دانش سرمایه‌گذاری

دانش سرمایه‌گذاری

خوانایی گزارشگری مالی و همزمانی قیمت سهام با تاکید بر استراتژی‌های کسب و کار

نوع مقاله : مقاله پژوهشی

نویسندگان
محمد شایگان 1
هوشنگ امیری 2
محمد امین کوهبر 3
1 گروه حسابداری، واحد بین المللی خرمشهر، دانشگاه آزاد اسلامی، خرمشهر ، ایران
2 گروه حسابداری، واحد آبادان، دانشگاه آزاد اسلامی، آبادان، ایران
3 گروه اقتصاد، واحد خرمشهر، دانشگاه علوم و فنون دریایی، خرمشهر، ایران
10.30495/jik.2024.77958.4599
چکیده
تحقیقات پیشین نشان می دهد خوانایی گزارشگری مالی با افزایش شفافیت و کیفیت افشای اطلاعات و کاهش نوسان‌های بازده، منجر به کاهش همزمانی قیمت سهام می‌شود. از سوی دیگر، استراتژی کسب ‌وکار ممکن است با تأثیر بر کمیت و نوع اطلاعات شرکت، بر قیمت سهام نیز تأثیر بگذارد. از اینرو، این پژوهش به بررسی تاثیر استراتژی کسب و کار بر رابطه بین خوانایی گزارشگری مالی و همزمانی قیمت سهام در بورس اوراق بهادار تهران پرداخته است. در این پژوهش برای اندازه‌گیری استراتژی کسب و کار از مدل بنتلی و همکاران (2013) و خوانایی گزارشگری مالی از دو شاخص فوگ و طول متن استفاده شد. نمونه آماری پژوهش متشکل از 108 شرکت طی بازه زمانی 1393 الی 1400 می‌باشد و آزمون فرضیه‌های پژوهش با استفاده از رگرسیون چندمتغیره با رویکرد داده‌های تلفیقی انجام شده است. بر اساس یافته‌های پژوهش، خوانایی گزارشگری مالی با دو شاخص فوگ و طول متن بر همزمانی قیمت سهام تاثیر منفی و معناداری دارد. همچنین نتایج پژوهش حاکی از آن است که استراتژی کسب و کار بر رابطه بین خوانایی گزارشگری مالی و همزمانی قیمت سهام، تاثیر منفی و معناداری دارد.
کلیدواژه‌ها
استراتژی کسب و کار
خوانایی گزارشگری مالی
همزمانی قیمت سهام

عنوان مقاله English

The financial reporting readability and the stock prices synchronicity with emphasis on the business strategy

نویسندگان English

Mohammad Shayegan 1
Hooshang amiri 2
Mohammad Amin Kohbor 3
1 Department of Accounting, Khorramshahr International Unit - Persian Gulf, Islamic Azad University, Khorramshahr, Iran
2 Assistant Professor of Accounting, Abadan Unit, Islamic Azad University, Khuzestan, Iran
3 Assistant Professor, Department of Economics, Khorramshahr University of Marine Sciences and Technology
چکیده English

Previous researches suggest that the financial reporting readability by increasing the transparency and information disclosure quality and reducing yield fluctuations leads to a decrease in stock price synchronicity. On the other hand, business strategy may also affect stock prices by influencing the amount and type of firm information. Therefore, the study has investigated the effect of business strategy on the relationship between the financial reporting readability and the stock prices synchronicity in the Tehran Stock Exchange. In this research, Bentley et al. (2013) model was used to measure the business strategy and two indicators of Fog and text length were used to measure the financial reporting readability. The statistical sample of the research consists of 108 firms during the period of 2015 to 2021, and the test of research hypotheses has been done using multivariate regression with a pooled data. Based on the findings of the research, the financial reporting readability with the two indicators of Fog and text length has a negative and significant effect on the stock prices synchronicity. Also, the results indicate that the business strategy has a negative and significant effect on the relationship between the financial reporting readability and the stock prices synchronicity.

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