Authors : Ebrahim Anvari and Abedalreza Ghatea Zadeh Deris
Abstract: One of the most important touchstones of financial statements is to evaluate the company by investors and creditors. Therefore, financial statements must have high quality. If the financial statements have high quality, this represents a fair and correct management and thereby makes investors more confidence to the financial statements. The debt maturity reflects management’s efforts to select the optimal debt maturity structure. Therefore, the quality of financial statements and debt maturity are issues that can affect efficiency and financial performance of any company. In this study, the effect of the financial reporting quality and debt maturity on return on investments of listed companies in Tehran Stock Exchange will be discussed. The sample consists of 43 investment company that during the years 2008-2013, were tested using panel data models. The results showed that the financial reporting quality has an impact on return on investment and the first hypothesis is accepted. But, the debt maturity does not affect the return on investment and the second hypothesis is rejected.
Ebrahim Anvari and Abedalreza Ghatea Zadeh Deris, 2016. Investigate the Effect of Financial and Accrual Reporting Quality and Debt Maturity on Return on Investment (ROI) in Tehran Stock Exchange. International Business Management, 10: 3541-3545.