Effect of restatement of financial information on the growth rate of financing in companies listed in Tehran Stock Exchange

Abstract

The present study aimed to investigate the impact of the restatement of financial statements of listed companies in Tehran Stock Exchange is growing. In this study, in accordance with the aforementioned purpose, three hypotheses were proposed through multiple regression models, analysis and research were analyzed. A sample of 103 companies are listed on the Tehran Stock Exchange data for a period of 5 years were analyzed. According to the findings, the restatement of financial statements based on the rate of growth of internal financing, had a negative impact. In other words, restatement of financial statements, reducing the growth rate of financing of domestic companies in the sample during the investigation. However, the restatement of financial statements in the rate of growth of short-term external financing had no significant effect. Also, according to the findings, the restatement of financial statements, reduce the long-term growth rate of external financing companies in the sample during the investigation