Investigating the effect of financial decentralization on the relationship between financial leverage and cautious financial reporting in companies admitted to Tehran Stock Exchange

Subject Areas : Financial Knowledge of Securities Analysis

Masoud Taherinia ¹ (Assistant Professor, Department of Accounting, Faculty of Economic and Administrative Sciences, Lorestan University, Khorramabad, Iran)
Mohammad Jafari ² (Associate Professor, Department of Economics, Faculty of Economics and Administration, Lorestan University, Khorramabad, Iran)
Ali Hasanwand ³ (Master's degree in Economic Development and Planning, Faculty of Social Sciences and Education, Razi University, Kermanshah, Iran)

Received: 2017-12-08 Accepted : 2018-09-15 Published : 2020-03-20

Keywords: financial decentralization, financial leverage, cautious financial reportin,

Abstract :

Following the horrific events and crises that took place in the world's stock exchanges, especially in September 1997, and then the disclosure of Worldcom, Enron, Xerox and Parmalat in the world, and the collapse of the Tehran Stock Exchange in 2004, the issue of transparency of financial statements The title of a phenomenon is of great importance. Therefore, the present study examines the effect of financial decentralization on the relationship between financial leverage and cautious financial reporting in companies admitted to Tehran Stock Exchange. To do this research, information Related to the research literature using the library research method and the use of various copper papers Pinch of Web sites collected and used. To test the hypotheses of this research, 119companies were utilized during 2011-2011. Initially, the research variables were identified and the required information related to financial statements was extracted from the Stock Exchange web-sites and in the extended section of the excel class These data were tested to test the hypotheses and research models that were estimated by panel data using SPSS 19 and Eviews 1software. The results of this study indicate that between financial leverage and financially sound reporting in companies Accepted in Tehran Stock Exchange has a direct and significant relationship D.hmchnyn fiscal decentralization on the relationship between financial leverage and aggressive financial reporting of listed companies in Tehran Stock Exchange is not affected.

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