تحلیل رفتار مدیران در گزارش سود: ارزیابی نقش تصمیمات ناکارای سرمایهگذاری و محدودیتهای مالی

برادران حسن­زاده، رسول؛ بادآور نهندی، یونس و نگهبان، لیلا. (1393)، تأثیر محدودیت­های مالی و هزینه­های نمایندگی بر کارایی سرمایه­گذاری. پژوهش‌هایحسابداری مالی، سال ششم، شماره اول، ص­ص 106-89.

پورحیدری، امید؛ رحمانی، علی و غلامی، رضا. (1392). بررسی تأثیر مدیریت واقعی سود بر رفتار سرمایه­گذاری شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران. پیشرفت­هایحسابداری، دورهپنجم، شمارهاول، ص­ص 85-55.

ثقفی، علی و عرب­ مازار یزدی، مصطفی. (1389). کیفیت گزارشگری مالی و ناکارایی سرمایه گذاری، پژوهش‌های حسابداری مالی، 4 (6)، ص­ص 20- 1.

حجازی، رضوان و فرهادی، حمید. (1396). بررسی تأثیر مدیریت سود بر ناکارایی سرمایه­گذاری شرکت‌ها، پژوهش‌های نوین در حسابداری و حسابرسی، دوره 1، شماره 1، ص­ص 116-93.

حسنی، محمد و کنگرانی فراهانی، مریم. (1394). آزمون حساسیت بیش و کم سرمایه­گذاری به جریان­های نقدی آزاد با تمرکز بر هزینه­های نمایندگی و محدودیت­های مالی، پایان­نامه کارشناسی ارشد حسابداری، دانشگاه آزاد اسلامی واحد تهران شمال.

حسنی، محمد و ناصراسلامی، شقایق. (1395). تأثیر سیاست­های مدیریت سود حسابداری بر ناکارآیی سرمایه­گذاری، مجموعه مقالات کنفرانس بین­المللی اقتصاد و مدیریت، بروکسل بلژیک.

حسنی، محمد و نعیمی، شهناز. (1394). تأثیر اهرم مالی بر رابطه بین کیفیت گزارشگری مالی و کارایی سرمایه­گذاری، مجموعه مقالات دومین کنفرانس بین­المللی پژوهش‌های نوین در مدیریت، اقتصاد و حسابداری، کوالالامپور مالزی.

فخاری، حسین و رسولی، شادی. (1392). بررسی اثر محافظه­کاری و کیفیت اقلام تعهدی بر کارایی سرمایه­گذاری. پژوهش‌هایتجربیحسابداری، سال دوم، شماره 8، ص­ص 100-81.

کاشانی­پور، محمد؛ راسخی، سعید؛ نقی نژاد، بیژن و رسائیان، امیر. (1389). محدودیت‌های مالی و حساسیت سرمایه‌گذاری به جریان‌های نقدی در بورس اوراق بهادار تهران، پیشرفت‌های حسابداری، 3، 74-51.

مدرس، احمد؛ حصارزاده، رضا. (1387). کیفیت گزارشگری مالی و کارایی سرمایه­گذاری. فصلنامه بورس اوراق بهادار، سال اول، شماره 2، ص­ص 116-85.

نمازی، محمد و غلامی، رضا. (1393). تأثیر مدیریت سود مبتنی بر اقلام تعهدی بر کارآیی سرمایه­گذاری شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران. دانش حسابداری، سال پنجم، شماره 17، ص­ص 48-29.

Agca, S. , and Mozumdar, A. , (2008). The impact of capital market imperfections on investment–cash flow sensitivity. Journal of Banking and Finance, Vol 32, PP: 207– 216.

Almeida, H. , and Campello, M. , (2007). Financial constraints, asset tangibility, and corporate investment. Review of Financial Studies, Vol 20, PP: 1429–1460.

Banos-Caballero, S. , Garcia-Teruel, P. J. and Martinez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints. Journal of Business Research. Vol 16, Issue 3, PP: 332-338.

Baradaran Hassanzadeh, R. ; Badavar Nahandi, Y. and Negahban, L. (2014). The Impact of Financial Constraints and Agency Costs of Investment Efficiency. Financial Accounting Researches, Volume 6, Issue 1, Page 89-106. (In Persian)

Bar-Gill, O. & Bebchuk, L. (2002) , Misreporting corporate performance, Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series, Paper 400.

Biddle, G. , Hilary, G. , Verdi, R. (2009). How Does Financial Reporting Quality Relate to Investments Efficiency?, Journal of Accounting and Economics, 48: 112-131.

Biddle, G. and Hilary, B. (2006) , Accounting quality and firm-level capital investment, The Accounting Review, 81, 963-982

Brown, J. R. , and Petersen, B. C. (2009) , Why has the investment–cash flow sensitivity declined so sharply?, Rising R&D and Equity Market Developments, Journal of Banking and Finance, Vol 33, PP: 971–984

Campello, M. & Graham, J. R. (2013) , Do stock prices influence corporate decisions? Evidence from the technology bubble, Journal of Financial Economics, 107 (1) , 89-110.

Chaney, S. K. , & Lewis, C. M. (1995) , Earnings management and firm valuation under asymmetric information, Journal of Corporate Finance: Contraction, Governance and Organization, 1, 319-345.

Cohen, D. & Zarowin, P. (2009) , Economic Consequences of real and Accrual-based earnings management activities, Working Paper, New York University

Dechow, P. , Sloan, R. , Sweeney, A. (1995) , Detecting earnings management, The Accounting Review 70: 193-225.

DuCharme, L. , Malatesta, P. , & Sefcik, E. (2004) , Earnings management, stock issues, and shareholder lawsuits, Journal of Financial Economics, 71: 27-49

Dye, r. (1988) , Earnings manangement in an overlapping generations model, Journal of Accounting Research, 26: 195-235

Ebrahimi Rad, Seyed Sajad; Zaini, Embong; Norman, Mohd-Saleh and Romlah, Jaffar (2015) , Financial Information Quality and Investment Efficiency: Evidence from Malaysia, Asian Academy of Management, Journal of Accounting & Finance, Vol 12, No 1, PP: 129-151.

Fakhari, H. and Rasooli, Sh. (2013) , the study of accruals and conservatism effect on investment efficiency, Journal of Empirical Researches in Accounting, Volume 2, Issue 4, Page 81-100. (In Persian)

Fazzari, S. M. , Hubbard, R. G. , & Petersen, B. C. (1988) , Financing Constraints and Corporate Investment, Brookings Papers on Economic Activity, pp: 141-195.

Gomariz, Mª Fuensanta Cutillas and Ballesta, Juan Pedro Sánchez. (2014) , Financial reporting quality, debt maturity and investment efficiency, Journal of Banking & Finance No 40,494–506

Hadlock, C. & Pierce, J. (2010) , new evidence on measuring financial constraints: moving beyond the KZ index, Review of Financial Studies, 23: 1909–1940.

Hassani, M. and Kangarani Farahani, M. (2016) , Examination the Sensitivity of Over Investment and Under Investment to Free Cash Flows with focus on Agency Costs and Financial Constraints, Master Thesis, Islamic Azad University-Tehran North Branch. (In Persian)

Hassani, M. and Naeimi, Sh. (2016) , The Effect of Financial Leverage on the relationship between Financial Reporting Quality and Investment Inefficiency, 2nd International Conference on Modern Research’s in Management, Economics & Accounting, Kuala lumpur, Malaysia.

Hassani, M. and Nasereslami, Sh. (2016) , The effect of Accounting Earnings Management Policies on Investment Inefficiency, 6th International Conference in Economics & Management, Brussels, Belgium

Hejazi, R. and Farhadi, H. (2017) , Analysis of earnings management influence on the investment, Journal of New Researches in Accounting and Auditing, Volume 1, No 1, Page 93-116. (In Persian)

Hovakimian, G. , (2009) , Determinants of investment cash flow sensitivity, Financial Management, Vol 38, PP: 161–183

Jensen, M. C. , (1986) , Agency Costs of Free Cash Flow, Corporate Finance and Takeovers, American Economic Review, 76: 323-329.

Kaplan, S. & Zingales, L. (1997) , Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?, Quarterly Journal of Economics, 112 (1): 169-215.

Khashanipour, M. ; Rasekhi, S. ; Naghinejad, B. and Rassayian, A. (2011) , Financial Constraints and Investment-Cash Flow Sensitivity in Tehran Stock Exchange, Journal of Accounting Advances, Volume 2, Issue 2, Page 51-74. (In Persian)

Kothari, Sp. , Leone, A. J. , Wasley, Ch-E. , (2005) , Performance matched discretionary accrual measures, Journal of Accounting and Economics, 39, PP: 163–197.

Kurt, Ahmet C. (2017). How Do Financial Constraints Relate to Financial Reporting Quality? Evidence from Seasoned Equity Offerings, European Accounting Review, Pages 1-31.

Lambert, R. , C. Leuz, and R. E. Verrecchia, (2006) , Accounting Information, Disclosure, and the Cost of Capital, Working Paper, Available at: www. ssrn. com

Linck, James S; Netter, Jeffry; Tao Shu, (2013) , Can Managers Use Discretionary Accruals to Ease Financial Constraints?, Evidence from Discretionary Accruals Prior to Investment, Accounting Review, Vol 88, Issue 6.

Long, L. E. , Ofek, E. , and Stulz, R. (1996) , Leverage, Investment and Firm Growth, Journal of Financial Economics, 40, 3-29.

McNichols, Maureen F. and Stubben, Stephen R. (2008) , Does Earnings Management Affect Firms’ Investment Decisions?, The Accounting Review, Vol. 83, No. 6, pp. 1571–1603.

Modarres, A. and Hasar Zadeh, R. (2008) , Financial Reporting Quality and Investment Efficiency, Quarterly Journal of Securities Exchange, Volume 1, Issue 2, Page 85-116. (In Persian)

Myers, S. C. & Majluf, N. S. (1984) , corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics, 13 (2): 187-221.

Namazi, M. and Gholami, R. (2014) , Impact of Accrual-based Earnings Management on Investment Efficiency of the Companies Listed in Tehran Stock Exchange, Journal Accounting Knowledge, Volume 5, Issue 17, Page 29-48. (In Persian)

Pourheidari, O. ; Rahmani, A. and Gholami, R. (2013) , The Impact of Real Earnings Management on Investment Behavior of Companies Listed on Tehran Stock Exchange, Journal of Accounting Advances, Volume 5, Issue 1, Page 55-85. (In Persian)

Ramadan, I. Z. (2012) , Earnings management and investment behavior: the case of Jordan, International Journal of Academic Research, 4 (2): 38-45.

Saghafi, A. and Arab Mazar Yazdi, M. (2011) , Financial Reporting Quality and Investment Inefficiency, Financial Accounting Researches, Volume 2, Issue 4,
Page 1-20. (In Persian)

Shen, Chung-Hua, Luo, Fuyan, Huang, Dengshi, (2015) , Analysis of Earnings Management Influence on the Investment Efficiency of Listed Chinese Companies, Journal of Empirical Finance, doi: 10. 1016/j. jempfin. 2015. 08. 003

Sloan, R. (1996) , Do stock prices fully reflect information in accruals and cash flows about future earnings?, The Accounting Review, 71 (3): 289- 315.

Trueman, B. & Titman, S. (1988) , An Explanation for Accounting Income Smoothing, Journal of Accounting Research, No 26, PP. 127–139.

Verdi, R. (2006) , Financial Reporting Quality and Investment Efficiency, M. I. T. Working Paper

Wei Tang, Vicki. (2007) , Earnings Management and Future Corporate Investment, McDonough School of Business, Georgetown University, Working Paper, www. ssrn. com.