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torabi, iraj, dastgir, Mohsen, kiani, gholam hosein. (1403). The Effect of Accounting Comparability and Consistency on the pricing efficiency of discretionary accruals. , 9(34), 199-213. doi: 10.30495/ijfma.2022.67155.1842
iraj torabi; Mohsen dastgir; gholam hosein kiani. "The Effect of Accounting Comparability and Consistency on the pricing efficiency of discretionary accruals". , 9, 34, 1403, 199-213. doi: 10.30495/ijfma.2022.67155.1842
torabi, iraj, dastgir, Mohsen, kiani, gholam hosein. (1403). 'The Effect of Accounting Comparability and Consistency on the pricing efficiency of discretionary accruals', , 9(34), pp. 199-213. doi: 10.30495/ijfma.2022.67155.1842
torabi, iraj, dastgir, Mohsen, kiani, gholam hosein. The Effect of Accounting Comparability and Consistency on the pricing efficiency of discretionary accruals. , 1403; 9(34): 199-213. doi: 10.30495/ijfma.2022.67155.1842

The Effect of Accounting Comparability and Consistency on the pricing efficiency of discretionary accruals

International Journal of Finance & Managerial Accounting
دوره 9، شماره 34، شهریور 2024، صفحه 199-213  XML اصل مقاله (509.21 K)
نوع مقاله: Original Article
شناسه دیجیتال (DOI): 10.30495/ijfma.2022.67155.1842
نویسندگان
iraj torabi1؛ Mohsen dastgir email 2؛ gholam hosein kiani3
1Phd Student, Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
2Professor of Accounting , Department of Accounting, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
3Assistant Professor, Department of Economy, Isfahan University, Isfahan, Iran
چکیده
Managers can communicate accounting information to the capital market through discretionary accruals. Increasing the comparability and consistency of accounting allows managers to estimate discretionary accruals more accurately, and this can lead to pricing efficiency in the capital market. The purpose of this study is to investigate the effect of comparability and consistency on the pricing of discretionary accruals. The statistical population of the study includes all companies listed on the Tehran Stock Exchange. In order to achieve the objectives of the research, 107 companies were selected from the companies listed on the Tehran Stock Exchange from 2009 to 2020 as the statistical sample. Accounting consistency has been measured by employing the text mining and vector space model. In order to analyze the data and test the hypotheses, the Mishkin simultaneous equations model was used. The results show that when prior-period comparability (or consistency) is higher, current period discretionary accruals are less positively correlated with contemporaneous returns and less negatively correlated with future returns, consistent with our prediction that comparability (or consistency) improves the pricing efficiency of accruals.
کلیدواژه‌ها
Comparability؛ Consistency؛ Pricing of discretionary accruals؛ Mishkin test
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