TAILIEUCHUNG - Corporate debt financing and earnings quality

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 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 2 Master of Accounting Marvdasht Branch Islamic Azad University Marvdasht Iran e-mail moradbaygi@ 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 .

• Tài chính doanh nghiệp
• Debt financing
• Earning quality
• Discretionary accruals
• Nondiscretionary accruals
• Corporate debt financing and earnings quality
• Financial accounting
• Cash and ireceivables
• Long lived assets
• Non current liabilities
• Equity financing
• Ebook Financing your small business
• Small business
• Business Strategy
• Corporation equity
• Intermediate accounting
• Cash flows revisited
• Global market
• Earnings per share
• Equity securities
• Micro financing
• Micro leasing
• Purchasing power
• Financing inclusive finance
• Debt deals
• Bank loans
• Trade credit
• Date Terms credit
• Credit linked demand
• Bad debt
• Discounted cash flow
• Financial statement analysis
• Financial statement
• Lecture Financial statement analysis
• Analyzing financing activities
• Interpret leases
• Proprietorships and partnerships
• The statement of cash flows
• The financial statements
• eEquity financing
• fFinancial statements analysis
• Financial statements
• Accounting changes
• Error corrections
• Business segments
• Interim reports
• Investments in property
• In intangible assets
• Long term debt financing
• Strategic management
• Organisational dynamics
• Analysis of financial statements
• Financing decision and firm performance
• Evidence from an emerging country
• Long term debt to total assets
• Ho Chi Minh Stock Exchange
• Generalized method of moment
• Return on assets
• Asymmetric information
• Internal finance
• External finance
• GCC countries
• Debt maturity and growth
• tuberculosis typically
• extra pulmonary
• malnutrition
• directly attrib
• reverse transcriptase
• inhibitors (NRTI)
• Phytoremediation
• Biofortification and Nanoparticles
• Absorption
• Transport and Control Mechanisms
• Defence Strategies
• Annual Plants
• Carryback Financing
• Partnerships
• Pancreatic Lesion
• Coagulation Disorders
• Clinical Implications
• Expandable Metallic
• Changing Role
• Capital Structure Decisions
• Equity Funding
• Asset Securitization
• Asset Management
• Structured Notes
• Multinational financial management
• Financial management
• Lecture Multinational financial management
• Capital structure decision
• Foreign countries
• Corporate finance
• International corporate finance
• Capital structure
• Working capital management
• Equity risk premium
• Fundamentals of corporate finance
• Capital markets
• Systematic risk
• Payout policy