چکیده:
The real earning management (REM) is one of resulting interest conflict between owners and management that management be have responsible to owners it. The management stockholders is effected of way adapting internal found. The aim of research recognition relationship between real earning management (REM) and cash of holding in research for measurement REM at models (Roychowdhury and Gunny). And for measurement relationship cash holding with earning management used at adjusting models (Opler and Fama, French.). For hypothesis examination used by liner regression and (EGLS OR OLS). The resulting represents is relation positive and signification between REM and cash holding and investors decreases cash holding in firm REM
خلاصه ماشینی:
Table 2- Test of reliability of research variables at 95% confidence level Leon, Lin, and Chu Variables F P(VALUE) Cash flows -69/18 0/00 Net working capital -4/34 0/00 Market to book value -66/14 0/00 Cost of capital -762/32 0/00 Research and development expenses -2062 0/00 Financial leverage -4/14 0/00 Discretionary accruals -97/19 0/00 Real earnings management index -23/57 0/00 Market value -15/99 0/00 Cash flow -6/08 0/00 Profit -27/71 0/00 Internal financing -35/30 0/00 Profit from sale of investments -173146 0/00 Tobin's Q -177/94 0/00 Asset sales -88/022 0/00 Total R&D, general and advertising expenses (1-) 0/00 -12/0284 Source: Researcher's findings Table 3- Results of autocorrelation and heteroscedasticity tests Autocorrelation test Heteroscedasticity test Hypotheses F P(VALUE) F P(VALUE) First hypothesis 0/0073 7/54 0/000 260/00 Second hypothesis 0/001 16/229 1/000 1082/47 Source: Researcher's findings 3-8- Testing research hypotheses in panel data form In this section, the testing of hypotheses is addressed in the form of descriptive statistics and regression models.
This decision demonstrates the real control of economic events that directly affects future earnings and therefore, it is used as earnings management Financial Accounting and Auditing Research Number 30 / Summer 2016 1- Introduction In financial literature, it is stated that the value of a company is calculated based on the valuations and perceptions of investors regarding the present discounted value of the company's future cash flows.
In this research, first, the relationship between real earnings management (through the reduction of discretionary expenses and sale of assets) and cash holding levels was tested.
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