تاثیر تعدیل گری حاکمیت شرکتی بر رابطه بین مدیریت سود تعهدی و عملکرد شرکت
محورهای موضوعی : نقش اطلاعات حسابداری در اطلاع بخشی و کارایی بازار سرمایه
1 - گروه حسابداری، دانشگاه شهید باهنر، کرمان، ایران
کلید واژه: مدیریت سود, عملکرد مالی, حاکمیت شرکتی.,
چکیده مقاله :
این پژوهش به بررسی رابطه بین مدیریت سود و عملکرد شرکت با تأکید بر نقش تعدیل‌کننده حاکمیت شرکتی می‌پردازد. بر اساس تئوری نمایندگی، مدیران ممکن است از مدیریت سود به‌عنوان ابزاری برای افزایش منافع شخصی استفاده کنند، که این امر می‌تواند منجر به سوءاستفاده و کاهش کیفیت گزارش‌های مالی شود. مکانیسم‌های حاکمیت شرکتی، مانند هیئت‌مدیره کارا و مستقل، برای کنترل مدیریت سود فرصت‌طلبانه و بهبود کیفیت گزارش‌های مالی ضروری هستند. ویژگی‌های هیئت‌مدیره، از جمله اندازه، ترکیب، مالکیت و استقلال، می‌توانند بر میزان کنترل مدیریت سود تأثیرگذار باشند.جامعه آماری این پژوهش شامل شرکتهای پذیرفته‌شده در بورس اوراق بهادار تهران در دوره زمانی ۱۳۹1 تا ۱۴۰۱ است. داده‌ها از طریق نرم‌افزار ره‌آورد نوین و سامانه کدال جمع‌آوری شده‌اند. یافته‌ها نشان می‌دهند که مدیریت سود بر عملکرد شرکت تأثیر دارد و مدیران از مدیریت سود برای بهبود عملکرد کوتاه‌مدیت شرکت استفاده می‌کنند. با این حال، کیفیت حاکمیت شرکتی نقش تعدیل‌کننده‌ای در این رابطه نداشته است. همچنین، مدیرانی که تحت فشار سهامداران و بازار هستند، تمایل به سرمایه‌گذاری در پروژه‌های کوتاه‌مدت با بازده سریع دارند و از فرصت‌های بلندمدت با بازدهی بالاتر غافل می‌شوند. این پژوهش از نوع کاربردی و با روش تجربی پس‌رویدادی انجام شده است و نتایج آن بر اهمیت تقویت مکانیسم‌های حاکمیت شرکتی برای کاهش مدیریت سود فرصت‌طلبانه و بهبود عملکرد بلندمدت شرکت‌ها تأکید می‌کند.
چکیده انگلیسی:
This study examines the relationship between earnings management and firm performance, emphasizing the moderating role of corporate governance. Based on agency theory, managers may use earnings management as a tool to enhance personal benefits, which can lead to abuse and reduce the quality of financial reporting. Corporate governance mechanisms, such as an efficient and independent board of directors, are essential to controlling opportunistic earnings management and improving financial reporting quality. The characteristics of the board of directors, including size, composition, ownership, and independence, can influence the extent of earnings management control. The statistical population of this research includes companies listed on the Tehran Stock Exchange from 2012 to 2022. Data were collected using the Rahavard Novin software and the Codal system. The findings indicate that earnings management affects firm performance, and managers use earnings management to improve short-term company performance. However, corporate governance quality did not play a moderating role in this relationship. Additionally, managers under pressure from shareholders and the market tend to invest in short-term projects with quick returns while neglecting long-term opportunities with higher profitability. This applied research adopts an ex-post empirical method, and its results highlight the importance of strengthening corporate governance mechanisms to reduce opportunistic earnings management and enhance long-term firm performance
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الف) منابع فارسی
اميرکبيری، عليرضا، حسين قرهبيگلو و بهجت آبچر، (1397)، "ارتباط استراتژیهای مالی و حاکميت
شرکتی بر رفتار تونلوار سهامداران بر عملکرد شرکتهای پذيرفته شده در بورس اوراق بهادار تهران"،
فصلنامه مهندسی مالی و مديريت اوراق بهادار، دانشکده مديريت واحد تهران مرکزی، دوره ،9 شماره
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