عنوان انگلیسی مقاله:

The Effects of Earnings Quality Criteria on the Agency Costs: (Evidence from Tehran Stock Exchange Market)

ترجمه عنوان مقاله: اثر معیارهای کیفیت سود در هزینه آژانس: (شواهدی از بورس اوراق بهادار تهران)

رشته: مالی و حسابداری

سال انتشار: 2016

تعداد صفحات مقاله انگلیسی: 9 صفحه

منبع: الزویر و ساینس دایرکت

نوع فایل: pdf

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چکیده

Abstract The Effects of Earnings Quality Criteria on the Agency Costs

This research explores the effects of various criteria of the earnings quality on the agency costs of the companies. It attempts to respond to the following queries: “what are the effects of the earnings quality on the agency costs? The results of regression analysis suggest that there is no significant difference between the TSE market and other developed markets in the sense that a reverse significant relationship exists between different criteria of the earnings quality information and agency costs criteria. The results of MANOVA also indicate that when earnings quality information is high, the firms’ agency costs are lower.

Keywords: Agency costs, Earnings quality criteria, Agency theory, Information quality, Tehran Stock Exchange

مقدمه

Introduction The Effects of Earnings Quality Criteria on the Agency Costs

In the last few decades, with flourishing trade and increasing investments in shares, the issues of separation of management from ownership, agency theory and the role of the financial information, have caught the attention of managers, investors and researchers (Jensen & Meckling, 1976). Consequently, special attention has focused on the costs of the agency. Generally, the costs of the agency are raised because of the existence of a potential conflict of  interest which might exist between the managers (agents) and investors (principals).

Given the conflict of interests and incompatible objectives that might be prevalent between managements and investors, managements may take some actions which may jeopardize the interest of the investors. To eliminate or alleviate this obstacle, managers and investors should jointly agree to establish various costly contractual agreements and to establish appropriate control mechanisms to monitor agents’ actions, self-interest behaviour and their performances (Namazi, 2013).

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