Investigating the Relationship between Political Uncertainty and Market Irregularities: With Emphasis on the Risky Information Environment

الموضوعات :

Hossin Sharifirad ¹ (PhD Student, Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
negar Khosravipoor ² (Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran)
sina kheradyar ³ (Assistant Professor, Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran)
Mohammadreza Vatanparast ⁴ (Assistant Professor, Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran)

تاريخ الإرسال : 28 السبت , شعبان, 1442 تاريخ التأكيد : 25 الإثنين , ذو القعدة, 1442 تاريخ الإصدار : 08 الأحد , جمادى الثانية, 1444

الکلمات المفتاحية: Accrual Anomaly, Normal Stock Anomaly Cost, Firm Size, Political Uncertainty,

ملخص المقالة :

investors and managers are always faced with uncertainty in the information environment, which uncertainty can be due to factors such as the synchronization of stock returns, extraordinary fluctuations in stock returns and the number of equations. The purpose of this study is to investigate the political uncertainty caused by the size of the firm under the influence of risky information environment, the irregular behavior of accruals anomaly and the anomaly behavior of the cost of normal stock equity of companies. For this purpose, the data of 99 companies listed on the Tehran Stock Exchange and Iran TSETMC during the years 2009 to 2019 were examined and tested through combined data. The results showed that the political uncertainty caused by the firm size affected the concurrency stock returns with the optional accrual anomaly behavior and the cost of normal stock equity behavior of companies has a positive and signification relationship. The results also showed that the political uncertainty caused by the firm size is affected by the extraordinary fluctuation of stock returns with the optional accrual anomaly behavior and the cost of normal stock equity behavior of companies has a positive and signification relationship. In addition, the political uncertainty caused by the firm size is affected by the number of equations with the optional accrual anomaly behavior and the cost of normal stock equity behavior of companies has a positive and signification relationship.

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