چکیده (انگلیسی):

ABSTRACT: The present research aims at studying the relationship between accounting conservatism and
bankruptcy risk for the companies listed on Tehran Stock Exchange. Altman index is applied to measure
bankruptcy risk and Ball and Shivakumar model is used to quantify conservatism. The data related to 100
companies listed on Tehran Stock Exchange - as statistical samples during 2006-2011 period - were analyzed
through combined data analysis method for testing research hypotheses and studying the relationship between
conservatism and the dependent variables. Chow and Hausman tests were used to estimate the suitable models
for testing hypotheses in the combined data. The results indicate that there is a reversed relationship between
accounting conservatism and bankruptcy risk of the companies under study.