توانایی مدیریت و گزارشگری مالی به موقع

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشیار حسابداری، دانشکده مدیریت،دانشگاه تهران، تهران، ایران

2 حسابداری،دانشکده مدیریت دانشگاه تهران، ایران

3 حسابداری،دانشکده مدیریت دانشگاه تهران،تهران،ایران

چکیده

به موقع بودن ارائه اطلاعات مالی در گزارشگری سالیانه به عنوان یک مزیت اطلاعاتی همواره کانون توجه سرمایه گذاران بوده است. این خصوصیت تحت تاثیر توانایی مدیریتی می تواند مستقیما اثربخشی افشای اطلاعات برون سازمانی را تحت الشعاع قرار دهد. در این راستا این پژوهش با هدف گذاری، بررسی تاثیر توانایی مدیریتی بر به موقع بودن گزارشگری مالی صورت پذیرفته است. بدین منظور از داده های 127 شرکت پذیرفته شده در بورس اوراق بهادار تهران طی بازه زمانی 10 ساله 1387-1396 استفاده گردید. اندازه گیری توانایی مدیران با مدل دمرجیان و همکاران (2013) و روش تحلیل پوشش داده ها(DEA) صورت پذیرفته است. نتایج حاصل از آزمون فرضیه نشان داد که مدیران توانمند، اثر انفعالی بر تاخیر اعلان سود و گزارش حسابرسی داشته و در نتیجه افشای اطلاعات مالی به موقع تری را موجب می شوند. در مجموع نتایج نشان می دهد، افزایش توانمندی مدیران تاثیر مثبتی بر بهنگام بودن گزارشگری مالی دارد و با انتشار به موقع اخبار اطلاعات مالی، منجر به کاهش عدم تقارن اطلاعاتی بین شرکت و سرمایه گذاران می شوند.

کلیدواژه‌ها

عنوان مقاله [English]

Managerial Ability and Financial Reporting Timeliness

نویسندگان [English]

  • Kaveh Mehrani 1
  • hirad Nazari 2
  • mohammad reza ghasemi fard 3
1 Associate Prof.faculty management, university tehran, tehran, iran.
2 Accounting, Faculty of Management University of Tehran, iran
3 MSc. Student Accounting, Faculty of Managment, Tehran University, Tehran, Iran.
چکیده [English]

Journal of Accounting Advances, (2020) 12(1): 323-351
DOI: 10.22099/JAA.2020.34280.1894
  Journal of Accounting Advances (JAA)
Journal homepage: www.jaa.shirazu.ac.ir/?lang=en
Managerial Ability andFinancial Reporting Timeliness

ABSTRACT
Received: 2019-7-13
Accepted: 2020-5-11
  The timely presentation of financial information in annual reporting as an information advantage has always been the focus of investors. This feature, under the influence of management ability, can directly overshadow the effectiveness of external information disclosure. In this regard, the aim of this study was to investigate the effect of management ability on the timeliness of financial reporting. For this purpose, the data of 127 companies listed on the Tehran Stock Exchange during the 10-year period of 2008-2018 were used. Measurement of managers' ability has been done with Demerjian et al.'s (2013) model and data envelopment analysis (DEA) method. The results of the hypothesis test showed that capable managers have a passive effect on the delay in announcing profits and audit reports, and as a result, the disclosure of financial information in a more timely manner. Overall, the results show that increasing the ability of managers has a positive effect on the timeliness of financial reporting and by publishing timely financial information news, leads to a reduction in information asymmetry between the company and investors.

1- Introduction
       The timeliness provision of financial information in annual reporting as an information advantage has always been the focal point of investors. This feature, under the influence of managerial ability, can directly affect the effectiveness of disclosure of external information. In this regard, the present study aims to investigate the effect of management's ability in timeliness in financial reporting.
 
2- Research Question or Hypothesis
       In accordance with the disclosure guidelines of companies listed on the Tehran Stock Exchange for requiring companies to submit financial statements for up to 4 months after the end of the financial year, the timing of the financial statements is a management decision that can be made at any time between the end of the fiscal year and the above-mentioned legal requirement. With regard to what was stated, this research seeks to answer the question of whether empowered managers can influence the timing of financial reports? In other words, can senior executives report financial reports closer to the end of the financial year than other peers?
 
3- Methods
       For this purpose, the data of 127 companies listed in Tehran Stock Exchange were used during the 10-year period of 2008-2018. Measuring the ability of managers was done with the  Demerjian et al. (2013) model and data coverage analysis (DEA) was performed.
 
4- Results                   
       The results of the hypothesis test showed that empowered managers have a passive effect on the Lag of the Earnings announcement and audit reports and, as a result, reveal more Timeliness financial information. Overall, the results show that increasing managers' ability to have a positive impact on the timeliness of financial reporting, and timely publication of financial information results in a reduction of information asymmetry between the company and investors.
 
5- Discussion and Conclusion
       The results show that there is a positive and significant relationship between managers' ability and timeliness of financial reporting. This means that empowered executives are able to provide timely financial reporting by reducing the time interval between 12/29 and the date of Earnings announcement and audit reports and help reduce information asymmetry through timely publication of financial information news. It should also be noted that the results of the stability test in Fig. 5 strongly support the early findings of the research hypothesis and strengthen the stability of the results and analyses obtained from the hypothesis test.
  Keywords: Audit Report Lag, Earnings Announcement Lag, Financial Reporting Timeliness, Managerial Ability.

مراجع

                             
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  • تاریخ دریافت: 22 تیر 1398
  • تاریخ بازنگری: 30 فروردین 1399
  • تاریخ پذیرش: 22 اردیبهشت 1399

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