بررسی ارتباط بین اجتناب مالیاتی و کارایی سرمایهگذاری با درنظرگرفتن توانایی مدیریتی شرکت‌های پذیرفته شده در بورس اوراق بهادار عراق
محورهای موضوعی : سرمایهگذاری
سری رباح عواد
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مسعود فولادی
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ليث نعمان حسون
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سعید شریفی
4
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مریم فرهادی
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1 - گروه حسابداری، واحد اصفهان (خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران.
2 - گروه حسابداری، واحد اصفهان (خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران.
3 - گروه حسابداری، دانشکده مدیریت و اقتصاد، دانشگاه تکریت، تکریت، عراق.
4 - گروه مدیریت و برنامه ریزی فرهنگی، واحد اصفهان (خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران.
5 - گروه حسابداری، واحد اصفهان (خوراسگان)، دانشگاه آزاد اسلامی، اصفهان، ایران.
کلید واژه: اجتناب مالیاتی, توانایی مدیریتی, کارایی سرمایهگذاری,
چکیده مقاله :
هدف: هدف مقاله حاضر بررسی نقش تعدیلگر توانایی مدیریت بر رابطه بین اجتناب مالیاتی و کارایی سرمایهگذاری در شرکت‌های پذیرفته شده در بازار بورس اوراق بهادار عراق است.
روش‌شناسی پژوهش: در پژوهش حاضر از مدلهای رگرسیون چندگانه با استفاده از داده‌های ترکیبی برای آزمون فرضیات استفاده شده است. جامعه پژوهش شامل شرکت‌های پذیرفته‌شده در بورس اوراق بهادار عراق طی سال‌های 2013 تا 2022 می‌باشد که از بین آنها 41 شرکت به عنوان نمونه آماری به روش حذف سیستماتیک انتخاب شده‌اند.
یافته‌ها: نتایج پژوهش حاضر نشان می‌دهد با افزایش اجتناب مالیاتی، سرمایهگذاری کمتر از حد افزایش مییابد. همچنین، با افزایش اجتناب مالیاتی، در شرکت‌هایی که دارای توانایی مدیریتی بالاتری هستند، سرمایهگذاری بیش از حد، کاهش مییابد و در نتیجه کارایی سرمایهگذاری افزایش مییابد.
اصالت / ارزش افزوده علمی: خدامی‌پور و همکاران (Khodamipour et al., 2020) در پژوهش خود به بررسی تأثیر توانایی مدیریتی و اجتناب مالیاتی بر کارایی سرمایهگذاری در بورس اوراق بهادار تهران پرداختند. درصورتی‌که پژوهش حاضر نمونه را به دو گروه متفاوت بر اساس سرمایهگذاری بیش از حد و سرمایهگذاری کمتر از حد در بازار بورس اوراق بهادار عراق تقسیم نموده که منجر به ارائه نتایج متفاوتی شده است.
Purpose: This study aims to examine the moderating role of managerial ability in the relationship between tax avoidance and investment efficiency among firms listed on the Iraq Stock Exchange.
Research Methodology: To test the hypotheses, the study employs multiple regression models using panel data. The research population includes companies listed on the Iraq Stock Exchange from 2013 to 2022, out of which 41 firms were selected through a systematic elimination method.
Findings: The results indicate that increased tax avoidance leads to higher underinvestment. Moreover, in firms with higher levels of managerial ability, the level of overinvestment tends to decrease in response to increased tax avoidance, thereby improving investment efficiency.
Originality / Value: While Khodamipour et al. (2020) examined the effect of managerial ability and tax avoidance on investment efficiency in the Tehran Stock Exchange, the present study takes a novel approach by classifying the sample into two distinct groups—firms with overinvestment and those with underinvestment—within the context of the Iraq Stock Exchange. This classification leads to differentiated findings that contribute new insights into the role of managerial ability in emerging markets.
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