Document Type : Original Article
Authors
1 Doctoral
2 Assistant Professor, Department of Accounting, Zanjan Azad University, Zanjan, Iran.
3 Assistant Professor of Accounting Department, Payam Noor University, Tehran, Iran
Abstract
The purpose of this study is to investigate the effect of comparability of financial information and earnings management and smoothing on the level of shareholder loyalty. The present study is applied and methodologically it is a causal (post-event) correlation.The statistical population of the study was all companies listed in the Tehran Stock Exchange and using the systematic elimination sampling method, 163 companies were selected as the research sample and were studied in a 10-year period between 2014 and 2023. Three levels of loyalty for investors(total, majority, and minority) were considered to measure the dependent variable. Three hypotheses were proposed for the present study, and the results showed that at the level of total shareholder loyalty, earnings management does not affect the loyalty of the company's shareholders. Gaining shareholder loyalty has the opposite effect. Earnings smoothing does not affect the loyalty of the company's shareholders. Disclosure of high-comparability information has a direct effect on gaining the loyalty of the company's shareholders. Earnings management has an inverse effect on gaining the loyalty of the company's shareholders.
Keywords
Main Subjects
)
Send comment about this article