Ethical Reflections

Ethical Reflections

Compliance with the Principles of Professional Ethics in Dealing with Related Parties with Emphasis on the Role of the Characteristics of the CEO of Companies Admitted to the Tehran Stock Exchange in the Period of the 90s

Document Type : Original Article

Authors
Seyed Hesam Vaghfi 1
hadi moloudian 2
Fariba Ahmadi Borhan Abadi 3
zeynab nourbakhsh hosseiny 4
1 Assistant Professor, Department of Accounting, Payam Noor University, Tehran, Iran
2 Assistant Professor, Department of management, Payam Noor University, Tehran, Iran
3 Master student of accounting, Payam Noor University, Tehran, Iran
4 Department of accounting, technical and vocational university (TVU), Tehran, Iran
10.30470/er.2023.2002704.1216
Abstract
Transactions with related parties affect the financial situation, financial performance, and financial flexibility and also affect the reported profits of the business unit. In this regard, the managers, especially the CEO, play an important role in the management of the company, which are considered as an essential element in advancing the goals of the organization. The characteristics of the CEO play an important role in guaranteeing the quality of the financial reporting process, and weak governance can be said to be the cause of recent corporate failures, which have manifested in the form of fraudulent financial reporting and failure to comply with financial ethics. This research was conducted with the aim of investigating the relationship between non-compliance with ethics in financial reporting (the presence of fraud in financial reporting) and transactions with related parties according to the characteristics of the CEO. For this purpose, using the data of 150 companies over a period of ten years, it has been investigated using a multivariate regression model. The results of the hypothesis test showed that Nonconformity of financial ethics in financial reporting (fraud in financial reporting) has a positive and significant effect on transactions with related parties. Also, the CEO's influence, experience, ability and narcissism of the CEO have a significant effect on the relationship between Nonconformity with financial ethics in financial reporting (fraud in financial reporting) and transactions with related parties. Finally, it can be said that transactions with related parties can be used as a way to optimize the allocation of internal resources and reduce transaction costs. But the opportunistic and unethical behavior of managers misleads the results of operations or has an unfavorable effect on the wealth of minority shareholders.
Keywords
Nonconformity of financial ethics in financial reporting
fraud in financial reporting
transactions with related parties
characteristics of the CEO
experience

Subjects

Article Title Persian

رعایت اصول اخلاق حرفه‌ای در معامله با اشخاص وابسته با تأکید بر نقش ویژگی‌های مدیرعامل شرکت های پذیرفته شده بورس اوراق بهادار تهران در دوره زمانی دهه 90

Authors Persian

سید حسام وقفی 1
هادی مولودیان 2
فریبا احمدی برهان آبادی 3
زینب نوربخش حسینی 4
1 استادیار گروه حسابداری، دانشگاه پیام نور، تهران، ایران
2 استادیار گروه مدیریت، دانشگاه پیام نور، تهران، ایران
3 کارشناس ارشد گروه حسابداری، دانشگاه پیام نور، تهران، ایران
4 گروه حسابداری، دانشگاه فنی و حرفه ای، تهران، ایران
Abstract Persian

معامله با اشخاص وابسته عملکرد شرکت ها را در زمینه نقدینگی و سود آوری تحت تأثیر قرار می‌دهد. باتوجه به اینکه مدیرعامل نقش مهمی در اداره شرکت ایفا می­کند و به‌عنوان یک رکن اساسی در پیشبرد اهداف سازمان مطرح می­باشند می‌توان بیان کرد که ویژگی‌های مدیرعامل در کیفیت فرایند گزارشگری مالی می‌تواند تاثیرگذار باشد و گزارشگری مالی متقلبانه و عدم رعایت اخلاق  حرفه‌ای را سبب گردد. هدف این پژوهش بررسی رعایت اصول اخلاق حرفه‌ای در معامله با اشخاص وابسته با تأکید بر نقش ویژگی‌های مدیرعامل ‌است. جامعه آماری این پژوهش،شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران است. به این منظور، با استفاده از داده­های مربوط به 150 شرکت طی دورهٔ زمانی ده‌ساله (سال 1390 الی 1399) با استفاده از مدل رگرسیون چند متغیره مورد بررسی قرارگرفته است. نتایج حاصل از آزمون فرضیه‌ها نشان داد که عدم رعایت اخلاق حرفه‌ای (وجود تقلب در گزارشگری مالی) بر معامله با اشخاص وابسته تأثیر مثبت و معناداری دارد. همچنین نفوذ مدیرعامل، تجربه، توانایی و خودشیفتگی مدیرعامل بر رابطه بین عدم رعایت اخلاق حرفه‌ای (وجود تقلب در گزارشگری مالی) و معامله با اشخاص وابسته تأثیر معناداری دارد. درنهایت می‌توان بیان کرد معاملات با اشخاص وابسته می­تواند به‌عنوان یک ‌راه بهینه­سازی تخصیص منابع داخلی، کاهش هزینه معاملات استفاده شود؛ اما رفتار فرصت‌طلبانه و غیراخلاقی مدیران نتایج عملیات را گمراه می‌کند یا اثر نامساعدی بر ثروت سهامداران اقلیت بگذارد.

Keywords Persian

عدم رعایت اخلاق حرفه‌ای
تقلب در گزارشگری مالی
معامله با اشخاص وابسته
ویژگی های مدیرعامل
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Ethical Reflections
Volume 5, Issue 1 - Serial Number 17
Spring 2024
Pages 131-161

  • Receive Date 19 May 2023
  • Revise Date 05 October 2023
  • Accept Date 31 December 2023