Investigating the Relationship between Financial Reporting Quality, Debt Maturity and Investment Efficiency in Tehran Stock Exchange

Zeynab Amini Fard¹ Azar Moslemi²

1) M.A Student, Department of Accounting, Khomein Branch, Islamic Azad University, Khomein, Iran.
2) Department of Accounting, Khomein Branch. Islamic Azad University, Khomein, Iran.

IOI Code : XYAC-ZCADK
Publication : 3rd.International Conference on Modern Research’s in Management,Economics & Accounting(3meaconf.com)
Abstract :
    The purpose of this study was to investigate the relationship between financial reporting quality, short-term debt maturity and investment efficiency in four mathematical forms. Financial reporting quality and short-term debt maturity were the independent variables; investment efficiency was the dependent variable; and size of the company, asset tangibility, standard deviation of cash flow and cash flow were the control variables of the study. Regarding the topic and application of this study, the population of the study included the active companies in Tehran Stock Exchange. The sample included 77 companies. The data of this study were the information of one year of the companies listed on Tehran Stock Exchange from 2009 to 2013. The hypotheses were tested and the results were presented. Multivariate Regression Analysis using combined data with fixed effects were used to test the hypotheses of this study. The results of the study showed that there is a direct significant relationship between financial reporting quality, short-term debt maturity and investment efficiency.

Keywords : financial reporting short term debt maturity investment efficiency asset tangibility cash flow