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The Effects of Corporate Characteristics on Managerial Entrenchment | ||
Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies) | ||
دوره 14، شماره 1، فروردین 2021، صفحه 245-272 اصل مقاله (532.83 K) | ||
نوع مقاله: Research Paper | ||
شناسه دیجیتال (DOI): 10.22059/ijms.2020.293765.673878 | ||
نویسندگان | ||
Mahdi Salehi1؛ Mahmoud Lari Dashtbayaz* 1؛ Masoud Mohtashami2 | ||
1Faculty of Accounting, Ferdowsi University of Mashhad, Mashhad, Iran | ||
2Islamic Azad University, Qaenat Branch, Qaenat, Iran | ||
چکیده | ||
The present study aims to assess the relationship between some corporate factors and managerial entrenchment in companies listed on the Tehran Stock Exchange during 2011-2017. Panel data regression models were used to test the hypotheses. The obtained results indicated that four corporate factors, namely real earnings management, predictable earnings management, institutional ownership, and board independence, have a significant relationship with the managerial entrenchment. In this study, the mixed index of managerial entrenchment is calculated using the principal component analysis based on four governance mechanisms of the percentage of shares available to the CEO, CEO duality, CEO compensation logarithm, and CEO tenure. This process has made the present study distinct from the previous ones, in which individual indexes were used for evaluating the entrenchment. | ||
کلیدواژهها | ||
Corporate governance؛ Managerial entrenchment؛ Earnings management | ||
عنوان مقاله [English] | ||
بررسی اثر عوامل شرکتی بر روی سنگرگیری مدیریت | ||
نویسندگان [English] | ||
مهدی صالحی1؛ محمود لاری دشت بیاض1؛ محمد محتشمی2 | ||
1گروه حسابداری، دانشگاه فردوسی مشهد، مشهد، ایران | ||
2دانشگاه ازاد اسلامی واحد قائنات، قائنات، ایران | ||
چکیده [English] | ||
هدف از انجام این پژوهش، بررسی ارتباط برخی عوامل شرکتی با سنگرگیری مدیریت در بین شرکتهای پذیرفته شده در بورس اوراق بهادار تهران میباشد. قلمرو زمانی پژوهش محدود به سالهای 1395- 1389 است. روش پژوهش توصیفی- همبستگی بوده و برای تبیین ارتباط بین متغیرهای پژوهش از مدلهای رگرسیونی مبتنی بر دادههای پانلی استفاده شد. در این پژوهش، با استفاده از تحلیل مولفههای اصلی مبتنی بر چهار سازوکار حاکمیتی درصد سهام در اختیار مدیر عامل، دوگانگی نقش مدیر عامل، لگاریتم پاداش هیات مدیره و دوره تصدی مدیر عامل، شاخص ترکیبی سنگرگیری مدیریت محاسبه میشود و از این نظر متمایز از پژوهشهای گذشته میباشد که در آنها از شاخصهای منفرد برای سنجش سنگرگیری استفاده گردید. یافتههای پژوهش نشان میدهد که از بین عوامل شرکتی چهار عامل مدیریت سود واقعی، مدیریت سود پیشبین، مالکیت نهادی و استقلال هیات مدیره ارتباط معناداری با سنگرگیری مدیریتی دارند. | ||
کلیدواژهها [English] | ||
اجتناب مالیاتی, حاکمیت شرکتی, سنگرگیری مدیریت, مدیریت سود | ||
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