Click for new scientific resources and news about Corona[COVID-19]

Paper Information

Journal:   JOURNAL OF ACCOUNTING KNOWLEDGE   SUMMER 2012 , Volume 3 , Number 9; Page(s) 7 To 33.
 
Paper: 

DETERMINING ABILITY OF OPERATING INCOME AND ITS CHANGES IN EXPLAINING AND PREDICTING OPERATING INCOME AND STOCK RETURNS: THE CASE OF TEHRAN STOCK EXCHANGE

 
 
Author(s):  IZADINIA NASER, TAYEBI SEYED KOMAIL, KASHEF ALIAKBAR*
 
*  ISFAHAN UNIVERSITY
 
Abstract: 

In this study the ability of accounting earnings in predicting and explaining the stock returns of the firms in Tehran Stock Exchange has been investigated. This research aims to determine whether the number of accounting earning has considerable role in predicting and explaining the stock returns and revealing capital market response to information, after controlling risk and discount rate indicators. Thus 41 companies have been selected in the years 1375 to 1389. Selected data for analysis are of time series type. The selected operating income and returns have been aggregated through the ratio of individual corporation's market values on total sample market values, and the regression analysis has been used for testing the hypotheses. Results indicate that current operating book income to equity ratio is positive predictors of future returns. Moreover, changes in operating income have the ability in explaning returns around earning's changes announcement.

 
Keyword(s): OPERATING INCOME, STOCK RETURN, RISK, DISCOUNT RATE
 
References: 
  • ندارد
 
  Persian Abstract Yearly Visit 64
 
Latest on Blog
Enter SID Blog