The role of asset management in the insurance industry in improving the economic consequences of the quality of accounting information and the quality of financial reporting

Document Type : Original Article

Authors
mohamad owsati 1
ghodratallah talebnia 2
hamidreza vakilifard 3
1 Accounting, management and economy, Islamic Azad University Science and Research Branch, tehran, iran
2 Accounting Department , Islamic Azad University Science and Research Branch, Tehran, Iran
3 Accounting Department, Islamic Azad University Science and Research Branch, Tehran, Iran
Abstract
Asset management seeks to find a combination of assets in the balance sheet to thereby increase shareholders' net wealth.The role of Asset Management has been studied more in the financial and credit industries and in banks, but less in insurance companies and This research intends to do this .In this study, we first extracted the information required from insurance companies from the financial statements and information available in the Stock Exchange for the period of 8 years from 2016 to 2020 and selected 18 companies from the total of insurance companies as statistical sample.Then, based on Dickey Fuller test, the variables were tested, by Kolmogorov Smirnov test, normality of data and by Durbin Watson test, the independent of the errors. In this study, Fisher's statistic at 95% confidence level was used to test the overall significance of the processed regression model. The results show that measures of asset management (liquidity ratios and fixed assets ratios) have impact on improving the economic consequences of quality of accounting information and quality of financial reporting.
Keywords
Asset Management
Economic consequences. Accounting Information Quality
Financial Reporting Quality
Insurance Industry
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