بررسی نقش تعدیل کننده نگهداشت وجه نقد در رابطه بین محافظه‌کاری غیرشرطی و ریسک ورشکستگی

اقدامی, اسماعیل; یوسف نژاد, صادق; پنداشته, مائده

doi:10.22105/imos.2021.298816.1153

نوع مقاله : مقاله پژوهشی

نویسندگان

¹ گروه حسابداری، واحد لاهیجان، دانشگاه آزاد اسلامی، لاهیجان، ایران.

² گروه حسابداری، موسسه آموزش عالی غیرانتفاعی قدیر لنگرود، لنگرود، ایران.

10.22105/imos.2021.298816.1153

چکیده

هدف: هدف پژوهش حاضر، بررسی رابطه بین محافظه‌کاری (غیرشرطی) با ریسک ورشکستگی و تأثیر نگهداشت وجه نقد بر رابطه بین آن دو می‌باشد.
روش‌شناسی پژوهش: روش پژوهش حاضر توصیفی- همبستگی است. در این پژوهش برای اندازه‌گیری محافظه‌کاری غیرشرطی از الگوی بیور و رایان (2000‌) و برای اندازه‌گیری ریسک ورشکستگی از مدل آلتمن (1968) استفاده شده است.‌ همچنین در این پژوهش سعی شده است تا نقش تعدیل‌گری نگهداشت وجه نقد بر رابطه بین محاظه‌کاری غیرشرطی و ریسک ورشکستگی نیز بررسی شود. به منظور کنترل اثرات جانبی نیز متغیرهای ارزش بازار سهام، بازده دارایی‌ها، هزینه تحقیق و توسعه، گردش دارایی، سود سهام تقسیمی، ارزش بازار به دفتر و لگاریتم قیمت سهام نیز وارد مدل شده‌اند. سپس، نمونه‌ای متشکل از 140 شرکت بطور سیستماتیک طی یک دوره زمانی ده ساله طی سال‌های 1389-1398 انتخاب شدند و با استفاده از مدل لجستیک برای داده‌های تابلویی مورد تجزیه و تحلیل قرار گرفتند.
یافته ها: نتایج پژوهش نشان می‌دهد که محافظه‌کاری غیرشرطی رابطه مثبت و معناداری با ریسک ورشکستگی شرکت دارد، به عبارت دیگر در شرکت‌های دارای محاظه کاری غیرشرطی احتمال ورشکستگی در آن‌ها بیشتر است. درخصوص نقش تعدیلی نگهداشت وجه نقد بر رابطه بین محاظه‌کاری غیرشرطی و ریسک ورشکستگی، شواهدی دال بر معناداری متغیر تعاملی نگهداشت وجه نقد و محافظه‌کاری غیرشرطی با ریسک ورشکستگی شرکت یافت نشد.
اصالت/ارزش افزوده علمی: بر اساس نتایج پژوهش، محافظه‌کاری می‌تواند به کم کردن ریسک ورشکستگی کمک کند. لذا علاوه بر انتفاع سهامداران از این موضوع در سطح اقتصاد کلان نیز می‌تواند مفید واقع شود.

کلیدواژه‌ها

20.1001.1.27831345.1401.3.1.6.9

عنوان مقاله [English]

Investigating the moderating role of moderation cash in the relationship between unconditional conservatism and bankruptcy risk

نویسندگان [English]

Esmaeil Eghdami ¹
Sadegh Yousef Nezhad ¹
Maedeh Pendashteh ²

¹ Department of Accounting, Lahijan Branch, Islamic Azad University, Lahijan, Iran.

² Qadir Non-profit Higher Education Institute, Langrud, Iran.

چکیده [English]

Purpose: The present stuudy aims at investigating the relationship between unconditional conservatism and bankruptcy risk and the moderating role of cash on this relationship.
Methodology: The method of the present study is descriptive-correlation. With this end in view, in the present study, Beaver and Ryan’s (2000‌) model was used to measure unconditional conservatism and Altman’s (1968) model, which provides a range of bankruptcy probabilities, was used to measure bankruptcy risk. This study also attempts to investigate the moderating role of cash on the relationship between unconditional retention and bankruptcy risk. For this purpose, samples consisting of 140 companies were systematically selected over a period of ten years during the years 1389-1389 and were analyzed using the logistic model for panel data.
Findings: The results of the study suggested that unconditional conservatism increases the risk of corporate bankruptcy, but no evidence was found concerning the relationship between the interactive variable of unconditional conservatism and cash that might lead to corporate bankruptcy risk.
Originality/Value: According to research, conservatism can help reduce the risk of bankruptcy. Therefore, in addition to the benefit of shareholders from this issue at the macroeconomic level can also be useful.

کلیدواژه‌ها [English]

Bankruptcy risk
Cash
Unconditional conservatism

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مدیریت نوآوری و راهبردهای عملیاتی

بررسی نقش تعدیل کننده نگهداشت وجه نقد در رابطه بین محافظه‌کاری غیرشرطی و ریسک ورشکستگی

مراجع

مراجع

دوره 3، شماره 1
خرداد 1401
صفحه 82-95

بررسی نقش تعدیل کننده نگهداشت وجه نقد در رابطه بین محافظه‌کاری غیرشرطی و ریسک ورشکستگی

مراجع

مراجع

دوره 3، شماره 1خرداد 1401صفحه 82-95

دوره 3، شماره 1
خرداد 1401
صفحه 82-95