The investigation effect of accruals-based earnings management and real earnings management on stock liquidity and firm value

Document Type : Original Article

Authors
Abdol mehdi ansari 1
Ali Reza Khorshidi 2
Ali Shirzad 2
1 Associate Professor of Accounting of Vali-e- Asr Rafsanjan university
2 MSc of Vali-e- Asr Rafsanjan university
Abstract
Stock liquidity and firm value are measures the investors involved in investment portfolio decisions and Understanding of factors affecting these criteria is very important. According to discussed the Theoretical Principles in the research are expected earning management will effect on these factors. Therefore, in this study will be discussed the effect of earnings management on the liquidity and value of listed companies in Tehran Stock Exchange. This study to measure the earnings management of accruals-based earnings management based on the Jones model and real earnings management based on Zarowin and Roychowdhury model is used. The statistical sample research is consists of 99 firms listed in Tehran Stock Exchange from 1387 to 1390. Results using of method of multivariate regression and panel data indicated positive and significant relationship between illiquidity measure and negative and significant relationship firm value measure with accruals-based earnings management and in other Results don't indicate a significant relationship between real earnings management and the independent variables.       
Keywords
stock liquidity
Firm Value
accruals-based earnings management
Real Earnings Management