نوع مقاله : مقاله پژوهشی
نویسندگان
1 استادیارحسابداری، دانشکده مدیریت و حسابداری، دانشگاه علامه طباطبایی، تهران، ایران
2 کارشناس ارشد حسابرسی، دانشکده مدیریت و حسابداری، دانشگاه علامه طباطبایی، تهران، ایران
چکیده
کلیدواژه‌ها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Complex disclosure limits the ability of users to extract useful information from the financial reports disclosed by firms and affects the decisions and perceptions of the stockholders of the information and adjusts their expectations of returns and consequently will affect the financing costs of the company. Based on this, the purpose of this research is to investigate the relationship between the readability of financial reporting and financing costs, as well as to investigate the moderating effect of profit quality and audit quality on this relationship in Iran's capital market. For this purpose, the data of 138 firms listed in Tehran Stock Exchange were collected for a ten-year period from 1391 to 1400, and the hypotheses of the research were investigated using the statistical method of multivariable linear regression. The results of the research hypotheses test show a significant and negative relationship between the readability of financial reporting and the cost of capital of companies. Also, the results show that profit management as an index of profit quality measurement intensifies the negative relationship between readability and financing costs. In other words, the increase in earnings management in companies with lower readability has led to an increase in financing costs. Also, the audit quality in companies that have lower readability has adjusted the cost of capital in a positive direction.
کلیدواژه‌ها [English]
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