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Abstract:
This research is considering the assessment of relation between conservativeness in accounting and capital expenses among approved companies in the stock market. The conservativeness is being measured based on asymmetric timeliness of earning which is criterion of profit and loss,and also it is based on the value of market to the value of share book which is criterion of balance sheet.Therefor in this research, the relation between capital expenses and conservativeness is being measured with considering of these two criterions.
Based on information of the financial notes and shares prices of 86 approved companies in the stock market in negotiable papers during 1380 till 1387 and also by using of the linear poly variant regression analysis and with the help of SPSS, research shows that there is a negative relation between capital expenses based on the portofvey of companies and conservativeness based on the asymmetric timeliness of earning.
Another result is this fact that based on the ratio of market value to book value of stocks,there is a positive and meaningful relation between the capital expenses and the conservativeness.
The reason of different reaction in the capital expenses in regard to the two criterions of conservativeness is due to the difference between the structure of these two criterions.As a matter of fact, the reason is because the asymmetric timeliness of earning is a profit and loss criterion, while the ratio of market value to book value is a balance sheet criterion.
.
Islamic Azad University
Arak Branch
Faculty of Management-Department of Accounting
((M.A)) Thesis
Subject:
The Assessment of Relation Between Conservatineness in Accounting and Capital Expenses Among Approved Companies in Tehran Negotiable Papers Stock Market
Thesis Advisor:
M.R. Setayesh Ph.D.
Consulted by:
M.H. Janani Ph.D.
by:
Ehsan Mahmoodi
Summer 2010
1 . Hendriksen, E. S. 1982,P15
2 . Watts, R.L., 2003b,P287-301
3Francis, J., et all,2003,p 967-1010.
4. Watts, R.L., 2003b,P287-301
5.Basu, S.1997,p50
2 -Basu,1997
4 -Market To Book Ratio,MTB
4- Asymmetric timeliness of earnings
5 -Lara،Osma&Penalva,2007,p87
4. Hellman,, Niclas , 2007
1. Lara،Osma&Penalva,2007,p87
2.MTB
1-Downward bias.
7 -Feltham and Ohlson.1995
3. Basu, S. 1997,p337
4 -Asymmetric timeliness of earnings .
5. Roychowdhury, S. and R. Watts. 2007,p3
1. Basu, S. 1997,p7
2. Shroff, Venkataraman and Zhang.
3. Watts, R.L., 2003b,P287
4. Chat Field
5.Kiso et all,2001
1. Beaver,1998
2.faltham & ohalson,1995
3. sheroof et all,2004,p6
5. Watts, R.L. and J. Zimmerman, 1986,p27
6. Generally Accepted Accounting Principles ( GAAP ).
8.Scott,2000,p1-2
2. Financial Accounting Standard Board (FASB)
3. Uncertainty.
2. helman,2007
3. Hendrickson and Van Breda.
1. Hendrickson,1992,p48
2.conceptual issues
3. Watts, R.L. and Zimmerman, 1979,p27
4. AAA
5.Helman,2007
6. Feltham and Ohlson,1995
1. Penman, S. H. and Zhang, X-J. (2002)
2. Paton, W.00000 and Littleton, A. C. (1940)
1. Sterling, R. R. (1967)
2. Watts, R.L., 2003a,p288
3-Givoly and Hayn,2000
1. Givoly and Hayn,2000,p292
2-Contemporaneous.
3. Watts, R.L., 2003a
4. Basu, S. (1997)
5.Timeliness.
6.Persistence.
1. Basu, S. (1997),p4
1. Basu, S. (1997),p5
1. Roychowdhury, S. and R. Watts. 2007.
2.Enterprise value (EV)
2. Basu, S. (1997)
2.Roychwdhury and watts,2006
2. NAV
3.Initial Public offering (IPO).
9 -The composition of equity value at the beginning of the period.
10 -David Young & Steffan o Byrne,2001,p49
11 – Capital Asset Pricing Model(CAPM)
12 -Arbitrage Pricing Model(APM)
13 -pagano & Stout,2004,p78
14 -Arbitrage Pricing Model
1.GDP
2 – David Young & Steffan o Byrne,2001,p48
2. DCF
3. Gordon. 1997
1. Risk free rate
2. Risk premium
3. Young & o Byrne,2001,p93
15 -Arthur Levitt
16 -Neel Foster
3. FASB
4.Botosan, 1997, Gebhardt et al.,2001
17 -Barry and Brown
18 -Coles et al.
3.Lambert et all,2006
4. akrolof,1970
5. Easley, D. and M. O’Hara. 2004
1.Botosan,1997
2. Francis, J., R. LaFond, P. Olsson, and K. Schipper. 2004
3.abodi et all,2005
4.karvolt & sholin,2007
5. Ahmed,A.S., and Duellman, S., 2005
6.yong & poop,2004
1. LaFond, R. and Watts, R., 2006
2. Shivakumar & ball,2005
3. NPV
4. gay & sha,2006
5. Verdi, R.S. 2006
6. smith, 2006
1. LaFond, R. and Watts, R., 2006
2.lara et all,2006
3.Troman & titman,1988
4. LaFond, R. and Watts, R., 2006
19 -Penndorf,1930
2. Basu, S. (1997)
3.Chatfield
1. LaFond, R. and Watts, R., 2006
2. Watts, R.L., 2003a
20- Debtholders.
2. Roychowdhury, S. and R. Watts. 2007,p10
3. Watts, R.L., 2003a,p210
4.Pope, and. Walker,1999
21 .ball,2001
22 . Ahmed,A.S., and Duellman, S., 2005
23 . Givoly, D., C. Hayn. 2007
24 .Beaver, W.H. and S.G. Ryan. 2005
25 . Basu, S. (1997)
26. Roychowdhury, S. and R. Watts. 2007
27. Easley, D. and M. O’Hara. 2004
28.karot 7 sholin

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