The effect of political connections and affiliation to business groups on changes in the cost of goods sold and the risk of financial turmoil (مقاله پژوهشی دانشگاه آزاد)

درجه علمی: علمی-پژوهشی (دانشگاه آزاد)

نویسندگان: محمدرضا خوش اقبال سمیرا زارعی خدیجه خدابخشی پریجان

منبع: Journal of Emerging Technologies in Accounting, Auditing and Finance,Vol. 1, No 3, Autumn 2023

کلیدواژه‌ها: political relations dependence on business groups changes in the cost of goods sold risk of financial turmoil

حوزه‌های تخصصی:

حوزه‌های تخصصی مدیریت مدیریت مالی – حسابداری

شماره صفحات: ۴۵-۵۸

دریافت مقاله تعداد دانلود : ۱۱

آرشیو

چکیده

Business groups are a general phenomenon in the economy of countries and play an important role in emerging and developed economies. Although business groups have a legal personality in most countries from a legal point of view, they have an economic personality from an economic and accounting point of view. A business group is a group of companies that operate in one or more markets or industries under the control of a parent company or jointly control. In other words, business group refers to a set of legal companies that have an independent legal personality but have a single reporting personality and operate in different markets and are managed under the financial control of the unit, Objective: so in this research, the influence of political connections and depending on business groups, changes in the cost of goods sold and the risk of financial turmoil were discussed. To conduct this research, a sample of 111 companies from the companies accepted in the Tehran Stock Exchange was selected using the systematic elimination method. Innovation: In this research, the effect of political connections and affiliation to business groups on the changes in the cost of goods sold and the risk of financial turmoil for the period of 2017-2022 was investigated, which has a total of 666 observations for the research. Methodology: The statistical method used in this research is the multivariate regression method using the panel data method. Results: The results of the research hypotheses show that political connections and dependence on business groups have an adverse effect on changes in the cost of goods sold and the risk of financial turmoil of companies.