Management Characteristics and Audit Opinion Shopping

Iranian Journal of Accounting, Auditing and Finance

مقاله 5، دوره 5، شماره 4 - شماره پیاپی 17، زمستان 2021، صفحه 77-99   

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22067/ijaaf.2021.41404

نویسندگان

Maryam Seifzadeh¹؛ Mahdi Salehi^{* 2}؛ Bizhan Abedini³؛ Mohammad Hamed Khanmohammadi⁴؛ Mohammad Hossein Ranjbar⁵

¹Department of Economics and Administrative Sciences, Qeshm Branch, Islamic Azad University, Qeshm, Iran

²Department of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran

³Department of Economics and Administrative Sciences, Hormozgan University, Hormozgan, Iran

⁴Department of Economics and Administrative Sciences, Damavand Branch, Islamic Azad University, Damavand, Iran

⁵Department of Economics and Administrative Sciences, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran

چکیده

The present study assesses the relationship between management characteristics (management entrenchment, narcissism, CEO overconfidence, board effort, real and accrual-based earnings management) and audit opinion shopping in the Tehran Stock Exchange-listed firms. In other words, this paper seeks to answer the question "whether management characteristics can exert a favourable effect on audit opinion shopping or not." For this study, the multivariate regression model is used for hypothesis testing. Research hypotheses are examined using a sample of 1309 observations on the Tehran Stock Exchange during 2012-2018 and by employing the panel data-based multivariate regression and fixed-effects model. The results show a negative and significant relationship between management entrenchment and managers' overconfidence and audit opinion shopping. A positive and meaningful relationship was observed between management narcissism, real and accrual-based earnings management, and board effort and audit opinion shopping.

کلیدواژه‌ها

Management Entrenchment؛ CEO Overconfidence؛ Real and Accrual-based Earnings Management؛ Audit Opinion Shopping؛ Board Effort

مراجع