تعداد نشریات | 25 |
تعداد شمارهها | 924 |
تعداد مقالات | 7,619 |
تعداد مشاهده مقاله | 12,415,365 |
تعداد دریافت فایل اصل مقاله | 8,837,168 |
بررسی ارتباط مسئولیتپذیری اجتماعی شرکتها و خوانایی صورتهای مالی | ||
پژوهش های تجربی حسابداری | ||
مقاله 3، دوره 11، شماره 2 - شماره پیاپی 40، تیر 1400، صفحه 47-70 اصل مقاله (1.27 M) | ||
نوع مقاله: مقاله پژوهشی | ||
شناسه دیجیتال (DOI): 10.22051/jera.2019.22923.2237 | ||
نویسندگان | ||
منصور گرکز* 1؛ محمدرضا حقدادی2 | ||
1دانشیار حسابداری، دانشگاه آزاد واحد گرگان، گرگان، ایران. | ||
2دانشجوی دکتری حسابداری، دانشگاه آزاد واحد گرگان، گرگان، ایران. | ||
چکیده | ||
در چهارچوب کیفیت گزارشگری مالی، پیچیدگی افشا از مهمترین مواردی است که میتوان به آن پرداخت. یکی از جوانب پیچیدگی افشا که امروزه بیشازپیش مطرح است و حوزه وسیعی از مطالعات به آن معطوف شده است، بحث خوانایی صورتهای مالی شرکتها است. همچنین، پژوهشها نشان داده است که مدیران، در سایه مسئولیت اجتماعی شرکتها اقدام به فعالیتهایی در جهت حفظ منافع ذینفعان یا بالعکس منافع خود مینمایند و با دست بردن در گزارشگری مالی و پیچیده جلوه دادن صورتهای مالی به این امر میپردازند. ازاینرو، هدف از انجام این پژوهش، بررسی ارتباط بین مسئولیت اجتماعی شرکتها و خوانایی صورتهای مالی است. بهمنظور سنجش مسئولیت اجتماعی، شش بعد مسائل محیطی، محصولات و خدمات، منابع انسانی، مشتریان، مسئولیتهای جامعه و انرژی استفاده گردیده و درنهایت با لگاریتم گرفتن از مجموع امتیازات، نمره مسئولیت اجتماعی سنجیده شده است. همچنین، برای اندازهگیری خوانایی صورتهای مالی از شاخص فاگ استفاده شده است که ترکیبی از تعداد کلمات در هر جمله و درصد کلمات پیچیده میباشد. جامعه پژوهش شرکتهای پذیرفتهشده در بورس اوراق بهادار تهران مشتمل بر 60 شرکت (350 سال_شرکتی) در بازه زمانی 1391 تا 1396 بوده و روش آزمون فرضیه پژوهش نیز رگرسیونی چند متغیره میباشد. یافتههای پژوهش، حاکی از آن است که بین مسئولیت اجتماعی شرکتها و خوانایی صورتهای مالی ارتباط معناداری وجود دارد و افزایش مسئولیت اجتماعی شرکتها سبب افزایش شاخص فاگ (کاهش خوانایی) گردیده است. | ||
کلیدواژهها | ||
خوانایی صورتهای مالی؛ شاخص فاگ؛ مسئولیت اجتماعی شرکت؛ پیچیدگیِ افشا | ||
عنوان مقاله [English] | ||
Corporate Social Responsibility and Financial Statements Readability | ||
نویسندگان [English] | ||
Mansour Garkaz1؛ Mohammadreza Haghdadi2 | ||
1Associate professor in Accounting, Azad University of Gorgan. | ||
2Ph.D. Student of Accounting, Azad University of Gorgan, Gorgan, Iran | ||
چکیده [English] | ||
In the framework of financial reporting quality, disclosure complexity is one of the most important issues to deal with. An important aspect of disclosure complexity is financial statements readability. Researches show that managers try to protect interests of stakeholders as well as interests of themselves by manipulating financial reporting and complicating financial statements. The purpose of this study is to examine the relation between corporate social responsibility and annual reports readability. In order to measure social responsibility, six dimensions of environmental issues, products and services, human resources, customers, social responsibilities, and energy are used, and a logarithm of total points is applied to measure social responsibility points. Also, to measure annual reports readability, the study uses the Fog index which is a combination of the words number in each sentence and the percentage of complicated terms. The research sample consists of 60 firms listed in Tehran Stock Exchange from 2012 to 2017 with 350 observation and the research hypotheses are tested using multivariate regression method. Findings indicate that there is a significant positive relation between corporate social responsibility and financial statement readability, thus, any increase of corporate social responsibility results in an increase of Fog index and decrease of financial statements readability. | ||
کلیدواژهها [English] | ||
financial statements readability, Fog index, corporate social responsibility, Disclosure complexity | ||
مراجع | ||
حساس یگانه، یحیی؛ برزگر، قدرت اله. (1393). مبانی نظری مسئولیت اجتماعی شرکتها و پارادایم تحقیقاتی آن در حرفه حسابداری. فصلنامه علمی پژوهشی حسابداری مدیریت، 7 (3)، 133-109. دهمرده قلعه نو، محسن؛ یزدیفر، حسن؛ زارعی، حمید. (1399). تأثیر افشای مسئولیت پذیری اجتماعی بر ریسک حسابرسی. پژوهشهای حسابرسی، 1، 30-7. رهنمای رودپشتی، فریدون؛ نیکومرام، هاشم؛ نونهال نهر، علی اکبر. (1391). ارزیابی تأثیر رویکردهای قضاوتی و شناختی زبان در گزارشهای توضیحی حسابداری. بررسیهای حسابداری و حسابرسی، 2 (2)، 47-72. سرهنگی، حجت؛ ابراهیمی، سعید؛ اله یاری ابهری، حمید. (1393). بررسی اثر پیچیدگی گزارشگری مالی بر رفتار معاملاتی سرمایهگذاران در بازار سرمایه ایران. بورس اوراق بهادار، 7 (27)، 59-78. صفری گرایلی، مهدی؛ رضائی پیته نوئی، یاسر؛ نوروزی، محمد. (1396). مدیریت سود و خوانایی گزارشگری مالی: آزمون تجربی رویکرد فرصت طلبانه. دانش حسابرسی، 17 (69)، 230-217. علی خانی، سمیرا. (1396). بررسی ارتباط بازده با سطح خوانایی گزارشهای پیشبینی سود و گزارشهای حسابرسی آن. راهنما: رضا حصارزاده، دانشگاه فردوسی مشهد - دانشکده علوم اقتصادی. Ajina, A. , Laouiti, M. , Msolli, B. (2016). Guiding through the fog: Does annual report readability reveal earnings management?. Research in International Business and Finance, 38, 509-516. Ali Khani, S. (2017). Investigating the relationship between return and readability of earnings forecast reports and their audit reports. Supervisor: Reza Hesarzadeh, Ferdowsi University of Mashhad - Faculty of Economics (In Persian). Beattie, V. , McInnes, W. , & Fearnley, S. (2004). Research Report. Through the eyes of management: Narrative reporting across three sectors. London, UK: Institute of Chartered Accountants in England and Wales. Bhaduri, S. N. , & Selarka, E. (2016). Corporate Governance and Corporate Social Responsibility of Indian Companies, CSR, Sustainability. Ethics & Governance, 14 (1) , 316-329. Biddle, G. , Hillary, G. , & Verdi, R. (2009). How does financial reporting quality relate to investment efficiency?. Journal of Accounting and Economics, 48, 112–131. Bonsall, S. B. , Miller, B. P. (2017). The impact of narrative disclosure readability on bond ratings and the cost of debt. Review of Accounting Studies, 22 (2) , 608-643. Botosan, C. (1997). Disclosure level and the cost of equity capital. Accounting Review, 72, 323–349. Bozzolan, S. , Fabrizi, M. , Mallinand, C. A. , & Michelon, G. (2015). Corporate Social Responsibility and earnings quality: International evidence. The International Journal of Accounting, 50 (4) , 361–396. Cai, J. , Liu, Y. , & Qian, Y. (2009). Vice or virtue? The impact of corporate social responsibility on executive compensation. Journal of Business Ethics, 104 (2) , 159–173. Cheung, A. W. , Hu, M. , & Schwiebert, J. (2016). Corporate social responsibility and dividend policy. Accounting & Finance. 8 (3) , 96-118. Chih, H. L. , Shen, C. H. , & Kang, F. C. (2008). Corporate social responsibility, investor protection, and earnings management: Some international evidence. Journal of Business Ethics, 79, 179–198. De Franco, G. , Hope, O. , Vyas, D. , Zhou, Y. (2015). Analyst report readability. Contemporary Accounting Research, 32, 76-104. Dehmardeh Ghaleh No, M. , Yazdifar, H. , Zarei, Hamid. (2020). The Impact of Social Responsibility Disclosure on Audit Risk. Audit Research, 1, 30-7 (In Persian). Deng, X. , Kang, J. K. , & Low, B. S. (2013). Corporate social responsibility and stakeholder value maximization: Evidence from mergers. Journal of Financial Economics, 110, 87–109. Dhaliwal, D. S. , Radhakrishnan, S. , Tsang, A. , & Yang, Y. G. (2012). Nonfinancial disclosure and analyst forecast accuracy: International evidence on corporate social responsibility disclosure. Accounting Review, 87 (3) , 723–759. Ertugrul, M. , Lei, J. , Qiu, J. , Wan, C. (2017). Annual report readability, tone ambiguity, and the cost of borrowing. Journal of Financial and Quantitative Analysis, 52 (2) , 811-836. Fabrizi, M. , Mallin, C. , & Michelon, G. (2014). The Role of CEO’s Personal Incentives in Driving CorporateSocial Responsibility. Journal of Business Ethics, 124 (2) , 311-326. Fang, Xiaohua. Yutao Li. , Baohua Xin, Wenjun Zhang. (2014). The effect of annual report readability on cost of debt. Canadian academic accounting association (CAAA). Available at SSRN: https://ssrn. com/abstract=2538251. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston, MA: Pitman. Garcia Osma, B. , & Guillamon‐Saorin, E. (2011). Corporate governance and impression management in annual results press releases. Accounting, Organizations and Society, 36, 187–208. Gelb, D. S. , & Strawser, J. A. (2001). Corporate social responsibility and financial disclosures: An alternative explanation for increased disclosure. Journal of Business Ethics, 33, 1–13. Guay, W. , Samuels, D. , & Taylor, D. (2016). Guiding through the fog: Financial statement complexity and voluntary disclosure. Journal of Accounting and Economics, 62 (2) , 234–269. Hasan, M. M. (2017). Managerial ability, annual report readability and disclosure tone (April 23, 2017). Available at SSRN: https://ssrn. com/abstract=2957135. Hasani Alghar, M. , Marfou, M. (2017). The impact of managerial ability on dividend policy. Journal of Empirical Researches in Accounting, 6 (23) , 103-129 [In Persian]. Hasani Alghar, M. , Sheri Anaghiz, S. (2017). Examination of the effects of the managerial ability on tax avoidance. Journal of Accounting Knowledge, 8 (28) , 107-134 [In Persian]. Hasas Yeganeh, Y. , Barzegar, Gh. (2014). Theoretical foundations of corporate social responsibility and its research paradigm in the accounting profession. Journal of Management Accounting, 7 (3) , 133-109 (In Persian). Healy, P. M. , & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31 (1–3) , 405–440. Hoi, C. K. , Wu, Q. , & Zhang, H. (2013). Is corporate social responsibility (CSR) associated with tax avoidance? Evidence from irresponsible CSR activities. Accounting Review, 88 (6) , 2025–2059. Jensen, M. C. (2001). Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance, 14, 8–21. Kim, I. , & Venkatachalam, M. (2011). Are sin stocks paying the price for accounting sins? Journal of Accounting, Auditing and Finance, 26 (2) , 415–442. Kim, Y. , Park, M. S. , & Wier, B. (2012). Is earnings quality associated with corporate social responsibility? Accounting Review, 87 (3) , 761–796. Lang, M. , Stice-Lawrence, L. (2015). Textual analysis and international financial reporting: Large sample evidence. Journal of Accounting and Economics, 60 (2) , 110-135. Lee, D. (2017). Corporate social responsibility and management forecast accuracy. Journal of Business Ethics, 140, 353–367. Lehavy, R. , Li, F. , Merkley, K. (2011). The effect of annual report readability on analyst following and the properties of their earnings forecasts. Accounting Review, 86 (3) , 1087–1115. Li, F. (2008). Annual report readability, current earnings, and earnings persistence. Journal of Accounting and Economics, 45 (2) , 221-247. Li, F. (2010). Textual analysis of corporate disclosures: A survey of the literature. Journal of Accounting Literature, 29, 143–165. Lo, K. , Ramos, F. , Rogo, R. (2017). Earnings management and annual report readability. Journal of Accounting and Economics, 63 (1) , 1-25. Loughran, T. , & McDonald, B. (2014). Regulation and financial disclosure: The impact of plain English. Journal of Regulatory Economics, 45, 94–113. Loughran, T. , & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54 (4) , 1187–1230. Lundholm, R. , Rogo, R. , & Zhang, Z. (2014). Restoring the Tower of Babel: How foreign firms communicate with US investors. Accounting Review, 89, 1453–1485. Margolis, J. D. , Elfenbein, H. A. , & Walsh, J. P. (2009). Does it pay to be good… and does it matter? A meta‐analysis of the relationship between corporate social and financial performance. Working paper available on the Social Science Research Network. Retrieved from https://papers. ssrn. com/sol3/papers. cfm?abstract_id=1866371 McWilliams, A. , Siegel, D. , & Wright, P. M. (2006). Corporate social responsibility: Strategic implications. Journal ofManagement Studies, 43 (1) , 1–18. Merkl‐Davies, D. M. , & Brennan, N. M. (2007). Discretionary disclosure strategies in corporate narratives: Incremental information or impression management?. Journal of Accounting Literature, 27, 116–196. Miller, B. (2010). The effects of reporting complexity on small and large investor trading. Accounting Review, 85, 2107-2143. Orlitzky, M. , Schmidt, F. L. , & Rynes, S. L. (2003). Corporate social and financial performance: A meta analysis. Organization Studies, 24 (3) , 403–441. Razek, M. A. (2014). The association between corporate social responsibility disclosure and corporate governance: a survey of Egypt. Research Journal of Finance and accounting, 5 (1) , 93-98. Roodpashti Rahnamai, F. , Nicomram, H. , Nonhal Nahr, A. A. (2012). Evaluating the effect of judgmental and cognitive approaches to language in explanatory accounting reports. Accounting and Auditing Reviews, 2 (2) , 47-72 (In Persian). Safari Gerayli, M. , Rezaei Pitenoei, Y. , Norouzi, M. (2017). Earnings management and financial reporting readability: An empirical test of the opportunistic approach. Journal of Audit science, Accepted Manuscript. [In Persian]. Safari Graili, M. , Rezaei Pite Noei, Y. , Norouzi, M. (2017). Profit and Readability Management Financial Reporting: An Empirical Test of the Opportunistic Approach. Auditing Knowledge, 17, 230-217 (In Persian). Sarhangi, H. , Ebrahimi, S. , Allah Yari Abhari, H. (2014). Investigating the effect of financial reporting complexity on investors' trading behavior in the Iranian capital market. Stock Exchange, 17 (69) , 59-78 (In Persian). Surroca, J. , & Tribó, J. (2008). Managerial entrenchment and corporate social performance. Journal of Business Finance and Accounting, 35 (5) , 748–789. Surroca, J. , Tribó, J. A. , & Waddock, S. (2010). Corporate responsibility and financial performance: The role of intangible resources. Strategic Management Journal, 31 (5) , 463–490. Wang, Q. , Dou, J. , & Jia, S. (2016). A meta‐analytic review of corporate social responsibility and corporate financial performance: The moderating effect of contextual factors. Business and Society, 55 (8) , 1083–1121.
| ||
آمار تعداد مشاهده مقاله: 1,280 تعداد دریافت فایل اصل مقاله: 779 |