文章基本信息

标题：Wide-spreading accounting education and governmental supervision to reduce information asymmetry: Empirical evidences of Iran
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作者：Hamidreza Vakilifard ; Vahab Rostami ; Mahdi Salehi 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2011
卷号：5
期号：8
页码：3302-3311
DOI：10.5897/AJBM10.1447
语种：English
出版社：Academic Journals
摘要：This paper attempts to evaluate the role of wide spreading accounting education and strengthens the governmental supervision for accounting disclosure process to reduce information asymmetry level in capital market and also increase the protection of stockholders and other financial information users’ rights. In order to test the hypotheses, a suitable questionnaire with some questions about current conditions of forging factors’ role in highlighting and improving understandability of accounting information for different users was used. A total of 281 questionnaires were distributed among agents of Iranian financial society after assuring of its validity and reliability. Collected data is tested by Mann-Whitney and Spearman’scorrelation statistical methods. The results show that in comparison with the academics, practitioners and professionals are more willing to wide spreading general accounting education and increasing governmental supervision and also practitioners complain more about lack of adequate governmental supervision, the same as stockholders’ weak protection laws and also inconvenience of current general education of accounting information usage. The results also revealed that in contrast to experience, education, and gender variables as fields of education which do not have significant effect on the perceiving importance of role of two forgoing factors, but participants’ age are reversely related to the perceiving importance of those factors. This result is in accordance with preceding findings which finally leads SEC to issue Regulation Fair Disclosure Rule in October 2000 (Previts et al., 2005). This regulation prohibits firms from disclosing value relevant information to selective capital market participants without simultaneously disclosing the same information publicly. A key technical result is that the primary condition to improve accounting system usefulness, needs concentrating not only on the quality of information or optimal level of accounting disclosure, but also on the increasing efforts to improve education of accounting information application ways and strengthen accounting regulating authorities for assuring the perpetual and the fairness manner of releasing accounting information to meet all users' and market contributors' needs. The paper will be of interest to professional bodies to support and empower their accounting regulatory bodies’ activities in order to assure fairly releases of accounting information and also to academics investigation of the condition and value of accounting education and its prescribed rules.The paper reports an original application of the role of wide spreading accounting general education as well as strengthening government presence in the capital market to improve financial wisdom in Iran’s financial society.
关键词：Information asymmetry; accounting general education; governmental supervision; personality and professionally qualities