Investigating the impact of the Covid-19 disclosure on the relationship between corporate governance and audit quality in companies listed on the Tehran Stock Exchange

Subject Areas : Corporate governance

Zohreh Hajiha ^{1 *} , Mehdi Tahaghoghi Haj Ghorbani ²

1 - Professor of Accounting Department, East Tehran branch, Islamic Azad University, Tehran, Iran
2 - PhD Student in Accounting, Kish International Branch, Islamic Azad University, Kish Island, Iran.

Received: 2023-11-03 Accepted : 2024-07-03 Published : 2024-09-24

Keywords: Covid-19, corporate governance, audit quality, Tehran Stock Exchange,

Abstract :

The current research was conducted with the aim of investigating the impact of the Covid-19 disclosure on the relationship between corporate governance and audit quality. The present study is an applied research in terms of implementation and an analytical-correlation research in terms of purpose, and in the category of positive accounting research. Also, it is a quantitative research in terms of the implementation process that has been done with a deductive-inductive approach. From the point of view of the implementation time frame, since the historical information of the sample companies was used in conducting this research, it is among the retrospective longitudinal researches. The companies listed on the Tehran Stock Exchange, which number is 460 from 2018 to March 2022, and it can be said that all of them have been affected by the Covid-19, constitute the research statistical population. Among this statistical population, a sample of 120 companies was selected by systematic elimination method, which was used for the models estimation and testing the research hypotheses. In the descriptive statistics section of the research, the data have been analyzed using quantitative methods, including mean, standard deviation and regression tools. Based on the obtained results, the impact of the Covid-19 disclosure on the relationship between corporate governance and audit quality in companies listed on the Tehran Stock Exchange is confirmed.

References:

صائب، سمیه و فرضته کریمی، (1399)، "بررسی تأثیر بیماری کرونا (کووید-19) بر عملکرد کسب و کار (مورد مطالعه: کسب و کارهای کوچک و متوسط استان اردبیل)"، چشم‌انداز حسابداری و مدیریت، دوره 3، شماره 24، صص 93-84.
Jebran, K., Chen, S., 2021. Can we learn lessons from the past? COVID-19 crisis and corporate governance responses. Int. J. Financ. Econ. 1–9.
Sharif A., Aloui C., Yarovaya L. COVID19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet-based approach. Int. Rev. Financ. Anal. 2020 [Google Scholar]
Yeh, Y.M.C., Chen, H.W., Wu, M.C., 2014. Can information transparency improve earnings quality attributes? Evidence from an enhanced disclosure regime in Taiwan. Emerg. Mark. Financ. Trade 50 (4), 237–253.
Cimini, R., 2015. How has the financial crisis affected earnings management? A European study. Appl. Econ. 47 (3), 302–317.
Erkens, D.H., Hung, M., Matos, P., 2012. Corporate governance in the 2007–2008 financial crisis: evidence from financial institutions worldwide. J. Corp. Financ. 18 (2), 389–411.