عوامل مؤثر بر خروجی پژوهش‌های حسابداری پژوهشگران ایرانی در سطح مجلات بین‌المللی

نوع مقاله : مقاله پژوهشی

نویسندگان

1 استادیار گروه حسابداری دانشگاه الزهرا، تهران، ایران

2 دانشجوی دکتری حسابداری ،دانشگاه الزهرا ، تهران، ایران

چکیده

پژوهش قلب ایجاد دانش در جهان و محور اصلی توسعه‌ علمی هر کشوری است. چاپ مقالات محققان ایرانی در مجلات معتبر بین‌المللی معدود است، ازاین‌رو هدف اصلی این پژوهش بررسی عوامل تأثیرگذار بر خروجی پژوهش های حسابداری ایران در سطح مجلات بین‌المللی است. ابزار گردآوری داده‌های این پژوهش، پرسشنامه بوده است. جامعه آماری این پژوهش اعضای هیئت‌علمی حسابداری دانشگاه‌های سراسر کشور است. داده های پرسشنامه در اواخر سال 1397 و اوایل سال 1398 گرداوری شدند. در مجموع 53 پرسشنامه گرداوری شد که از این تعداد 50 پرسشنامه برای تحلیل قابل استفاده بود. نتایج 50 پرسشنامه گردآوری‌شده نشان می‌دهد که عوامل کشوری مهم‌ترین عامل مؤثر بر خروجی پژوهش‌های حسابداری در سطح مجلات بین‌المللی است. یافته‌های این پژوهش حاکی از آن است که دانشگاهیان ایران دارای انگیزه لازم برای انجام پژوهش در سطح مجلات بین‌المللی هستند، بااین‌حال پائین بودن حقوق و دستمزد و تعصب هیئت تحریریه مجلات بین‌المللی موجب می‌شود که دانشگاهیان قادر به چاپ مقالات در سطح بین المللی نباشند. البته تخصص آماری و درک ادبیات حوزه تخصصی و ارتقای رتبه نیز بر انگیزه‌ی دانشگاهیان بر چاپ مقالات در سطح مجلات بین‌المللی مؤثر است. همچنین نتایج این پژوهش نشان می‌دهد که فشار نهادی لازم بر اعضای هیئت‌علمی برای چاپ مقاله در نشریات بین‌المللی به‌اندازه کافی نبوده است. نتایج این پژوهش می‌تواند گامی مهم برای بهبود وضعیت نشر مقالات محققان ایرانی در سطح مجلات بین‌المللی باشد.

کلیدواژه‌ها


عنوان مقاله [English]

Effective factors on the Output of Iranian Researchers' Accounting Research at the Level of International journals

نویسندگان [English]

  • Seyed Ali Hosseini 1
  • Mahnaz Mahmoudkhani 2
1 Assistant Prof., Department of Accounting, Faculty of Social Sciences & Economics, Alzahra university,Tehran, Iran
2 Ph.D. Student, Department of Accounting, Faculty of Social Sciences & Economics, Alzahra university,Tehran, Iran
چکیده [English]

Journal of Accounting Advances, (2020) 12(1): 129-156
DOI: 10.22099/JAA.2020.33976.1883
 
Journal of Accounting Advances (JAA)
Journal homepage: www.jaa.shirazu.ac.ir/?lang=en
 
Effective Factors on the Output of Iranian Researchers' Accounting Research at the Level of International Journals

   ABSTRACT

Received: 2019-6-25
Accepted: 2020-5-20
 
Research is the heart of knowledge creation in the world and the main axis of scientific development of any country. The main purpose of this research is to investigate the effective factors on the output of Iranian accounting researches at the level of international journals. The data was collected by a questionnaire. The statistical population of this study is accounting faculty members of universities across the country. The data of the questionnaire were collected in 2019. In total, 53 questionnaires were collected, of which 50 questionnaires could be used for analysis. The results of 50 collected questionnaires show that national factors are the most important factor influencing the output of accounting research at the level of international journals. The findings of this study indicate that Iranian academics have the necessary motivation to research at the level of international journals. However, the low wages and prejudices of the editorial board of international journals make it impossible for academics to publish papers internationally. Of course, statistical expertise, understanding the literature of the specialized field and promotion also affect the motivation of academics to publish papers at the level of international journals. The results of this study also show that the necessary institutional pressure on faculty members to publish the paper in international journals has not been sufficient. The results of this study could be an important step in improving the publishing status of Iranian researchers' papers at the level of international journals. 
 
1- Introduction
        The main purpose of this research is to investigate the effective factors on the output of Iranian accounting research at the level of international journals. The present study contributes to the academic literature. Most of the previous studies have investigated the structure and framework of the scientific-research papers of accounting (like Namazi et al., 2019, Mohammad Rezaei, 2018); therefore, the effective factors and obstacles for publishing of Iranian researcher’s papers in international authentic journals in the field of accounting have not been considered. It is expected that the results of this study will be considered by the director of the country's education and research field, especially accounting, and will help to improve the status of Iranian papers.
 
2- Research Questions
       The four main questions of this research are as follows:

What are the effective individual factors on the output of accounting research at the level of international journals?
What are the effective academic factors on the output of accounting research at the level of international journals?
What are the effective Country factors on the output of accounting research at the level of international journals?
What are the effective international factors on the output of accounting research at the level of international journals?
What is the most important effective factor on the output of accounting research at the level of international journals?

 
3- Methods
       The data was collected by a questionnaire. Therefore, this research is a type of surveying research. In this research, the respondents' views about the effective factors on the output of accounting research at the level of international journals have been questioned by using Five Likert Spectrum (5 = strongly agree to 1 = totally opposed). Fifty-three online questionnaires were collected, of which 50 were useable.
 
4- Results
       According to the findings, individual, academic, country and international factors are effective on the output of Iranian researchers' accounting research at the level of international journals. The results of 50 completed questionnaires show that country factors are the most important factor affecting on the output of accounting research at the level of international journals, and then individual factors are ranked second.
 
5- Conclusion 
       The results of this study provide evidence of compliance with institutional theory and motivation theory. The results of this research show that although Iranian academics seem to have a positive attitude toward research and have the commitment and incentive to conduct research at the international journals’ level, normative and cognitive-cultural pressures from accounting research environments in Iranian universities do not support such behaviors. Poor institutional pressure (such as the pressure of low research culture in accounting groups, poor promotion and publishing policies, inadequate financial support for research and low salaries) limits the participation in accounting research activities in Iranian universities. As the Motivation theory shows, if there are no productive incentives (such as promotion policies in relation to the publication of papers in international journals and the existence of financial support, etc.), the output of accounting research will not be satisfactory.
 
Keywords: Accounting Research, International Journals, Research Output.
 
 
Journal of Accounting Advances, (2020) 12(1): 157-186
DOI: 10.22099/JAA.2020.32584.1836
 
Journal of Accounting Advances (JAA)
Journal homepage: www.jaa.shirazu.ac.ir/?lang=en
  
The Impact of Ownership Structure on Stock Liquidity:
Nonlinear approaches
Dr. Abbas Ali Daryaei1*, Yasin Fattahi2
 
1. Assistant Prof. of Accounting, Imam Khomeini International University, Qazvin, Iran, a.a.daryaei@soc.ikiu.ac.ir
2. Msc. of Accounting, Imam Khomeini International University, Qazvin, Iran, y.fattahi73@gmail.com
 
ARTICLE INF

ABSTRACT
 
Received: 2019-6-29
Accepted: 2020-6-25
 
According to the literature, we can predict a positive or negative relationship between ownership structure and stock liquidity. Thus, present study aimed to document the asymmetric relationship between ownership structure and stock liquidity. Using a panel smooth transition regression model, as a new econometric technique, we examined the data (135 firms for 2009-2018) to explore the asymmetric impact of blockholders ownership on liquidity. In addition, the prediction error rate was compared on the base of neural network models and logistic regression. The results show that there is a positive and significant relation between major shareholders and stock liquidity in the first regime (threshold level 34%), while in the second regime, the relationship between them is negative and significant. Also, present study shows that neural networks’ mean-squared error (MSE) is lower than logistic regression.

* Corresponding author:
 
Abbas Ali Daryaei
Assistant Prof. of Accounting, Imam Khomeini International University
 
E-Mail:
a.a.daryaei@soc.ikiu.ac.ir
  
1- Introduction
       Explanation of ownership structure and its effects on disclosure of information to reduce information asymmetry and subsequent effects on the enhancement of liquidity is of a great importance for investors. Review of numerous studies conducted on the relationship between major shareholders and liquidity implies an asymmetric relationship (Jacoby and Zheng, 2010; Cueto, 2009; Magu, 1998). Given this relationship, researchers focus on two hypotheses: adverse selection hypothesis and efficient monitoring hypothesis. The former says that when major shareholders have more information than other shareholders, information asymmetry arises and as a result, market liquidity is reduced (Kyle, 1985; Easly and O’Hara, 2004). On the contrary, the latter says that an institution rather wants to monitor the managers because of its risk consideration. The logic of this hypothesis is based on this idea that, due to high costs of monitoring, only major shareholders such as institutional ones can achieve sufficient advantages so they would have motives for monitoring. In fact, institutional and major shareholders have opportunities, resources, expertise, and abilities to monitor and influence managers (Cornet et al. 2007). Using the Panel Smooth Transition Regression Model, the current study aims to determine a threshold to investigate non-linear behaviors of major shareholders and stocks liquidity. Then, we will determine whether neural networks’ mean-squared error (MSE) is lower than logistic regression.
 
2- Hypothesis
According to efficient monitoring hypothesis, major shareholders actively manage their investments based on the amount of the invested capital. According to Transaction Cost Theory, an active company management leads to reduced transaction costs and consequently, , reduction of the difference between buy and sell prices of the stocks, subsequently increasing company stocks liquidity. On the contrary, an increase in major ownership indicates information asymmetry, as, with the presence of the major owners, a few informed shareholders can transact based on their information advantages. Concentrated ownership shows motives of a few shareholders to collect and analyze information and ultimately, transact based on it. This imposes adverse selection risk on other shareholders, thereby reducing shareholders’ motives to trade the stocks and lowering liquidity (Rubin, 2007). Our hypotheses is as follows:
        The asymmetric impact of blockholders ownership on firm performance follows the blockholders ownership level. And neural networks’ mean-squared error (MSE) is lower than logistic regression.
 
3- Methods
       We employed a panel smooth transition regression model, recently developed by Gonzalez et al. (2005), to model a nonlinear relationship between Institutional ownership, and firm performance. The simplest case of a PSTR model with two extreme regimes is defined as follows:
 
       The data derives mainly from audited financial statements and board's reports of the TSE, and Reheard Novin software. The population of the study encompasses all TSE firms for the period 2008–2017. However, the study compiles a purposive sampling; thus, financial firms such as banks and insurance firms are absent because they have different conditions in relation to firm characteristics. Listing firms must also have continuous operations during the period of the study, and their information must be available. Following these criteria, the study includes 135 firms (1350 firm-year). Then we will deterimine whether neural networks’ mean-squared error (MSE) is lower than logistic regression.
 
4- Results
Slope parameter, which indicates the speed of transiting from one regime to another, was estimated to be 2242.412, with the major shareholders’ percentage threshold being 34. A threshold is actually a landmark that makes the two mentioned regimes distinct in the panel smooth transition regression model. Depending on the estimated value of the slope parameter and the changeable transition values (percentages of major shareholders), the estimated model coefficients changed from one regime to  another. It should be noted that the first and second regimes were thresholds of the panel smooth transition regression model. In fact, given the observed transition variable, values of regression coefficients changed between the two thresholds. Also, present study shows that neural networks’ mean-squared error (MSE) is lower than logistic regression.
 
5- Conclusion
       Ownership percentages of the major shareholders had positive effects on liquidity in regime 1 and negative effects on performance in regime 2, such that a certain increase in the ownership percentages of major shareholders increases company liquidity and then, an increase in ownership percentages of major shareholders reduces company liquidity. Results of regime 2 were in line with Mendelson and Tunca (2004), Jacoby and Zheng (2010) Chung et al. (2018), Maharani et al. (2019), Rahmani et al. (2010) and Yaghubnajad et al. (2012). Moreover, results of regime 2 were in line with Jennings et al. (2002), Cueto (2009), Etemadi et al. (2011) and Mehrani and Nasiri Forouzi (2017). The results of the current study support the idea that major investors are not a homogeneous group and there are differences in their characteristics that produce an asymmetric effect on liquidity. Thus, it cannot be determined whether the major investors are good or bad for the market, because their effects are different from one regime to another. It seems to be dependent on ownership percentages of the major investors and company features. The results also show that legal institutions and information transparency have to be improved in the financial market to increase the efficiencies of the major shareholders and produce an increasing effect on stocks liquidity. Furthermore, legal institutions are recommended to develop regulations with respect to supporting the investors and of course, prior to it, financial information transparency in the financial markets. The current study also had limitations that were: (1) determination of 5 percent as the criterion for being a major shareholder, a change in which could affect the results; (2) we don’t classified institutional shareholder can lead to false conclusion; (3) inherent limitations of the use of panel smooth transition regression model; (4). A variety of neural networks methods are not seen. This can lead to an unreasonable conclusion.
 
Keywords: Adverse Selection Hypothesis, Neural Network Models, Nonliner Approaches, Ownership Structure, Stock Liquidity and Transaction Cost Theory.

 منابع
الف. فارسی
دیانتی دیلمی، زهرا و بردبار، راضیه. (1392). مطالعه‌ تطبیقی روش‌شناسی مقالات حسابداری در مجلات معتبر داخل و خارج از ایران. دانش حسابداری و حسابرسی مدیریت، 2(7)، 14-1.
سرلک، نرگس؛ محمدی، مهدی و گرامی راد، فاطمه. (1395). بررسی وضعیت ترجمه دانش حسابداری در ایران. بررسی‌های حسابداری و حسابرسی، 23(2)، 212-193.
محمدرضایی، فخرالدین. (1397). قالب مناسب برای مقالات حسابداری از نوع آرشیوی. دانش حسابداری و حسابرسی مدیریت، 7(26)، 208-189.
مؤمنی، منصور و فعال قیومی، علی. (1391). تحلیل‌های آماری با استفاده از SPSS، چاپ هفتم، انتشار مؤلف.
نمازی، محمد؛ محمدیان، محمد و مهتری، زینب. (1397). بررسی ساختار و چهارچوب مقاله‌های علمی پژوهشی در نشریه‌های بین‌المللی حسابداری، پیشرفت‌های حسابداری، 10(2)، 276-241.
وزارت علوم، تحقیقات و فناوری. (1396). نگاره سطح‌بندی دانشگاه‌ و مؤسسات آموزش عالی، https://edu.msrt.ir/file/download/download/1509906169-unirank-table. pdf
ب. انگلیسی
Altbach, P. G., Reisberg, L. & Rumbley, L. E. (2009). Trends in global higher education: Tracking an academic revolution. Published with Support from SIDA/SAREC.
Ball, R. & Foster, G. (1982). Corporate financial reporting: A methodological review of empirical research. Journal of Accounting Research, 161-234.
Beaulieu, P., Ding, S. & Qu, S. (2010). The Association between Research Output and Compensation for Accounting Professors. Available at SSRN 1605642.
Brinn, T., Jones, M. & Pendlebury, M. (2001). Why do UK accounting and finance academics not publish in top US journals?. The British Accounting Review, 33(2), 223-232.
Chan, K. C., Chang, C. H., Tong, J. Y. & Zhang, F. (2012). An analysis of the accounting and finance research productivity in Australia and New Zealand in 1991–2010. Accounting & Finance, 52(1), 249-265.
Chen, Y., Gupta, A., & Hoshower, L. (2006). Factors that motivate business faculty to conduct research: An expectancy theory analysis. Journal of Education for Business, 81(4), 179-189.
Creswell, J. W. (1986). Measuring faculty research performance. San Francisco: Jossey-Bass.
Dianati Dilami, Z. & Bordbar, R. (2013). Comparative study of accounting research methodology inside and outside of Iran. Journal of Management Accounting and Auditing Knowledge, 2(7) .1-14 (In persian).
DiMaggio, P. J. & Powell, W.W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147-160.
Fogarty, T. J. (2004). Sustained research productivity in accounting: A study of the senior cohort. Global Perspectives on Accounting Education, 1, 31.
Hasselback, J. R., Reinstein, A. & Abdolmohammadi, M. (2012). Benchmarking the research productivity of accounting doctorates. Accounting Education, 27(4), 943-978.
Jones, M. J. & Roberts, R. (2005). International publishing patterns: An investigation of leading UK and US accounting and finance journals. Journal of Business Finance & Accounting32(5‐6), 1107-1140.
Levitan, A. S. & Ray, R. (1992). Personal and institutional characteristics affecting research productivity of academic accountants. Journal of Education for Business, 67(6), 335-341.
Maranto, C. L. & Streuly, C. A. (1994). The determinants of accounting professors' publishing productivity-The early career. Contemporary Accounting Research10(2), 387-407.
Mathieu, R. & McConomy, B. J. (2003). Productivity in “Top‐Ten” academic accounting journals by researchers at Canadian Universities. Canadian Accounting Perspectives, 2(1), 43-76.
Messner, M. (2015). Research orientation without regrets. Critical Perspectives on Accounting, 26, 76-83.
Ministry of Science, Research and Technology of the Islamic Republic of Iran. (2017), https://edu.msrt.ir/file/download/download/1509906169-unirank-table.pdf (In Persian).
Mohammad Rezaei, F. (2018). Template for archival accounting research. Journal of Management Accounting and Auditing Knowledge, 7(26),
189-208 (In Persian).
Momeni, M. & Faal Ghayyoumi, A. (2002). Statistical analysis using SPSS. Moaalef Publications (In Persian).
Namazi, M., Mohammadian, M. & Mehtari, Z. (2019). A study of the structure and framework of scientific articles in international accounting journals. 10(2), 277-307 (In Persian).
Negash, M., Lemma, T. T. & Samkin, G. (2018). Factors impacting accounting research output in developing countries: An exploratory study. The British Accounting Review.
Pickerd, J., Stephens, N. M., Summers, S. L. & Wood, D. A. (2011). Individual accounting faculty research rankings by topical area and methodology. Issues in Accounting Education, 26(3), 471-505.
Quy Huu. N. (2015). Factors Influencing the Research Productivity of Academics at the Research-Oriented University in Vietnam.
Salager-Meyer, F. (2008). Scientific publishing in developing countries: Challenges for the future. Journal of English for Academic Purposes, 7(2), 121-132.
Sarlak, N., Mohammadi, M. & Gerami Rad, F. (2016). Study of accounting knowledge translation and its drawbacks in Iran. Accounting and Auditing Review, 23(2), 193-212 (In Persian).
Thornton, P. H. & Ocasio, W. (1999). Institutional logics and the historical contingency of power in organizations: Executive succession in the higher education publishing industry, 1958–1990. American Journal of Sociology, 105(3), 801-843.
Tucker, B. P. & Tilt, C. A. (2019). ‘You know it when you see it’: In search of ‘the ideal’research culture in university accounting faculties. Critical Perspectives on Accounting.
Tuttle, B. & Dillard, J. (2007). Beyond competition: Institutional isomorphism in US accounting research. Accounting Horizons, 21(4), 387-409.
Wills, D., Ridley, G. & Mitev, H. (2013). Research productivity of accounting academics in changing and challenging times. Journal of Accounting & Organizational Change, 9(1), 4-25.