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:: Volume 15, Issue 4 (Fall 2020) ::
J. Mon. Ec. 2020, 15(4): 381-402 Back to browse issues page
Accruals Quality and Bankruptcy in Shirata Model (Case Study: Tehran Stock Exchange)
Oveis Bagheri 1, Mona Ranjbaran Jalili2
1- Faculty of Management, University of Tehran
2- Department of Accounting, Fontbonne University
Abstract:   (261 Views)
In this research, the relationship between accruals quality and bankruptcy of companies has been studied. According to Dechow et al.'s (1995) model, the quality of accruals was measured, and according to the Shirata model (1998), bankruptcy was examined. Operations were considered as the control variables. The research hypothesis was tested using a multivariate regression model and a combined data method. The study's statistical sample consists of 197 companies listed on the Tehran Stock Exchange from 2011 to 2019. The results showed a significant and negative relationship between the quality of accruals and bankruptcy of the companies. It means that in bankruptcy, the use of earnings management through optional accruals reduces the quality of accruals. The results indicate that size, return on assets, and audit quality all significantly impact the quality of accruals. Besides, the leverage, life, and operating cash flow have a significant and negative effect on accruals' quality. However, the ratio of market value to book value does not significantly affect the quality of accruals.
Keywords: Quality of Accruals, Bankruptcy, Shirata Model, Tehran Stock Exchange, Profit Management
Full-Text [PDF 644 kb]   (190 Downloads)    
Type of Study: Original Research - Empirical | Subject: Economics
Received: 30 Sep 2020 | Accepted: 5 May 2021 | Published: 19 Oct 2020
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Bagheri O, Ranjbaran Jalili M. Accruals Quality and Bankruptcy in Shirata Model (Case Study: Tehran Stock Exchange). J. Mon. Ec.. 2020; 15 (4) :381-402
URL: http://jme.mbri.ac.ir/article-1-516-en.html


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Volume 15, Issue 4 (Fall 2020) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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