Roya Darabi; Saeeid Barzegar
Abstract
The purpose of this study is to investigate the effect of tax avoidance on the relationship between government ownership and financial constraints of listed companies in Tehran Stock Exchange. For this purpose, the financial constraints were calculated using (Kz) Kaplan and Zingales (1998) and (ww) Whited ...
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The purpose of this study is to investigate the effect of tax avoidance on the relationship between government ownership and financial constraints of listed companies in Tehran Stock Exchange. For this purpose, the financial constraints were calculated using (Kz) Kaplan and Zingales (1998) and (ww) Whited and Wu (2006), and tax avoidance using three effective tax rate indicators, effective tax rates, and the tax accounting difference. The research sample consisted of 114 manufacturing companies from 2007 to 2016. The result of estimating research models using combined data shows that there is not a meaningful relationship between firms with state-owned enterprises compared to non-state-owned companies with financial constraints. In addition, among the interactive variables of state ownership, with the effective tax rate, the effective rate of cash tax and the tax accounting difference were not found to be related to the financial constraint. Avoiding tax can affect the information environment by causing ambiguity and lack of transparency of information and misuse of resources for opportunistic managers.
seyed hesam vaghfi; roya darabi
Volume 4, Issue 1 , March 2018, , Pages 59-72
Abstract
The financial distress of companies leads to waste of resources and lack of investment opportunities. The timely detection of companies that are financially distressed is highly desirable. The phenomenon of profits manipulation is commonly used at the frontier of accounting and finance knowledge, which ...
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The financial distress of companies leads to waste of resources and lack of investment opportunities. The timely detection of companies that are financially distressed is highly desirable. The phenomenon of profits manipulation is commonly used at the frontier of accounting and finance knowledge, which has always been one of the most controversial issues of accounting in professional contexts. The main purpose of the present research is to assess the existence of profit manipulation in financially helpless companies as well as the effect of the role of state ownership in modifying this relationship. To do this, based on the research variables, Benford’s law has examined the existence or absence of profit manipulation in helpless financial companies. The results of the hypothesis test based on the data of 648 years of the Stock Exchange Company from 1387 to 1395 indicate that the managers of financially helpless financial corporations are manipulating profits, and in fact, the profit figures in these companies do not follow Benfford’s law, and if the companies have government ownership There is no change in the company's non-compliance with Benford's law.
Seyed Javad Habibzadeh Baygi; Roya Darabi
Volume 3, Issue 1 , March 2017, , Pages 9-20
Abstract
Undoubtedly one of the best ways to analyze the impact of government ownership of the company's performance is compare the performance of government agencies and private companies. The aim of this study was to evaluate the effect of government ownership of the economic and financial performance of the ...
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Undoubtedly one of the best ways to analyze the impact of government ownership of the company's performance is compare the performance of government agencies and private companies. The aim of this study was to evaluate the effect of government ownership of the economic and financial performance of the company. The samples included 150 companies during 2010 to 2014 and fuzzy regression was used to test the hypotheses. In this study, return on assets as a measure of financial performance and economic value added as a measure of economic performance is considered. In addition, the firm size and the financial leverage as control variables in the statistical model is intended. The results showed no significant relationship between state ownership and economic and financial performance of the company. The test results also show that the positive relationship between firm size with the financial and economic performance and negative relationship between financial leverage with the financial and economic performance.
