نوع مقاله : مقاله پژوهشی
نویسندگان
1 استادیار حسابداری، دانشگاه پیام نور، تهران، ایران
2 مربی گروه حسابداری، دانشگاه پیام نور، تهران، ایران.
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The capital market is one of the main pillars of the economic system of the countries and the companies are its components. If the value of the accepted companies' shares is far from its fundamental value, the incorrect pricing of the shares has occurred and the efficiency of the market will decrease. Therefore, the aim of the present study is to empirically investigate the effectiveness of the auditor's conservatism in preventing incorrect stock pricing. The statistical population of the research is the companies of Tehran Stock Exchange in the period of 2013 to 2022, and using the systematic elimination screening method, 133 companies were considered as the final sample of the research. To measure the auditor's conservatism, a new model has been used in the style of Chong et al. (2003). Also, the incorrect pricing of shares is also obtained from the model of Rotherskroop et al. (2005). The results of the research hypothesis test showed that the auditor's conservatism has the opposite effect on stock mispricing, and in fact, with the increase in auditors' conservatism, stock mispricing will decrease. Auditors have played a key role in improving the quality level of accounting information and financial statements in such a way that they can influence the direction of the capital market and its fluctuations due to the wrong pricing of stocks, so higher conservatism while protecting the image of auditors. On the other hand, it can bring the market share value closer to its fundamental value.
کلیدواژهها [English]
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