سال انتشار: ۱۳۹۳
محل انتشار: کنفرانس بین المللی اقتصاد، حسابداری، مدیریت و علوم اجتماعی
تعداد صفحات: ۹
Marjan Azimi – M.A, Department of Accounting, university lecturer of mahdie khoy vocational
Younes Badavar Nahandi – Ph.D., Assistant Professor; Department of Accounting, College of Management, Economics & Accounting, Tabriz Branch, Islamic Azad University, Tabriz, IRAN
Today capital companies are made by collective trying of groups such managers, employees, shareholders and creditors. They come together through a variety of formal an informal contracts conclusion in a stock company. In recent years many conflicts between groups and how companies deal with such contradictions have been raised by economists. These are generally referred as agency theory. Indeed, agency theory proves that managers try to maximize profits to hide the bad news about company and report the good news about company, quickly. In the condition that the agency costs are high, there is a risk that conservatism in financial reporting reduces and management phenomena spread. This study investigates the relation between agency costs and conditional accounting conservatism in companies that have agency costs of free cash flow in listed companies for Tehran Stock Exchange. For this purpose, research condition with 92 companies in the period 1390 to 1385 has been selected as an example. The research method is in type of casual and analyasis method in the type of combination of multiple regression analysis by using Eviews software. In the present study, the Basu conservatism index is used to measure conditional conservatism (1997) and free cash flow and growth opportunities interaction are used to measure the agency costs. In this study, the agency costs are used as independent variables and conditional conservatism as dependent variable and the ratio of market value to book value, financial leverage and company size as control variable. The result show that there is a negative relation between agency cost and conditional conservatism.