The role of institutional investors in the dynamic relationship between earnings management and capital structure
M Zinafza1* and M Zolfaghari2 and M Akbarian
1Department of accounting, SowmeSara Branch, Islamic Azad University, SowmeSara ,Iran
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2Department of accounting, SowmeSara Branch, Islamic Azad University, SowmeSara ,Iran
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3Department of accounting, SowmeSara Branch, Islamic Azad University, SowmeSara ,Iran
*corresponding author
Abstract
The aim of this study was to investigate the relationship between the dynamic capital structure, institutional ownership and corporate profits is manipulated. For this purpose, we selected a sample of 91 companies from listed companies in Tehran Stock Exchange. By collecting data related to the research during the years 2009-2009, we investigated the research hypotheses. Our dependent variable in this research is dynamic capital structure and our main independent variables in this research are profit management and institutional ownership. The results of the research indicate that there is a direct and significant relationship between dynamic capital structure variable and earnings management. But there was not a meaningful relationship between earnings management in firms with institutional ownership and dynamic capital structure.
Keywords: earnings management, dynamic capital structure, institutional ownership
