
fraudulent financial reporting furthermore, the negative association
between dividend paying status and fraudulent financial reporting is
stronger when the size of dividend payouts is larger .Overall, results
suggest firm’s dividend policy is indicative of its earnings quality.
Specifically, dividend policy unfolds the manager’s incentives for
financial restatements.
Keywords
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