The Relationship between Information Risk, Cost of Equity Capital and Inventory Policies in Firms with Extensive Political Connections

سال انتشار: 1394
نوع سند: مقاله کنفرانسی
زبان: انگلیسی
مشاهده: 1,007

فایل این مقاله در 14 صفحه با فرمت PDF قابل دریافت می باشد

استخراج به نرم افزارهای پژوهشی:

لینک ثابت به این مقاله:

شناسه ملی سند علمی:

ICEMSS01_062

تاریخ نمایه سازی: 22 مهر 1394

چکیده مقاله:

This study Investigate the relationship between information risks, cost of equity capital and inventory policies in firms with extensive political connections that were listed in Tehran Stock Exchange Market between 2001 and 2011. The companies which have extensive political connections with the government through the TOPSIS multi-criteria decision method and entropy weight method were identified. Indicators of political costsinclude the market value of equity, total assets, income tax, number of employees; total export sale and paid insurance premium and the highest rank of the companies among the above-mentioned factors indicated the more extensive political connections of the companies. After ranking of 95 sampled companies, 43 top companies were classified in the group of companies that have extensive political connections with the government.The test result of the research hypotheses using multi-variable regression model and layout of combined data showed that there is significant and negative relation between accruals quality and inventory policies in firms with extensive political connections with government. Also there is a significant and negative relation between innate accruals quality and inventory policies in firms with extensive political connectionswith government. In addition, there is significant and negative relation between the cost of equity capital and inventory policies in firms with extensive political connections with government. But there is no significant relation between discretionary component of accruals quality and inventory policies in firms with extensive political connections with government.

کلیدواژه ها:

نویسندگان

Farzin Rezaei

Assistant Professor of Accounting, Islamic Azad University of Qazvin ,Faculty of Accounting and Management , Qazvin , Iran.

Mojtaba Vakilzadehroholamini

Department of Governmental management-Financial Orientated, university of Tehran, Iran.

Fariba Seifollah

Ario Vakilzadehroholamini

مراجع و منابع این مقاله:

لیست زیر مراجع و منابع استفاده شده در این مقاله را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود مقاله لینک شده اند :
  • University Publication. dition, rehranه" _ _ Asgharpour, M, 2 04, ...
  • Rezaei, F, Veisi Hesar, S, 2013, Effect of information risk ...
  • Abarbanell, J., and Bushee, B. 1998. Abnormal returns to a ...
  • Biddle, G.C. 1980. Accounting methods and management decisions: The case ...
  • Boubakri, N., Guedhami, O., Mishra, D., Saffar, _ 2012. Political ...
  • Chaney, P.K., Faccio, M., Parsley, 2011. The quality of accounting ...
  • Cushing, B. E., and LeClere, M. J. 1992. Evidence on ...
  • Dopuch Nicholas and Morton Pincus, 1988. Evidence on the choice ...
  • Ecker, F., Francis, J., Kim, I., Olson, P. M., and ...
  • Francis, J., LaFond, R., Olsson, P., Schipper, K., 2005. The ...
  • Gopal V. Krishnan. Bin Srinidhi. Lixin (Nancy) Su. 2008. Inventory ...
  • Gopalakri shnan, V. 1994. Accounting choice decisions and unlevered firms: ...
  • Gray, P., Koh, P., Tong, Y., 2009. Accruals quality, information ...
  • Leuz, C., Verrecchia, R., 2004. Firms capital allocation choices, information ...
  • Lev, B., and Thiagarajan, S. R. 1993. Fundamental information analysis. ...
  • Lindahle Fredrick W, 1989. Dynamic analysis of inventory accounting research. ...
  • Morck, Randall K., Stangeland, David A., Yeung, Bernard, 2000. Inherited ...
  • Morck, Randall K., Yeung, Bernard, 2004. Family control and the ...
  • Niehouse Gregory, R. 1989. Ownership structure and inventory method choice. ...
  • Stolowy, H., Bereton, G. 2004. A framework for the classification ...
  • نمایش کامل مراجع