نقش تجدید ارزیابی دارایی‌های ثابت در اصلاح ساختار مالی، افزایش ظرفیت بدهی و نقدینگی شرکت‌ها

نوع مقاله : مقاله پژوهشی (کاربردی)

نویسندگان

1 دانشجوی دکترای حسابداری،گروه حسابداری،دانشگاه آزاد اسلامی واحد بیرجند، بیرجند، ایران.

2 استادیارگروه حسابداری، دانشگاه آزاد اسلامی واحد بیرجند، بیرجند، ایران.

3 دانشیارگروه حسابداری، دانشگاه فردوسی مشهد، مشهد، ایران.

10.48301/kssa.2023.351852.2203

چکیده

هدف پژوهش حاضر، بررسی رابطه تجدید ارزیابی دارایی‌های ثابت با اصلاح ساختار مالی شرکت‌های پذیرفته‌‍شده در بازار سرمایه ایران (اعم از بورس و فرابورس) است. از آن‌جا که افزایش ظرفیت بدهی و بهبود نقدینگی واحدهای تجاری نیز می‌تواند کمک شایانی به اصلاح ساختار مالی واحدهای تجاری کند، رابطه تجدید ارزیابی دارایی‌های ثابت با این دو متغیر نیز بررسی شد. در این راستا ابتدا کلیه شرکت‌های یادشده که طی بازۀ زمانی ده ساله 1390 الی 1399 نسبت به تجدید ارزیابی دارایی‌های ثابت اقدام کرده بودند، شناسایی و سپس تأثیر تجدید ارزیابی بر ساختار مالی آنها و نیز ظرفیت بدهی و نقدینگی با استفاده از روش حداقل مربعات تعمیم‌یافته بررسی شد و متغیرهای اندازه شرکت، فرصت رشد و سودآوری نیز به‌عنوان متغیرهای کنترل در مدل ساختار مالی در نظر گرفته شدند. نتایج پژوهش نشان می‌دهد بین تجدید ارزیابی دارایی‌های ثابت و اصلاح ساختار مالی، افزایش ظرفیت بدهی و افزایش نقدینگی، رابطه معناداری وجود دارد. این نتایج هم‌راستای با هدف قانون‌گذار به‌ویژه ماده 14 قانون حداکثر استفاده از توان تولیدی و خدماتی کشور و حمایت از کالای ایرانی مصوب 15/02/1398 مبنی بر تشویق شرکت‌ها به تجدید ارزیابی دارایی‌های ثابت و افزایش سرمایه از این محل به‌منظور اصلاح ساختار مالی آنها است.

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

The Role of Revaluation of Fixed Assets in Reforming the Financial Structure, Increasing the Debt Capacity and Liquidity of Companies

نویسندگان [English]

  • Ali Hosein Pour Karim Abad 1
  • Habibollah Nakhaei 2
  • Mahmoud Lari Dashtbayaz, 3
  • Karim Nakhaei 2
1 PhD student, Department of Accounting, Birjand Branch, Islamic Azad University, Birjand, Iran.
2 Assistant Professor, Department of Accounting, Birjand Branch, Islamic Azad University, Birjand, Iran.
3 Associate Professor, Department of Accounting, Ferdowsi University of Mashhad, Mashhad, Iran.
چکیده [English]

One The purpose of this study was to investigate the relationship between the revaluation of fixed assets and the modification of the financial structure of companies listed on the Iranian capital market (both stock exchange and OTC). Since increasing the debt capacity and improving the liquidity of business units can also help to improve the financial structure of business units, the relationship between fixed assets revaluation and these two variables was also investigated. In this regard, first, all the mentioned companies that had revaluation of fixed assets during the ten-year period from 2011 to 2020 were identified and then the effect of revaluation on their financial structure as well as debt capacity and liquidity using generalized least squares regression. The variables of company size, growth opportunity and profitability were also considered as control variables in the financial structure model. The results of the research demonstrated that there was a significant relationship between the revaluation of fixed assets and the modification of the financial structure, the increase in debt capacity and the increase in liquidity. These results are in line with the goal of the legislator, particularly Article 14 of the law on maximum use of the country production and service capacity and protection of Iranian goods approved on 5th May, 2019, which encourages companies to reform the financial structure, to revaluate fixed assets and increase capital from this point.

کلیدواژه‌ها [English]

  • Revaluation of fixed assets
  • Financial structure
  • Debt capacity
  • Liquidity
  • Capital increase

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فصلنامه علمی کارافن
دوره 20، ویژه نامه
علوم انسانی
شهریور 1402
صفحه 615-639

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  • تاریخ دریافت: 05 مرداد 1401
  • تاریخ بازنگری: 05 آذر 1401
  • تاریخ پذیرش: 20 اسفند 1401

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