فساد شرکت‌ها و دارایی‌های نقدی آن‌ها

نویسندگان

1 گروه حسابداری، دانشکده اقتصاد، مدیریت و حسابداری، دانشگاه پیام نور، تهران، ایران.

2 گروه زبان شناسی همگانی، دانشگاه پیام نور، تهران، ایران.

چکیده
هدف: هدف این پژوهش بررسی تاثیر فساد مالی شرکت‌ها بر دارایی‌های نقدی آن‌ها در شرکت‌های پذیرفته‌شده در بورس اوراق بهادار تهران است. اهمیت این موضوع از آن جهت است که فساد مالی می‌تواند موجب کاهش کارایی تخصیص منابع، افزایش نا اطمینانی و تغییر در سیاست‌های نگهداشت وجه نقد شرکت‌ها شود.
روش‌شناسی پژوهش: این پژوهش از نوع توصیفی-همبستگی و کاربردی است. داده‌ها به‌صورت تابلویی از 161 شرکت طی سال‌های 1393 تا 1402 جمع‌آوری شده‌اند. برای آزمون فرضیه از مدل رگرسیون چندمتغیره استفاده‌شده و متغیر وابسته نسبت دارایی‌های نقدی به‌کل دارایی‌ها است. متغیر مستقل فساد مالی و متغیرهای کنترلی شامل اندازه شرکت، اهرم مالی، رشد شرکت، سرمایه در گردش، بازده دارایی و عمر شرکت هستند.
یافتهها: نتایج نشان داد فساد مالی تاثیر منفی و معناداری بر دارایی‌های نقدی شرکت‌ها دارد؛ به این معنا که با افزایش فساد، میزان نگهداشت وجه نقد کاهش می‌یابد. همچنین اندازه شرکت اثر مثبت و اهرم مالی اثر منفی معنادار بر دارایی‌های نقدی دارد، درحالی‌که سایر متغیرهای کنترلی معنادار نبودند.
اصالت/ارزش‌افزوده علمی: این پژوهش با ارایه شواهد تجربی از بازار سرمایه ایران، نقش فساد مالی در تصمیمات نقدینگی شرکت‌ها را روشن می‌کند و به ادبیات حاکمیت شرکتی و مدیریت مالی در شرایط اقتصاد درحال‌توسعه می‌افزاید.

کلیدواژه‌ها


عنوان مقاله English

Corruption of companies and their cash assets

نویسندگان English

Najmeh Khodabakhshi 1
Azam Pouryousef 1
Mohammad Ramezani 2
1 1Department of Accounting, Faculty of Economics, Management and Accounting, Payam Noor University, Tehran, Iran.
2 2Department of General Linguistics, Payam Noor University, Tehran, Iran.
چکیده English

Purpose: The purpose of this study is to investigate the impact of corporate corruption on cash assets in companies listed on the Tehran Stock Exchange. This issue is important because corruption can reduce the efficiency of resource allocation, increase uncertainty, and change companies' cash holding policies.
Methodology: This research is descriptive-correlational and applied. The data were collected in the form of a panel from 161 companies during the years 1393 to 1402. A multivariate regression model was used to test the hypothesis and the dependent variable was the ratio of cash assets to total assets. The independent variable is financial corruption and the control variables include company size, financial leverage, company growth, working capital, return on assets and company age.
Findings: The results showed that corruption has a significant negative effect on companies' cash assets; meaning that with increasing corruption, the amount of cash held decreases. Also, company size has a positive effect and financial leverage has a significant negative effect on cash assets, while other control variables were not significant.
Originality/Value: By providing empirical evidence from the Iranian capital market, this research sheds light on the role of financial corruption in companies' liquidity decisions and adds to the literature on corporate governance and financial management in developing economies.

کلیدواژه‌ها English

Financial corruption
Cash assets
Cash
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دوره 3، شماره 4
زمستان 1404
صفحه 345-358