ACCOUNTING-BASED FUNDAMENTAL ANALYSIS AND STOCK RETURNS

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

SAGHAFI A.A.; SALIMI M.J.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Year:2005 | Volume:22 | Issue:2 (43) Page(s): 61-74

Download Full-Text

Persian Verion

View:

6,101

Download:

Cites:

Information Journal Paper

Title

ACCOUNTING-BASED FUNDAMENTAL ANALYSIS AND STOCK RETURNS

Author(s)

SAGHAFI A.A. | SALIMI M.J. | Issue Writer Certificate

Keywords

FUNDAMENTAL ACCOUNTING INFORMATIONQ3

STOCK RETURNSQ3

ABNORMAL RATE OF RETURNQ4

TEHRAN STOCK EXCHANGEQ4

Abstract

This research investigates the relationship between the FUNDAMENTAL ACCOUNTING INFORMATION and STOCK RETURNS for 51 TEHRAN STOCK EXCHANGE firms over the past 5 years (60 months). We construct a combination of financial & non-financial variables designed to capture short-term changes in the firm's financial position, profitability and audit report. We use nine fundamental signals to measure the firm's strength. Each firm's signal realization is classified as either "good" or ''bad'' and accordingly scored one or zero. The aggregate signal is designed to measure the overall strength of the firm position, called F-Score. The results of the research have shown that changes in profitability, total assets and audit reports are significantly related to the ABNORMAL RATE OF RETURN (ARR), and the three variables can explain %48 of changes in ARR. To improve the model, we examine the effect of inflation. The results indicated that in the periods with high inflation, the Adjusted;-R2 (AR2) will improve from %48 to %58, but in the periods with low inflation changes in AR2 are not significant.

Cites

References

No record.

Cite

APA: Copy

SAGHAFI, A.A., & SALIMI, M.J.. (2005). ACCOUNTING-BASED FUNDAMENTAL ANALYSIS AND STOCK RETURNS. JOURNAL OF SOCIAL SCIENCES AND HUMANITIES OF SHIRAZ UNIVERSITY, 22(2 (43)), 61-74. SID. https://sid.ir/paper/13347/en

Vancouver: Copy

SAGHAFI A.A., SALIMI M.J.. ACCOUNTING-BASED FUNDAMENTAL ANALYSIS AND STOCK RETURNS. JOURNAL OF SOCIAL SCIENCES AND HUMANITIES OF SHIRAZ UNIVERSITY[Internet]. 2005;22(2 (43)):61-74. Available from: https://sid.ir/paper/13347/en

IEEE: Copy

A.A. SAGHAFI, and M.J. SALIMI, “ACCOUNTING-BASED FUNDAMENTAL ANALYSIS AND STOCK RETURNS,” JOURNAL OF SOCIAL SCIENCES AND HUMANITIES OF SHIRAZ UNIVERSITY, vol. 22, no. 2 (43), pp. 61–74, 2005, [Online]. Available: https://sid.ir/paper/13347/en

Related Journal Papers