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Examining the Convergence and Divergence of Managers' and Shareholders' Decisions Based on Earnings Stability and Value Content of Earnings with the Moderating Effect of Salience Phenomenon
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Mohadeseh Afzali   , Soghra Barari Nokashti * , Sina Kheradyar |
| Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran. (Corresponding Author). Barari@iaurasht.ac.ir |
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Abstract: (347 Views) |
| This research was carried out with the aim of investigating the convergence and divergence of managers' and shareholders' decisions based on earnings stability and the value content of earnings with the moderating effect of prominence phenomenon among companies listed on the Tehran Stock Exchange. To collect information, 130 companies were used as a statistical sample of the companies present in the Tehran Stock Exchange in the financial period of 1391 to 1400. Research hypotheses were analyzed using logistic regression method in Eviews10 software. The analysis of hypotheses using the logistic regression method at the 95% confidence level showed that earnings stability has a positive and significant effect on the convergence of managers' and shareholders' decisions. The value content of earnings has a positive and significant effect on the convergence of managers' and shareholders' decisions. Earnings stability has a significant effect on the convergence of managers' and shareholders' decisions with the moderating effect of the salience phenomenon. The value content of earnings with the moderating effect of prominence phenomenon has no significant effect on the convergence and divergence of managers' and shareholders' decisions. |
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| Keywords: Earnings Stability, Salience Phenomenon, Value Content of Earnings, Convergence and Divergence of Managers' and Shareholders' Decisions. |
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Full-Text [PDF 951 kb]
(186 Downloads)
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Type of Study: Applicable |
Subject:
Accounting
Received: 2024/07/17 | Accepted: 2024/08/4 | Published: 2025/06/28
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