بررسی تجربی تاثیرگذاری قابلیت مقایسه و خوانایی صورت‌های مالی بر اجتناب از قیمت‌گذاری نادرست سهام شرکت‌ها

نوع مقاله : مقاله پژوهشی

نویسندگان

1 استادیار گروه حسابداری، دانشگاه پیام نور، تهران، ایران

2 استادیار گروه حسابداری واحد زنجان، دانشگاه آزاد اسلامی، زنجان، ایران

3 کارشناسی ارشد حسابداری، دانشگاه پیام نور، تهران، ایران

10.22051/jfm.2024.43428.2808

چکیده

پژوهش حاضر به دنبال بررسی تاثیرگذاری قابلیت مقایسه و خوانایی صورت­های مالی بر اجتناب از قیمت‌گذاری نادرست سهام شرکت­ها است. در راستای حصول به اهداف پژوهش، اطلاعات نمونه­ای مرکب از  127 شرکت پذیرفته شده در بورس اوراق بهادار که طبق الگوی حذف سیستماتیک انتخاب شده بودند برای یک دوره زمانی 10 ساله (1400- 1391) گردآوری شد و از آنجا که داده­های دوره 1400 در محاسبات مورد نیاز بود از 9 دوره جهت کارهای آماری استفاده شد. برای آزمون فرضیه‌های پژوهش از یک مدل رگرسیون چندمتغیره خطی بهره گرفته شد. به منظور قیمت­گذاری نادرست سهام، از مدل گسترش‌یافته پانتزالیس و پارک (2013) و برای سنجش خوانایی و قابلیت مقایسه صورت­های مالی نیز، به ترتیب از شاخص فوگ و شاخص سود-بازده استفاده شده است. نتایج آزمون فرضیه­های پژوهش نشان داد افزایش هر دو متغیر خوانایی گزارش‌های مالی و قابلیت مقایسه اطلاعات حسابداری به طور مجزا، منجر به کاهش حجم قیمت‌گذاری نادرست سهام می‌شود. به علاوه، بررسی‌های بیشتر آشکار ساخت تعامل دو متغیر فوق نیز منجر به مبادله و شکل‌گیری قیمت‌های سهام در ارقامی نزدیک به ارزش‌های ذاتی آن‌ها شده و حجم قیمت­گذاری نادرست سهام به دلیل کاهش نابرابری اطلاعاتی کاهش می‌یابد

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

Empirical Investigating of the Impact of Comparability and Readability of the Financial Statements on Avoiding of the Companies Shares' Incorrect Pricing

نویسندگان [English]

  • Vahab Rostami 1
  • Mehdi Mohammadi 2
  • Hamed Kargar 3
1 Assistant Prof. , Department of Accounting, Payame Noor University, Tehran, Iran
2 Assistant Prof, Department of Accounting,, Zanjan branch, Islamic Azad University, Zanjan, Iran
3 MA. In Accounting, Payame Noor University, Tehran, Iran
چکیده [English]

The present study aim is to empirically investigate the impact of comparability and readability of financial statements on avoiding incorrect pricing of company shares. In order to achieve the objectives of the research, a sample of 127 companies listed in the Stock Exchange, which were selected according to the systematic elimination pattern, was collected for a period of 10 years from 2013 to 2022, and since the data of the period 2022 in the calculations It was needed for 9 years and was used for statistical work. A multivariable linear regression model was used to test the research hypotheses. For incorrect pricing of shares, the model previously developed by Pantzalis and Park (2013) and for measuring the readability and comparability of financial statements, the fog index and the profit-return index were used, respectively. The results of the research hypotheses test showed that the increase of both the readability of financial statements and the ability to compare accounting information separately leads to a decrease in the volume of incorrect stock pricing. In addition to that, further investigations revealed the interaction of the above two variables and led to the exchange and formation of stock prices in figures close to their intrinsic values, and the volume of incorrect stock pricing has decreased due to the reduction of information inequality

کلیدواژه‌ها [English]

  • Comparability of Financial Information
  • Stock incorrect pricing
  • Readability of financial statements
  • Quality of financial information

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  • تاریخ دریافت: 23 فروردین 1402
  • تاریخ بازنگری: 07 دی 1402
  • تاریخ پذیرش: 18 اردیبهشت 1403

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