نوع مقاله : مقاله پژوهشی
نویسنده
گروه حسابداری، دانشکده علوم اقتصادی و اجتماعی، دانشگاه بوعلی سینا، همدان، ایران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسنده [English]
This study aims to investigate the effect of accounting comparability on the deviation of firms’ market value from their fundamental value and to analyze the mediating role of industry competitiveness in this relationship. For this purpose, data from 144 firms listed on the Tehran Stock Exchange during the period 2008-2023 were used, classified into 11 industries. The research findings indicate that an increase in accounting comparability leads to a decrease in the deviation from the firms’ fundamental value. Additionally, the results show that accounting comparability has a positive and significant effect on industry competitiveness, and an increase in industry competitiveness leads to a decrease in the deviation from the firms’ fundamental value. In other words, the research results confirm that industry competitiveness plays a mediating role in the relationship between accounting comparability and the deviation from the firms’ fundamental value. Supplementary analyses using LASSO regression to measure an alternative criterion for the fundamental value and its deviation are consistent with the main findings of the research.
کلیدواژهها [English]
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