The impact of accounting standards on the financial performance of listed companies (selected countries)

In today's financial arena, tax accounting standards play a central role in the transparency and financial performance of companies in the capital market. The current research focuses on evaluating the impact of tax accounting standards on the earnings and financial performance of companies listed in the stock markets of Iran and Iraq. This research includes ۴۶ banks in Iraq and ۲۲ banks in Iran using financial data from ۲۰۱۴ to ۲۰۲۲. Therefore, the main purpose of this study is to examine and in-depth analyze the impact of fiscal accounting standards and financial information management on key financial performance variables such as Return on Assets (ROA) and Return on Equity (ROE). In this study, using the DOLS dynamic modeling method, the results indicate a positive and significant effect of the standards on key performance variables such as ROA and ROE. This analysis demonstrates the necessity of adopting and committing to tax accounting standards to improve financial performance and reduce the tax burden of companies. In other words, the results of the panel data analysis using the DOLS model show that both tax accounting standards and financial information management are significantly related to the increase in financial efficiency of firms. Therefore, despite the differences in the economic and legal structures of the two countries, the findings of this research underscore the importance of integrating tax accounting standards and financial management in both markets. In this regard, paying attention to companies' tax records, increasing the accuracy of accounting registration systems, and training of human resources were highlighted as essential elements in improving financial performance. Comparing the results shows that while the effectiveness of tax accounting standards was emphasized in the Iraqi market, the financial leverage and stability of banks played a moderating role in Iran. These differences point to different needs in the implementation of specific policies in each country. In order to achieve balanced and sustainable development in both markets, financial and accounting policies should be formulated with prudence and flexibility in accordance with the organizational culture and legal framework of each country. Therefore, these findings suggest solutions for financial managers and policy makers in these two countries to improve financial performance and accounting transparency, and show that the adoption and strict adherence to tax accounting standards can lead to tax optimization and increase investors' returns.

کلیدواژه ها:

firm financial performance ، tax accounting standard ، accounting records ، asymmetric dynamic panel model