تأثير توانايي مديران بر سر رسيد بدهي با توجه به نقش محدوديت مالي، كيفيت گزارشگري مالي و عدم تقارن اطلاعاتي در شركت هاي پذيرفته شده در بورس اوراق بهادار تهران

The Effect of Managerial Ability on Debt Maturity by Role of Constrained, Financial Reporting Quality an‎d Information Asymmetry in Tehran Stock Exchange

حسابداري

Managerial ability is one of the key an‎d influential factors in corporate financial decisions, including the determination of debt maturity structure. Capable managers, by leveraging managerial skills, accurate information, an‎d the ability to build trust with investors an‎d creditors, play a crucial role in reducing financing costs an‎d optimizing the debt structure. Therefore, the aim of this study is to examine the effect of managerial ability on the use of short-term debt, considering the moderating roles of financial constraints, financial reporting quality, an‎d information asymmetry. To attain the mentioned purpose, a sample consist of 100 companies was selec‎ted by systematic elimination method from the companies listed on Tehran stock exchange during the 1391 to 1401. In order to estimate research hypotheses, weighted least squares an‎d panel methods were used. The findings of the study revealed that managerial ability has a positive effect on debt maturity. Moreover, financial constraints do not influence the relationship between managerial ability an‎d debt maturity. The results also indicated that in firms with higher financial reporting quality, the role of managerial ability in the use of short-term debt is more pronounced. Finally, the findings showed that information asymmetry intensifies the impact of managerial ability on debt maturity.

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