رابطه بین کیفیت افشاء اطلاعات و تامین مالی خارجی شرکت های پذیرفته شده در بورس اوراق بهادار تهران: نقش تعدیلگر رشد شرکت و ساختار مالکیت

نوع مقاله : علمی - پژوهشی

نویسندگان

1 استادیار مدیریت ، دانشگاه محقق اردبیلی

2 دانشجوی کارشناسی ارشد حسابداری، دانشگاه آزاد اسلامی واحد هریس

چکیده

مطالعه حاضر به بررسی تاثیر رشد شرکت و ساختار مالکیت بر رابطه بین کیفیت افشاء اطلاعات و تامین مالی خارجی شرکت‌‌های پذیرفته شده در بورس اوراق بهادار تهران پرداخته است. جامعه آماری پژوهش شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران و بازه زمانی پژوهش طی سال های 1389 الی 1394 می‌باشد. همچنین جهت نمونه‌گیری آماری از روش غربالگری استفاده شده است. روش پژوهش مورد استفاده، توصیفی از نوع پس­رویدادی بوده و جهت تجزیه و تحلیل داده‌ها از روش پانل دیتا و در آزمون فرضیه‌ها از روش رگرسیون چند‌گانه استفاده شده است. نتایج حاصل از آزمون فرضیه‌های پژوهش حاکی از آن است که کیفیت افشاء اطلاعات بر تامین مالی از طریق انتشار سهام و تامین مالی از طریق اخذ وام تاثیر مثبت و معناداری دارد. همچنین طبق نتایج متغیر رشد شرکت بر رابطه بین کیفیت افشاء اطلاعات و تامین مالی از طریق انتشار سهام و اخذ وام شرکت‌ها تاثیر مثبت و معناداری دارد. در ادامه طبق یافته‌های پژوهش متغیر مالکیت نهادی بر رابطه بین کیفیت افشاء اطلاعات و تامین مالی از طریق انتشار سهام و اخذ وام تاثیر مثبت و معنی دار و متغیر تمرکز مالکیت بر رابطه بین کیفیت افشاء اطلاعات و تامین مالی از طریق انتشار سهام و اخذ وام تاثیر مثبت و معناداری دارد.

کلیدواژه‌ها

عنوان مقاله [English]

The Relationship Between Information Disclosure Quality and Foreign Financing of Companies Acquired in Tehran Stock Exchange: The Moderator of Corporate Growth and Ownership Structure

نویسندگان [English]

  • ghasem zarei 1
  • ali abdollahzadeh shaghaghi 2
1 Assistant Professor, Management, Mohaghegh Ardabili University
2 M.A. student, accounting, azad university
چکیده [English]

The present study examines the impact of corporate growth and ownership structure on the relationship between the quality of information disclosure and the external financing of companies accepted in Tehran Stock Exchange. The statistical population of the research is the companies accepted in the Tehran Stock Exchange and the research period between 2010 and 2016. Screening method was used for statistical sampling. The research method used is a descriptive post-operative method. For analyzing data, the data panel method and the hypothesis test have been used by multiple regression method. The results of the research hypothesis test indicate that the quality of information disclosure has a positive and significant effect on financing through the sale of shares and financing by obtaining a loan.Also, according to the results, the company's growth variable has a positive and significant effect on the relationship between the quality of information disclosure and external financing. According to the research findings, the institutional ownership variable has a positive and significant effect on the relationship between the quality of information disclosure and external financing , and the variable ownership concentration has a positive and meaningful effect on the relationship between the quality of information disclosure and external financing meaningful.

کلیدواژه‌ها [English]

  • Financing- Information Disclosure Quality- Company Growth- Ownership Structure

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