The Association between Management Earnings Forecast Errors and Corporate Governance Structure in Tehran Bourse

Subject Areas : Management Accounting

سید علیرضا موسوی ¹ (ندارد)
حمید زارعی ² (نویسنده مسئول)
سمیرا هنربخش ³ (ندارد)

Received: 2011-09-04 Accepted : 2011-11-21 Published : 2011-09-23

Keywords: Corporate Governance, Management Earnings Forecast E, Non-executive board members, operating efficiency,

Abstract :

In this study, we examine the relation between management earnings forecasterrors with corporate governance structure of listed companies in Tehran Bourse. Weshould mention that corporate governance structure which are studied here are: Thepercent ownership of board members, the number of board members, the number ofnon-executive board members and Growth opportunity.The numbers of statistic community are 363companies in Tehran Bourse whichdue to the limitation of this study we select just 146 companies from these statisticcommunities during 1383-1387. For preparation the literature and the history of thissurvey we use the information from Financial Statement, Tadbir pardaz soft ware,Bourse library and Tehran Bourse archives.For testing hypothesis we use Pearson coefficient of correlation and multi variableRegression model. The result shows that there are positive relations between thepercent ownership of board members, the number of board members and the numberof non-executive board members with accuracy of management earnings forecast,while there is a negative relation between Growth opportunities with accuracy ofmanagement earnings forecast. Testing hypotheses show that all of the surveyhypotheses are confirmed