نقش حاکمیت شرکتی در تعدیل اثر پیچیدگی صورت‌های مالی بر تامین مالی و سلامت مالی پایدار شرکت‌ها

نوع مقاله : مقاله پژوهشی

نویسنده

گروه حسابداری، دانشگاه اصفهان، اصفهان، ایران.

10.22105/fbs.2026.243179
چکیده
هدف: هدف این مقاله بررسی نقش حاکمیت شرکتی در تعدیل رابطه بین پیچیدگی صورت‌های مالی و تامین مالی شرکت‌ها به‌عنوان یکی از شاخص‌های سلامت مالی پایدار است.
روش‌شناسی پژوهش: این پژوهش با استفاده از داده‌های 236 شرکت پذیرفته‌شده در بورس اوراق بهادار تهران طی سال‌های 1392 تا 1401 و به‌کارگیری مدل رگرسیون داده‌های تابلویی انجام شده است. پیچیدگی صورت‌های مالی با شاخص فوگ و تعداد صفحات گزارش‌ها و تامین مالی با میزان استقراض بانکی اندازه‌گیری شده است.
یافتهها: نتایج نشان می‌دهد که پیچیدگی صورت‌های مالی بر تامین مالی شرکت‌ها اثر معناداری دارد، اما حاکمیت شرکتی نقش تعدیل‌کننده معناداری در این رابطه ایفا نمی‌کند.
اصالت/ارزش افزوده علمی: این پژوهش با تمرکز بر بازارهای نوظهور نشان می‌دهد که حاکمیت شرکتی توان تعدیل اثر پیچیدگی گزارشگری مالی بر تامین مالی را ندارد و بینشی درباره اثر ساختار گزارشگری بر دسترسی به منابع مالی ارایه می‌دهد.

کلیدواژه‌ها


عنوان مقاله English

The role of corporate governance in moderating the effect of financial statement complexity on financing and sustainable financial health of companies

نویسنده English

Hossein Kazemzadeh Zazrani
Department of Accounting, University of Isfahan, Isfahan, Iran.
چکیده English

Purpose: The purpose of this paper is to investigate the role of corporate governance in moderating the relationship between financial statement complexity and firms’ financing, as an indicator of sustainable financial health.
Methodology: This paper aimed to analyze 236 firms listed on the Tehran Stock Exchange during 2013–2021 using panel data regression. Financial statement complexity is measured by the Fog index and report length, while financing is proxied by bank borrowing.
Findings: The results show that financial statement complexity significantly affects firms’ financing. However, corporate governance does not have a significant moderating effect on this relationship.
Originality/Value: This study highlights the limited moderating role of corporate governance in an emerging market context and provides evidence on how reporting complexity influences firms’ access to finance.

کلیدواژه‌ها English

Financial statement complexity
Corporate governance
Financing
Sustainable financial health
Sustainable governance
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