تاثیر قابلیت مقایسه صورت های مالی بر ساختار سررسید بدهی ها با تاکید بر نقش بیش اعتمادی مدیران

محورهای موضوعی : پژوهش های مالی و رفتاری در حسابداری

هنگامه ویسی زاده ¹ , اله کرم صالحی ²

1 - گروه حسابداری ، واحد مسجدسلیمان، دانشگاه ازاد اسلامی ، مسجدسلیمان، ایران
2 - گروه حسابداری ، واحد مسجدسلیمان، دانشگاه آزاد اسلامی ، مسجدسلیمان، ایران

تاریخ دریافت : 1400/04/02 تاریخ پذیرش : 1400/08/02 تاریخ انتشار : 1401/03/01

کلید واژه: بیش اعتمادی مدیران, ساختار سررسید بدهی, قابلیت مقایسه,

چکیده مقاله :

قابلیت مقایسه یکی از ویژگی‌های کیفی کلیدی اطلاعات حسابداری است که مقایسه صورت‌های مالی را تسهیل می‌کند. قابلیت مقایسه در بازار سرمایه و بدهی برای سرمایه‌گذاران و اعتباردهندگان بسیار حایز اهمیت است؛ زیرا تصمیم‌های سرمایه‌گذاری و وام‌دهی بر ارزیابی فرصت‌ها یا پروژه‌های جایگزین مبتنی است و بدون وجود این اطلاعات قابل مقایسه نمی‌توان اقدام به اتخاذ تصمیم بهینه کرد. با توجه به اهمیت موضوع، در این پژوهش به بررسی تاثیر قابلیت مقایسه صورت‌های مالی بر ساختار بدهی‌ها با تاکید بر نقش بیش اعتمادی مدیران در بورس اوراق بهادار تهران در بازه زمانی 1392 تا 1398 با استفاده از اطلاعات 144 شرکت با استفاده از روش رگرسیونی حداقل مربعات تعمیم‌یافته و گشتاورهای تعمیم‌یافته پرداخته شده است. روش پژوهش از نوع کاربردی، توصیفی و با رویکرد قیاسی-استقرایی می باشد. برای اندازه گیری قابلیت مقایسه صورت‌های مالی از الگوی دی‌فرانکو و همکاران (2011) و به پیروی از پژوهش احمد و دوئلمن (2013) برای اندازه‌گیری بیش اعتمادی مدیران از بیش سرمایه‌گذاری استفاده شده است. نتایج پژوهش با استفاده از هر دو روش نشان داد که قابلیت مقایسه صورت‌های مالی باعث کاهش ساختار بدهی‌ها شده و بیش اعتمادی مدیران منجر به افزایش ساختار بدهی‌ها می گردد. همچنین بیش اعتمادی مدیران رابطه منفی بین قابلیت مقایسه صورت‌های مالی و سررسید بدهی‌ها را تشدید کرده و منجر به افزایش آن می‌شود.

چکیده انگلیسی:

Comparability is also one of the key quality features of accounting information that facilitates the comparison of financial statements, comparability in the capital market and debt is very important for investors and creditors; Because investment and lending decisions are based on evaluating alternative opportunities or projects, without this comparable information, no optimal decision can be made. Due to the importance of this issue, in this study, the effect of comparability of financial statements on debt maturity structure with emphasis on the role of managers' overconfidence in the Tehran Stock Exchange in the period 2014 to 2020 using the information of 144 companies using the generalized least squares and generalized moment procedure regression has been investigated. The research method is applied, descriptive and with deductive-inductive approach. To measure the comparability of financial statements, the model of De Franco et al. (2011) and following the research of Ahmed and Duellman (2013) to measure managers' overconfidence, over-investment has been used. The results using both methods show that the comparability of financial statements reduces the debt maturity structure and managers' overconfidence leads to an increase in the debt maturity structure. Managers' overconfidence also increases the negative relationship between the comparability of financial statements and debt maturity structure and increases its severity.

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