This study examines the relationship between stock return and conservatism in financial crisis period; and then it explores the relationship between capital cost and conservatism. Statistical population of the study includes accepted companies of Stock Exchange of Tehran from 2005-2012. To measure conservatism, Basu Model (1997) and to test research hypotheses, multi-step regression by combined data with fixed effects (panel data) were used. The experimental results using the information of 143 companies show that there is a positive and significant correlation between stock return and conservatism; while, there is no significant correlation between capital cost and conservatism. Thus, regarding this correlation, conservatism can be concerned as a mechanism for supporting stakeholders’ rights and fair representation of financial statements.
کلید واژگان :conservatism, capital cost, stakeholders’ return, Stock Exchange of Tehran
ارزش ریالی : 300000 ریال
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جزئیات مقاله
- کد شناسه : 6147314511999586
- سال انتشار : 2015
- نوع مقاله : مقاله کامل پذیرفته شده در کنفرانس ها
- زبان : انگلیسی
- محل پذیرش : The 1th International Conference on Management, Accounting and Economics
- برگزار کنندگان : Hakim e Orfi International Institute of Science and Technology
- تاریخ ثبت : 1395/06/16 11:28:39
- ثبت کننده : حسین پارسیان
- تعداد بازدید : 206
- تعداد فروش : 0