اثر استراتژی‌های رهبری هزینه و تمایز بر رابطه بین اقلام تعهدی با خطر ورشکستگی

امری اسرمی, محمد; ابراهیمی, سید کاظم; باقری, فاطمه; عبادی جامخانه, الهه

نوع مقاله : مقاله پژوهشی

نویسندگان

¹ استادیار، گروه حسابداری، دانشکده اقتصاد، مدیریت، و علوم اداری، دانشگاه سمنان، سمنان، ایران.

² دانشیار گروه حسابداری، دانشکده اقتصاد، مدیریت و علوم اداری، دانشگاه سمنان، سمنان، ایران

³ کارشناسی ارشد، دانشکده اقتصاد، مدیریت و علوم اداری، دانشگاه سمنان، سمنان، ایران

چکیده

مدیران معماران استراتژی‌های نوآورانه و رهبرانِ ایجاد ارزش شرکت می‌باشند. پژوهش حاضر اثر استراتژی‌های رهبری هزینه و تمایز را بر رابطه بین اقلام تعهدی اختیاری و غیراختیاری با ریسک ورشکستگی بررسی می‌کند. متغیرهای اقلام تعهدی اختیاری و غیراختیاری از مدل جونز تعدیل شده، اﺳﺘﺮاﺗﮋی رﻫﺒﺮی ﻫﺰﯾﻨﻪ با گردش دارایی، استراتژی ﺗﻤﺎﯾﺰ با حاشیه سود و رﯾﺴﮏ ورﺷﮑﺴﺘﮕﯽ به روش Z آﻟﺘﻤﻦ توسعه‌یافته اندازه‌گیری شده است. برای انتخاب نمونه از شرکت‌های پذیرفته در بورس اوراق بهادار تهران طی سال‌های 1393 تا 1400، از روش غربالگری منظم استفاده شده است. آزمون فرضیه‌های پژوهش با استفاده از الگوی داده‌های تابلویی با اثرات ثابت با رویکرد حداقل مربعات تعمیم‌یافته انجام شده است. نتایج نشان داد اقلام تعهدی اختیاری، غیراختیاری، استراتژی رهبری هزینه و استراتژی تمایز با ریسک ورشکستگی رابطه مثبت و معناداری دارد. استراتژی تمایز (رهبری هزینه) بر رابطه اقلام تعهدی غیراختیاری با ریسک ورشکستگی، اثر مثبت (منفی) و معنادار دارد. اثر استراتژی تمایز بر رابطه اقلام تعهدی اختیاری با ریسک ورشکستگی مثبت و معنادار است اما اثر استراتژی رهبری هزینه بر این رابطه منفی و غیرمعنادار است. لذا با افزایش اقلام تعهدی اختیاری، میزان ریسک ورشکستگی افزایش می‌یابد. اما استراتژی رهبری هزینه و تمایز، اختیارات مدیریت را محدود و ریسک ورشکستگی را کاهش می‌دهد.

کلیدواژه‌ها

عنوان مقاله [English]

The effect of cost leadership and differential strategies on the relation between accruals and bankruptcy risk

نویسندگان [English]

Mohammad Amri-Asrami ¹
Seyed Kazem Ebrahimi ²
Fatemeh Bagheri ³
Elahe Ebadi Jamkhane ³

¹ Assistant professor, Accounting Department, Faculty of Economics, Management and Administrative Sciences, Semnan University, Semnan, Iran.

² Associate Professor, Accounting Department, Faculty of Economics, Management, and Administrative Sciences, Semnan University, Semnan, Iran.

³ Master's degree, Faculty of Economics, Management and Administrative Sciences, Semnan University, Semnan, Iran

چکیده [English]

Managers are the architects of innovative strategies and leaders of creating company value. This study examines the effect of cost leadership and differentiation strategies on the relation between discretionary and non-discretionary accruals and bankruptcy risk. Variables of discretionary and non-discretionary accruals were measured by the adjusted Jones model, cost leadership strategy with asset turnover, differential strategy with profit margin, and bankruptcy risk was measured using the developed Altman Z method. A systematic screening method was used to select a sample of companies listed on the Tehran Stock Exchange during the years 2014 to 2021. The panel data pattern with fixed effects with the generalized least squares approach has been used to test the research hypotheses. The results showed that discretionary and non-discretionary accruals, cost leadership and differential strategies have a positive and significant relation with bankruptcy risk. The (cost leadership) differential strategy has a positive (negative) and significant effect on the relation between non-discretionary accruals and bankruptcy risk. The effect of differentiation strategy on the relation between discretionary accruals and bankruptcy risk is positive and significant, but the effect of cost leadership strategy on this relation is negative and insignificant. Therefore, with the increase of discretionary accruals, the amount of bankruptcy risk increases. But the cost leadership and differential strategies limits management's discretion and reduces the risk of bankruptcy.

کلیدواژه‌ها [English]

Cost leadership strategy
differential strategy
discretionary accruals
non-discretionary accruals
bankruptcy risk

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پژوهش های مدیریت در ایران

اثر استراتژی‌های رهبری هزینه و تمایز بر رابطه بین اقلام تعهدی با خطر ورشکستگی

مراجع

مراجع

دوره 28، شماره 3
مهر 1403
صفحه 154-177

اثر استراتژی‌های رهبری هزینه و تمایز بر رابطه بین اقلام تعهدی با خطر ورشکستگی

مراجع

مراجع

دوره 28، شماره 3مهر 1403صفحه 154-177

دوره 28، شماره 3
مهر 1403
صفحه 154-177