Financial Statement Comparability and the Expected Crash Risk of Stock Prices

Advances in Mathematical Finance and Applications

مقاله 7، دوره 3، شماره 3، آذر 2018، صفحه 77-93   

نوع مقاله: Research Paper

شناسه دیجیتال (DOI): 10.22034/amfa.2018.544951

نویسندگان

Barhram Pasandideh Parsa؛ Fatemeh Sarraf^*

Department of Accounting, Tehran South Branch, Islamic Azad University, Tehran, Iran

چکیده

The purpose of this study is to explain the relationship between the comparability of financial statements as a qualitative financial reporting feature with the expected risk of stock price crash. The statistical population of this research includes all companies admitted to Tehran Stock Exchange. In order to achieve the research goal, 81 companies were selected for the period between 2010 and 2017 as a sample of the study. The research aimed at being an applied research and the research method is in terms of the nature and content of the correlation. The research has been performed in the framework of deductive-deductive reasoning and for analysis of the research hypothesis; statistical analysis of the logistics has been assisted. The results of the research hypothesis test showed a significant and negative relationship between the comparability of financial statements and the expected crash in stock prices.

کلیدواژه‌ها

Financial statements Comparability؛ risk of expected crash in stock prices؛ Financial Leverage

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