The Effect of Macroeconomic Variables on Accounting Profit Transparency (Case Study: Basic Metals Industry Companies Listed on Tehran Stock Exchange)

Reza Sarvari, Ehsan Khansalar and Mohammad Delkhosh

International Journal of Economics and Finance, 2016, vol. 8, issue 6, 219

Abstract: The purpose of the present study is to analyze the influence of economic factors on accounting profit transparency. Economic factors consist of economic growth, liquidity growth rate, annual deposit interest rate, currency, and inflation rate. In this research in order to determine profit transparency Barth et al. (2008) model has been implemented. This model defines transparency as the simultaneous change of profit and profit changes along with stocks feedback. The data are quantitative and at relative scale which depend on regression analysis and interpretation and Pearson correlation factor. To this end, research hypotheses have been tested by implementing apposite statistic methods by the use of SPSS software. Macroeconomic variables values have been collected from the data published by the central bank. The research population consists of basic metals industry companies listed on Tehran Stock Exchange during 2009-2014. The research findings show that there is a significant and positive relationship between macroeconomic variables under the present study and that of dependent variable of profit transparency.

Date: 2016
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