نوع مقاله : مقاله پژوهشی
نویسنده
دکتری حسابداری، گروه حسابداری، دانشگاه آزاد اسلامی، واحد نجفآباد، نجفآباد، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسنده [English]
The relevance and usefulness of the information can be measured by the relationship between financial information, types of returns, and market value. This is the basis of the activities carried out in the field of evaluating value relationships. The concept of value communication is the ability of financial figures to summarize information under stock prices. Accordingly, the aggressive financial reporting motives reduce value communication. One of the reasons for the opportunistic actions of executives and the audacious financial reporting of Tunneling. Tunneling views are the collusion between major shareholders and management that is conducted through management transactions with affiliated entities. The identification and elimination of tunneling will help to improve the relevance and usefulness of financial statements and the relevance of financial information. Therefore, by choosing the best criteria for corporate governance mechanisms, good governance can be used as the best deterrent to tunneling. Accordingly, the purpose of this study was to investigate the ability of financial figures to summarize stock price information based on the tunneling approach using the role of moderating good governance. The statistical population of the study consisted of all listed companies in Tehran Stock Exchange during the period of 2009-2017. The sample size is based on a systematic elimination method of 158 companies. The research method is based on combined data and multiple regression. Evidence from research suggests that tunneling reduces the level of financial information relevance. Other results of the study are not that good governance has a reverse effect on tunneling. Good governance also undermines the inverse effect of tunneling on value ties. These results suggest the need for good governance in companies and the limitation of tunneling.
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