The Effect of Earnings Management on Liquidity Criteria and Lack of Liquidity Stock
Mohammad Hossein Vadiei Nowghabi, Ali Shirazd, Ferdowsi University of Mashhad, Iran (Islamic Republic Of) ; Shaban Mohammadi, Hakim Nezami University, Iran (Islamic Republic Of) ; Alireza Khorshidi, M.A. Student in Accounting, Iran (Islamic Republic Of)
ILSHS Volume 63, ISSN 2300-2697
Liquidity criteria that investors in making portfolio investments are involved. Among the factors that could affect liquidity, earnings management. Earnings management can accrual-based earnings management aspects and management of real benefit to be evaluated; Therefore, the aim of this study is to estimate the accrual-based earnings management and gain real management and its effects on liquidity of companies listed on the Stock Exchange in Tehran. The sample consisted of 78 companies for the period 2008 to 2012. We used multivariate regression model based on panel data is performed. Our results show that research hypotheses are tested between accrual-based earnings management positive and significant relationship with the lack of liquidity, and the liquidity and significant negative relationship. As well as the actual management of non-profit with a positive and significant relationship between stock liquidity, and the liquidity is insignificant and there is a negative relationship.
Vadiei Nowghabi, M.H., Shirazd, A., Mohammadi, S. & Khorshidi, A. (2015). The Effect of Earnings Management on Liquidity Criteria and Lack of Liquidity Stock. International Letters of Social and Humanistic Sciences, 63, 71-81.