تأثير مديريت سود بر ميزان مربوط بودن سود و ارزش هاي دفتري با ارزش بازار سهام شركت هاي پذيرفته شده در بورس اوراق بهادار تهران

The Impact of Earnings Management on the Value-Relevance of Earnings and Book Value in Tehran Stock Exchange

Earnings and book value are commonly used as the basis for firm valuation. However, the reliability of earnings, as indicated by earnings management, may affect its relevance in determining firm value. This research investigates the link between earnings management and firm valuation by assessing the impact of earnings management on the value-relevance of earnings and book value. Total discretionary accruals are estimated using the Jones model. The population of the research is consisted of the companies listed in Tehran Stock Exchange between the period between 1381 to 1386. This research provides evidence that earnings management plays a role in the valuation process. Earnings management via discretionary accruals reduces the value-relevance of earnings and increases the value-relevance of book value.