عنوان مقاله :
بررسي تاثير سيستم اندازه‌‌گيري حسابداري بر تجزيه و تحليل دوپانت توسط فعالان بازار
عنوان به زبان ديگر :
Investigating the Effect of Accounting System on the DuPont Analysis by Market Participants
پديد آورندگان :
گرد، عزيز دانشگاه پيام نور تهران , رحيم پور، محمد دانشگاه پيام نور مهاباد , حميدي، سلمان دانشگاه آزاد اسلامي واحد بوكان
كليدواژه :
تجزيه و تحليل دوپانت , بهاي تمام‌شده تاريخي , بازده آتي
چكيده فارسي :
ﻧﻈﺮ ﺑﻪ اﯾﻨﮑﻪ ﯾﮑﯽ از روﯾﮑﺮدﻫـﺎي ﻏﺎﻟـﺐ در ﺗـﺪوﯾﻦ اﺳـﺘﺎﻧﺪاردﻫﺎي ﺣﺴـﺎﺑﺪاري، ﻣـﺪل ﺑﻬـﺎي ﺗﻤﺎم ﺷﺪه ﺗﺎرﯾﺨﯽ اﺳﺖ، در اﯾﻦ ﭘـﮋوﻫﺶ ﺑـﻪ ﺑﺮرﺳـﯽ اﯾـﻦ ﭘﺮﺳـﺶ ﭘﺮداﺧﺘـﻪ ﺷـﺪه اﺳـﺖ ﮐـﻪ آﯾـﺎ اﺳﺘﻔﺎده از ﺳﯿﺴﺘﻢ ﺑﻬﺎي ﺗﻤﺎم ﺷﺪه ﺑﺮاي داراﯾﯽ ﻫﺎ ﻣﻮﺟـﺐ ﮐـﺎﻫﺶ ﺳـﻮدﻣﻨﺪي ﻧﺴـﺒﺖ ﻫـﺎي دوﭘﺎﻧـﺖ ﺑﺮاي ﺳﺮﻣﺎﯾﻪ ﮔﺬاران ﺧﻮاﻫﺪ ﺷﺪ ﯾﺎ ﺧﯿﺮ. وﻗﺘﯽ در ﻣﻮرد ﺑﺮﺧﯽ اﻗﻼم، ﺳﯿﺴﺘﻢ ﺑﻬﺎي ﺗﻤـﺎم ﺷـﺪه ﻣـﻮرد ﺗﻌﺪﯾﻞ ﻗﺮار ﻣﯽ ﮔﯿﺮد ﻧﺴﺒﺖ ﻫﺎي ﺣﺴﺎﺑﺪاري ﺑﻪ دﻟﯿﻞ ارزﺷﯿﺎﺑﯽ ﺟﺪﯾﺪ ﺗﻤﺎﯾـﻞ ﺑـﻪ اﻓـﺰاﯾﺶ دارﻧـﺪ ﮐـﻪ اﯾﻦ ﻧﻮﺳﺎﻧﺎت ﮔﺮدش داراﯾﯽ ﻫﺎ در ﻗﺎﻟﺐ ﻧﺴﺒﺖ ﻫﺎي دوﭘﺎﻧﺖ ﻣﯽ ﺗﻮاﻧﺪ ﻧﺎﺷﯽ از ﻧﯿﺮوﻫﺎي اﻗﺘﺼـﺎدي و اﺛﺮات ﺳﯿﺴﺘﻢ اﻧﺪازه ﮔﯿﺮي ﺑﺎﺷﺪ. ﺑﺮاي ارزﯾﺎﺑﯽ ﮔﺴﺘﺮه اﺛﺮﮔﺬاري ﺳﯿﺴﺘﻢ اﻧﺪازه ﮔﯿـﺮي، از ﻣﯿـﺎﻧﮕﯿﻦ ﻋﻤﺮ داراﯾﯽ اﺳـﺘﻔﺎده ﮔﺮدﯾـﺪ. ﻧﻤﻮﻧـﻪ ﻣـﻮرد ﺑﺮرﺳـﯽ در اﯾـﻦ ﻣﻘﺎﻟﻪ ﻣﺸـﺘﻤﻞ ﺑـﺮ 145 ﺷـﺮﮐﺖ ﻃـﯽ ﺳﺎل ﻫﺎي 1394-1385 ﺷﺎﻣﻞ 940 ﻣﺸﺎﻫﺪه ﺑﻮده اﺳﺖ. ﺑﺮاي آزﻣﻮن ﻓﺮﺿﯿﻪ ﻫـﺎي ﭘـﮋوﻫﺶ از ﻣـﺪل رﮔﺮﺳﯿﻮن و روش ﮔﺎم ﺗﺼﺎدﻓﯽ اﺳـﺘﻔﺎده ﮔﺮدﯾـﺪ. ﻧﺘـﺎﯾﺞ ﻧﺸـﺎن داد ﮐـﻪ ﻧﺴـﺒﺖ ﮔـﺮدش داراﯾـﯽ و ﭘﺎﯾﺪاري آن راﺑﻄﻪ ﻣﺜﺒﺖ و ﻣﻌﻨـﺎداري ﺑـﺎ ﻋﻤـﺮ داراﯾـﯽ دارد. ﻫﻤﭽﻨـﯿﻦ ﺧﻄـﺎي ﭘـﯿﺶ ﺑﯿﻨـﯽ ﮔـﺮدش داراﯾﯽ ﺑﺎ ﻋﻤﺮ داراﯾﯽ و ﺑﺎزده آﺗﯽ ﺷﺮﮐﺖ راﺑﻄﻪ ﻣﺜﺒﺖ و ﻣﻌﻨﺎداري دارد
چكيده لاتين :
Due to the fact that, the dominant approach in accounting standards is historical cost, the present study attempts to investigate whether the use of the system of historical cost for assets causes a decrease in the usefulness of DuPont ratio for investor or not. When in sum items the system of historical cost is adjusted the ratio of accounting tends to increase because of new evaluation. This fluctuation of the asset turnover in the form of DuPont ratio could result from economic forces and the effect of measurement system. In order to evaluate the range of the effect of measurement system, an average of the assets age is used. The sample under the study consisted of 145 companies during years 2005 to 2015. The result indicated that the asset turnover ratio and their persistence had a positive significant correlation with the asset age. In addition the error of the predication of the assets age had a positive significant correlation with the asset age and the future return of the companies.
عنوان نشريه :
پژوهش هاي كاربردي در گزارشگري مالي
