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A Study on the Relationship between Social Responsibility, Earnings Transparency and Stock Price Crash Risk
Academic Journal of Accounting and Economic Researches
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| Title |
A Study on the Relationship between Social Responsibility, Earnings Transparency and Stock Price Crash Risk
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| Creator |
Imani, Ali Homayoon, Olia Hajizadeh, Zekvan
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| Description |
Stock price crash is a phenomenon in which the stock price suffers a severe and abrupt negative adjustment. One of the most important ways to manipulate accounting information is to accelerate the identification of good news versus delaying the recognition of bad news in earnings. However, there is always a final level of accumulation of bad news in the corporate and reaching the final level, the bad news will be published all at once. This leads to a fall in stock prices of the corporate. The main objective of this study is to investigate the relationship between social responsibility, earnings transparency and stock price crash risk in listed corporates on Tehran Stock Exchange. The studied sample of this research includes 95 listed corporates on Tehran Stock Exchange from 2009 to 2013. Multivariate regression is used to test the hypotheses of this study. The overall results of the research indicate that there is a negative significant relationship between social responsibility, earnings transparency, and crash risk. That is to say, the more the social responsibility and earnings transparency increase, the less the crash risk will be.
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| Publisher |
Academic Journal of Accounting and Economic Researches ISSN 2333-0783
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| Contributor |
—
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| Date |
2016-04-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/191
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| Source |
Academic Journal of Accounting and Economic Researches ISSN 2333-0783; Vol 5, No 1 (2016): January 2016
2333-0783 2375-7493 |
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| Language |
eng
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| Relation |
http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/191/172
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| Rights |
Copyright (c) 2016 Academic Journal of Accounting and Economic Researches ISSN 2333-0783
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