Izi, R., Garkaz, M., Saeidi, P., Matoofi, A. (2020). Reporting Quality of Financial Information Based On Behavioral and Value Accounting. Advances in Mathematical Finance and Applications, 5(1), 1-16. doi: 10.22034/amfa.2019.582810.1164
Roya Izi; Mansoor Garkaz; Parviz Saeidi; Alireza Matoofi. "Reporting Quality of Financial Information Based On Behavioral and Value Accounting". Advances in Mathematical Finance and Applications, 5, 1, 2020, 1-16. doi: 10.22034/amfa.2019.582810.1164
Izi, R., Garkaz, M., Saeidi, P., Matoofi, A. (2020). 'Reporting Quality of Financial Information Based On Behavioral and Value Accounting', Advances in Mathematical Finance and Applications, 5(1), pp. 1-16. doi: 10.22034/amfa.2019.582810.1164
Izi, R., Garkaz, M., Saeidi, P., Matoofi, A. Reporting Quality of Financial Information Based On Behavioral and Value Accounting. Advances in Mathematical Finance and Applications, 2020; 5(1): 1-16. doi: 10.22034/amfa.2019.582810.1164
Reporting Quality of Financial Information Based On Behavioral and Value Accounting
1Accounting Department, Gorgan Branch, Islamic Azad University of Gorgan, Iran
2Accounting Department, Ali Abad-Katoul Unit, Islamic Azad University, Ali Abad-katoul, Iran
3management Department, Gorgan Branch, Islamic Azad University of Gorgan, Iran
Abstract
The purpose of this research is to provide a model for reporting quality of financial information based on behavioral and value accounting of listed companies in Tehran Stock Exchange which is based on Structural Equation Modeling. This research in terms of applied purpose is applied research and in terms of data collection method is post-semi experimental research in the field of proofing accounting research with deductive- inductive approach. The statistical population of this is including the sample of 128 listed companies in the Tehran Stock Exchange between 2007 and 2017. The behavioral characteristics of managers (hidden variables) is measured by observable variables of myopia, opportunistic behavior and over confidence of managers and the value content of accounting information (hidden variable) is evaluated by the observable variables of relevance of profit and relevance of book value. And reporting quality of financial information is also investigated based on the scores accrued to each company and the announcement published by the Tehran Stock Exchange based on the companies' rating in terms of the quality of reporting and proper notification. After insuring the acceptable fitness of the measurement pattern and the structure of research in both approaches; Structural Equations Modeling and regression, the results indicate that there is a significant negative relationship between the behavioral characteristics of managers and the reporting quality financial information. Also, there is a positive and significant relationship between value content of accounting information and reporting quality of financial information.
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