مقايسه تاثير تقلبات حسابدارى بر ريسك سقوط اتى قيمت سهام مطالعه موردى بانكهاى تجارى پذيرفته شده در بورس اوراق بهادار ايران وعراق

Comparing the Impact of Accounting Fraud on Future Stock Price Crash Risk: A Case Study of Commercial Banks Listed on the Tehran an‎d Iraq Stock Exchanges

حسابداري

Accounting fraud, as a serious misconduct, undermines investor confidence in capital markets an‎d represents one of the most contentious issues in the financial domain. Numerous studies have examined the impact of fraud on capital markets from various perspectives; however, it remains unclear whether past accounting frauds committed by firms affect future stock price crash risk. Therefore, the objective of this research is to investigate the impact of accounting fraud on stock price crash risk in commercial banks listed on the Tehran Stock Exchange an‎d the Iraq Stock Exchange. The statistical population of this study comprises all banks listed on the Tehran an‎d Baghdad stock exchanges. Using the systematic elimination method, a sample of seventeen banks during the period 2014-2023 in Iran an‎d fourteen banks during the period 2013-2022 in Iraq were selec‎ted. A multivariate regression model based on panel data was employed to test the research hypotheses. The results revealed that accounting fraud has a positive an‎d significant impact on stock price crash risk in the Iranian capital market, whereas in the Iraqi capital market, accounting fraud had no significant effect on stock price crash risk. This difference in findings may be attributed to structural, institutional, an‎d informational environmental disparities between the two capital markets.

5

150881