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رابطه کیفیت سود و ریسک نقدشوندگی | ||
| پژوهش های تجربی حسابداری | ||
| مقاله 3، دوره 4، شماره 1 - شماره پیاپی 11، فروردین 1393، صفحه 37-53 اصل مقاله (1.36 M) | ||
| شناسه دیجیتال (DOI): 10.22051/jera.2014.610 | ||
| نویسندگان | ||
| منصور نخعی* ؛ کاوه مهرانی | ||
| دانشگاه تهران | ||
| چکیده | ||
| این تحقیق به بررسی رابطه میان کیفیت سود و ریسک نقدشوندگی می پردازد. کیفیت سود با استفاده از سه معیار، پایداری سود، ارتباط با ارزش و کیفیت اقلام تعهدی اندازه گیری شده است. ریسک نقدشوندگی نیز بصورت حساسیت بازده سهام نسبت به تغییرات غیرمنتظره در نقدشوندگی بازار تعریف می شود که در این تحقیق با استفاده از مدل ارائه شده توسط ویل (2006) اندازه گیری شده است. بررسی رابطه میان کیفیت سود و ریسک نقدشوندگی، با استفاده از اطلاعات 71 شرکت پذیرفته شده در بورس اوراق بهادار تهران طی دوره زمانی 1385 تا 1389 نشاندهنده وجود رابطه منفی و معنادار بین کیفیت اقلام تعهدی بعنوان معیاری از کیفیت سود و ریسک نقدشوندگی سهام می باشد. اما یافته های تحقیق رابطه معناداری میان پایداری سود و ارتباط با ارزش سود بعنوان معیارهای کیفیت سود و ریسک نقدشوندگی نشان نمی دهد. | ||
| کلیدواژه‌ها | ||
| ارتباط با ارزش سود؛ کیفیت اقلام تعهدی؛ پایداری سود؛ ریسک نقدشوندگی | ||
| عنوان مقاله [English] | ||
| The relationship between earnings quality and liquidity risk | ||
| نویسندگان [English] | ||
| Mansour Nakhaei؛ Kaveh Mehrani | ||
| چکیده [English] | ||
| Abstract: This research invetigates the relationship between earnings quality and liquidity risk. Earnings quality is measured using three different proxies: earnings persistence, value relevance, and accrual quality. Liquidity risk is also defined as the sensitivity of stock returns to unexpected changes in market liquidity and, in this research, is measured through the model introduced by Weil. The examination of the relationship between earnings quality and liquidity risk by using the data from 71 firms during the period from 1385 to 1389 indicates that there is a significant, negative relationship between accrual quality, as a proxy of earnings quality, and liquidity risk. However, the results indicate no significant relationship of earnings persistence and value relevance, as the proxies of earnings quality, with liquidity risk. | ||
| کلیدواژه‌ها [English] | ||
| Keyword: Value relevance, earnings persistence, Accrual Quality, Liquidity Risk | ||
| مراجع | ||
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