نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشیار گروه حسابداری دانشگاه پیام نور، ایران
2 عضو علمی گروه حسابداری دانشگاه پیام نور، ایران
3 کارشناس ارشد دانشگاه پیام نور، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The aim of this study is to investigate the role of corporate governance in the timely of reporting the restated financial information and the effect of corporate governance on the relation between restated financial information and abnormal returns. A sample of 160 list companies in Tehran Stock Exchange for the period of 2012-2017 has been selected. The results show that there is a direct relationship between independence of the board of directors, Chief Executive Officers (CEO) change and auditor change with Timely of the restated financial information. Other results show that there is no relationship between duties duality of CEO and Timely of the restated financial information. The results show that after the date of restatement, Timely of the restated financial information is effect on abnormal returns and unexpected earnings is not important for this result. other results show that CEO change is influence on the relationship between abnormal returns and season information after date of restated financial information. Eventually the results show that in firms by Timely of the restated financial information that reports season information after date of restated, the change of CEO is not influence on the relationship between unexpected earnings and abnormal returns. This result can be accepted in the firms that do not reports restated financial information by timely.
کلیدواژهها [English]
14. Abdollah S. (2012).” Board Composition, Audit Committee and timeliness of Corporate Financial Reports in Malaysia”. Corporate Ownership and Control, 4(2): 33-45.
15. Abdullah, S.N., Mohamad Yusof & Mohamad Nor, (2010). “Financial Restatements and Corporate Governance among Malaysian Listed Companies”. Managerial Auditing Journal, 25: 526-552.
16. Ahmad, M. Mohamed, H. Puat Nelson, Sh.(2016). “The Association between Industry Specialist Auditor and Financial Reporting Timeliness - Post MFRS Period”. Procedia - Social and Behavioral Sciences, 219: 55-62.
17. Chen, X. Cheng, Q. & Lo, A. (2014). “Is the Decline in the Information Content of Earnings Following Restatements Short-lived?”. The Accounting Review, 89(1): 177–207.
18. Chung, R. (2014). “Real and accrual earnings management and risk of reduce of long-term stock return in IPO: evidence from US companies”. International Journal of Forecasting.
19. Ettredge, M., Huang, Y., & Zhang, W. (2012). “Restatement Disclosures and Management Earnings Forecasts”. Electronic copy available at: http://ssrn.com/abstract=1764524.
20. Gleason, C. A., N. T. Jenkins & W. B. Johnson. (2008). “The Contagion Effects of Accounting Restatements”. The Accounting Review, 83: 83-110.
21. Hirschey , M., Kevin R. Smith & wendy M. Wilson. (2015). “The Timeliness of Restatement Disclosures and Financial Reporting Credibility”. Journal of Business Finance & Accounting, 42(7) & (8): 826–859.
22. Jen Hi, Li; Chiang, H, siangtsai. (2015). “Financial Reports Quality and Corporate Social Responsibility”. Asian Economic and Financial Review, 5: 453-467.
23. Lefort, F. Urzua, F. (2008). “Board Independence, Firm Performance and Ownership Concentration: Evidence from Chile”. Journal of Business Research, 61(6): 615-622.
24. Li, L. Yel, R. (2009). “Information technology and performance: Linking with environmental”. strategic and managerial contexts, Information & Management, 35: 43-51.
25. Liangbo, Ma. Shiguang, Ma. Gary, T. (2016). “Family control, accounting misstatements, and market reactions to restatements: Evidence from China”. Emerging Markets Review, 28: 1-27.
26. Mahajan, P. & Chander, S. (2013). “Timeliness of Corporate Disclosure: An Evidence from Indian Companies”. Decision, 35(2): 2-20.
27. Palmrose Z., Richardson, V., & Scholz, S. (2004). “The determinants of market reactions to restatement announcements”. Journal of Accounting and Economics, 37: 59–89.
28. Palmrose, Z., Scholz, S. )2004(. “The circumstances and legal consequences of non-GAAP reporting: evidence from restatements”. ContemporaryAccounting Research, 21(1): 139–180.
29. Tzu-Ching, W. Guang-Zheng Ch. Hsin-Yi, Ch. (2017). “Effects of directors and officers liability insurance on accounting restatements”. International Review of Economics & Finance, 49: 437-452.
30. Wu, M. (2002). “Earnings Restatements: A Capital Market Perspective”. Ph.D. Dissertation, New York University, Stern School opf Business Administration, Department of Accounting.
31. Xia, W. (2006). “Accounting Restatements: A Comparison betweenChina and USA”. Journal of Modern Accounting and Auditing, 2(10): 10-15.
32. Yu-Ho, C. & Sun, H, (2014). “Reoccurrence of Financial Restatements: The Effect of Auditor Change, Management Turnover and Improvement of Internal Control”. Journal of Accounting and Finance, 14(2): 28-44.
)