إستخدام نموذج Ardl لقياس أثر المحاسبة الإبداعية على الإستثمار المالي في بورصة الجزائر للفترة (2008 – 2020)

Abstract

The objective of this study is measiring the impact of creative accounting on the financial investment in the Algiers Stock Exchange for the period (2008-2020), by taking the annual data of the economic institutions listed on the Algiers Stock Exchange. The creative accounting behavior was measured by the (BENEISH) model and the financial investment of the stock exchange by the index (DZINDEX).Also, using the Autoregressive Distributed Lag (ARDL) model.In addition, the results of the study concluded that there is a cointegration relationship in the long term Also, there is a significant negative effect between creative accounting and financial investment from through the two indicators are Days Sales in Receivables Index (DSRI) and Sales and general and administrative expenses index (SGAI),and a positive significant effect through the sales growth index (SGI).