ability to compare financial statements

Narcissism is a personality trait in which a person tends to be admired, exaggerate, and magnify himself. Narcissistic managers will be more able to use power and information asymmetry to intervene in false financial reporting. Therefore, based on this argument, the current research aims to investigate the effect of self-obsession and overconfidence of managers on the comparability of financial reports.

The sample consists of 167 companies listed on the Tehran Stock Exchange from 2012 to 2012.

The results of the research findings show that managers' narcissism affects the comparability of financial statements. Also, excessive confidence of managers affects the comparability of financial reports.

Originality: 

Managers who are narcissistic use their skills in deceit, fraud, and intimidation to maintain their leadership position. In most cases, narcissistic managers are pursuing great achievements within the company. That's why they tend to engage in bold strategic-operational actions and risky business ventures, aiming to demonstrate their best performance to others and ultimately become admired and recognized, thus gaining self-esteem and greatness for themselves; resorting to deceptive activities to achieve this goal.

Given that the availability of peer-to-peer information facilitates comparability for foreign investors, thus making it easier for investors to understand financial statement information between firms. ندکند. Therefore, this leads to a better understanding of the performance and reaction of companies' stock prices. Accordingly, in this study, the effect of comparability of financial statements on the delayed reaction of stock prices in Tehran Stock Exchange companies is investigated. In this research, 132 companies in the period 1399-1394 have been studied. To test the hypotheses, the panel regression model was used. The research findings show that the ability to compare financial statements has a negative and significant effect on the stock price delay response.

Comparability of financial statements is one of the qualitative features that emphasizes the usefulness of financial information. The financial statements should include comparative information for the previous period. Comparative information should be disclosed to the extent that it is relevant to the understanding of the current period financial statements. Comparability of financial statements is a feature that helps users identify and understand similarities and differences. Due to the transition of societies from the age of industry to the age of information, the importance of intellectual capital in the world of business has also grown. Intellectual capital is the effort to make effective use of existing knowledge and intangible assets. Therefore, the purpose of this study is to investigate whether intellectual capital has a significant effect on the comparability of financial statements or not? The statistical population of companies listed on the Tehran Stock Exchange between 1394 and 1399 and using the information of 118 companies and multivariate linear regression method was tested. According to the results of the first sub-hypothesis test, the physical capital variable, considering that its significance level is less than 5%, which indicates a significant relationship with the comparability of financial statements. Also, the results of the second sub-hypothesis indicate that the structural capital variable, considering that its significance level is less than 5%, which indicates a significant relationship between the comparability of financial statements. Also, the results of the third sub-hypothesis indicate that the variable of human capital, considering that its significance level is less than 5%, which indicates a significant relationship between the comparability of financial statements.

Since this interventionist behavior may affect the quality of the information and its usefulness for investment decisions, it should provide quality mechanisms to protect the interests of investors and control the opportunistic behavior of managers. One of the mechanisms to reduce the representation issue is the corporate governance system. Corporate governance mechanisms can reduce the managers' opportunistic behavior and, as a result, increase the quality of the information provided.The purpose of this study was to investigate the effect of corporate governance on managers' optimism and the ability to compare financial statements in companies admitted to Tehran Stock Exchange. For this purpose, the required data from 79 listed companies in Tehran Stock Exchange during the period 2014 to 2018 were collected.The results of the research show that among the chosen mechanisms of corporate governance, the independence of the board, the dual role of the CEO, the concentration of ownership and institutional ownership, is effective on the relationship between management optimism and the ability to compare financial statements, but product competition in the product is based on the relationship between management optimism and The ability to compare financial statements is not effective.

In this study, the effect of macroeconomic variables on the relationship between comparability of financial statements and debt maturity structure in Tehran Stock Exchange has been investigated. The statistical sample of the research, which has been selected by systematic elimination method, includes 114 companies among the companies listed on the Tehran Stock Exchange during the years 1392 to 1398. The research is descriptive-correlational and multivariate regression and combined data have been used to test the research hypotheses. The result of the research hypothesis shows that only the money supply affects the relationship between the comparability of cash flows and the structure of debt maturity.

The purpose of this study is to examine the relationship between comparability of financial statements and debt maturity structure in Tehran Stock Exchange. The statistical sample of the research, which has been selected by systematic elimination method, includes 114 companies among the companies listed on the Tehran Stock Exchange during the years 1392 to 1398. The research is descriptive-correlational and multivariate regression and combined data have been used to test the research hypotheses. The results of testing the research hypotheses showed that there is a positive and significant relationship between profitability, comparability of operating cash flows and debt maturity structure. Thus, it is necessary to prepare reports to facilitate the comparison of financial statements on the one hand and to train market participants in order to understand the importance and use of this qualitative feature on the other hand.

Considering the importance of maintaining cash and comparing financial statements in the capital market, this research seeks to investigate the impact of the characteristics of the company on the relationship between the ability to compare the financial statements of corporate cash holdings. Company features include financial constraints, financial reporting quality and ownership concentration. In order to achieve the research goals, the period of 1391 to 1395 was tested. In this research, multiple linear regression has been used using panel data. The results indicate that there is a significant relationship between comparability of financial statements and cash holdings. On the basis of the findings, there was a negative and significant correlation between ownership concentration and financial reporting quality on the relationship between comparability of financial statements and cash holdings. Meanwhile, the financing limitation on the relationship between comparability of financial statements and cash holdings did not have a significanteffect. Keywords: ability to compare financial statements, cash holdings, fiscal constraints, financial reporting quality, concentration

Comparability is one of the qualitative characteristics of financial information that increases its usefulness and allows users to identify similarities and differences in the financial performance of companies. The present study examines the impact of the CEO's tenure on the ability to compare financial statements with an emphasis on auditor size. This research is applied in terms of purpose and in terms of methodology, correlation is a type of causal (post-event) research. All companies listed on the Tehran Stock Exchange have been selected as the statistical population of the study. Using the systematic elimination method, 123 companies were selected and surveyed over a period of 6 years between 1392 and 1397. The method used to collect information is library and multiple linear regression has been used to test the hypotheses. Stata version 15 software was used to perform the tests and estimate the models. The results of the research show that the tenure of the CEO has a significant effect on the ability to compare financial statements. The size of the auditor reinforces the direct impact of the CEO's tenure on the ability to compare statements.