Identifying and Ranking Factors Affecting Earnings Response Coefficient

Iranian Journal of Accounting, Auditing and Finance

مقاله 2، دوره 6، شماره 3 - شماره پیاپی 20، آبان 2022، صفحه 15-28  

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22067/ijaaf.2022.42037

نویسندگان

Seyed Mohsen Mousavi¹؛ Meysam Arabzadeh ²؛ Mohamad Alipoor ³؛ Omid Faraji ⁴؛ Aliakbar Farzinfar⁵

¹accounting department, Islamic Azad University, Kashan Branch, Kashan, Iran.

²Department of Accounting, Kashan Branch, Islamic Azad University, Kashan,Iran

³accounting department, Islamic Azad University, Khalkhal Branch, Khalkhal, Iran

⁴faculty of management and accounting, University of Tehran, College of Farabi, Qom, Iran

⁵accounting department, Islamic Azad University, Kashan Branch, Kashan, Iran

چکیده

One of the most critical questions after financial statements is why market responses differ from companies with almost similar statements. This research aims to answer this question by identifying factors affecting the earnings response coefficient. In this research, all of these factors were identified, classified, and ranked for the first time in Iran. The researchers carried out the research using Fuzzy Delphi in two phases, and Shannon's Entropy was done. The cross-sectional method was used, and the data were collected over several weeks. The statistical population included 40 experts who have been active in the Iranian capital market for many years. The results revealed that 46 factors directly influence the earnings response coefficient in Iran. Finally, these factors were classified into five categories: the company’s financial features and financial reporting, the company’s market share, auditing quality, corporate governance, and environmental factors, then ranked with the aid of Shannon’s Entropy.

کلیدواژه‌ها

Financial Reports؛ Earnings Response Coefficient؛ Investors’ Behavior؛ Capital Market Response