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The objective of this research is to study the relationship between corporate debt financing and earnings quality and also to find the dominance of positive influence of debt or negative influence of debt on earnings quality. The research data were collected from 81 firms listed in Tehran Stock Exchange (TSE), during the years 2005-2009. For testing the hypotheses, multiple regression analysis was used. | Journal of Applied Finance Banking vol.1 no.3 2011 139-157 ISSN 1792-6580 print version 1792-6599 online International Scientific Press 2011 Corporate Debt Financing and Earnings Quality Hashem Valipour1 and Mehdi Moradbeygi2 Abstract The objective of this research is to study the relationship between corporate debt financing and earnings quality and also to find the dominance of positive influence of debt or negative influence of debt on earnings quality. The research data were collected from 81 firms listed in Tehran Stock Exchange TSE during the years 2005-2009. For testing the hypotheses multiple regression analysis was used. The results show that there is a negative and meaningful relationship between debt and earnings quality. Also with respect to introduction in low level of debt positive influence of debt dominant to negative influence of debt then the results show that there is a positive and meaningful relation between debt and earnings quality in the firm With low debt. Moreover with respect to introduction in high level of debt negative influence of debt dominant to positive influence of debt then the results show there is a negative and meaningful relation between debt and earnings quality. JEL classification numbers G39 1 Accounting Department Marvdasht Branch Islamic Azad University Marvdasht Iran e-mail h.valipour@gmail.com 2 Master of Accounting Marvdasht Branch Islamic Azad University Marvdasht Iran e-mail moradbaygi@gmail.com Article Info Revised October 29 2011. Published online November 30 2011 140 Corporate Debt Financing and Earnings Quality Keywords Debt Financing Leverage Earning Quality Discretionary Accruals Nondiscretionary Accruals. 1 Introduction Earnings quality is an issue which was created after the recent scandal of companies like Enron Harry Scarf etc. Earnings quality emerged as an important measure of financial health for business units and can be used in financial markets Forougi and Ahmadi 2010 . Khajavi and Nazemi 2005 .
