The role of distributional cash to shareholders on the relationship between the agency and conditional conservatism

This study examines effect distributional cash to shareholders on the relationship between costs and conditional conservatism representing 104 companies listed on TSE in the period from 2006-2014 deals. Analysis of findings based on panel data shows that the agency cost of and demand for conditional conservatism a significant and positive relationship exists, The relationship between the distribution of cash and conditional conservatism is not significant. And the role distribution of cash on the relationship between the agency and conditional conservatism is significant and positive. Payment of dividends, creating a conflict of interest between shareholders and creditors, so in such a situation demand for conservatism both the creditors and the shareholders' increases and is expected to accounting conservatism incentives for efficient investment decisions, created and monitoring of decisions investment managers facilitate and ultimately lead to the reduction of agency problems. so companies with excess cash at a high level, have higher levels of conservatism.