MARKET REACTION TO QUARTERLY EARNING ANOUNCMENT IN TEHRAN STOCK EXCHANGE

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.

FADAEI NEJAD M.E.; KAMELNIYA M.

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

Journal Paper

Paper Information

Journal: Financial Accounting Research Year:2013 | Volume:5 | Issue:4 (18) Page(s): 71-90

Download Full-Text

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

Persian Verion

View:

1,813

Download:

Cites:

Information Journal Paper

Title

MARKET REACTION TO QUARTERLY EARNING ANOUNCMENT IN TEHRAN STOCK EXCHANGE

Author(s)

FADAEI NEJAD M.E. | KAMELNIYA M. | Issue Writer Certificate

Keywords

EARNINGS ANNOUNCMETQ2

EVENT STUDYQ2

PREDISCLOSURE INFORMATIONQ2

THIN TRADINGQ2

Abstract

This paper uses the traditional EVENT STUDY method to examine the information content of quartrerly earnings announcements in the Tehran stock exchange as a small and THIN TRADING stock market from year 1384 until end of 1390. The contribution of this paper is the use of three method (uniform, lump and Trade to trade) for missing data. The paper finds that earnings announcements contain relevant information for the stock market. When actual earning was exceed from expected earning (good news), the paper finds significant positive abnormal returns accompanying the announcements. The abnormal return persists several days after the announcement, suggesting that the information environment of this small stock market works to decrease the speed of adjustment. In addition when actual earning was less than the expected earning (bad news), there is no abnormal return around the announcement. Perhaps Tehran stock exchange can discover bad news rather than good news.the paper finds a positive correlation between the information content and PREDISCLOSURE INFORMATION. This result is similar with larg stock market.

Cites

THE EFFECT OF CALENDAR ANOMALY OF RELIGIOUS TIME ON USE OF PRIVATE INFORMATION IN STOCK TRADING

References

Cite

APA: Copy

FADAEI NEJAD, M.E., & KAMELNIYA, M.. (2013). MARKET REACTION TO QUARTERLY EARNING ANOUNCMENT IN TEHRAN STOCK EXCHANGE. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, 5(4 (18)), 71-90. SID. https://sid.ir/paper/155032/en

Vancouver: Copy

FADAEI NEJAD M.E., KAMELNIYA M.. MARKET REACTION TO QUARTERLY EARNING ANOUNCMENT IN TEHRAN STOCK EXCHANGE. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH[Internet]. 2013;5(4 (18)):71-90. Available from: https://sid.ir/paper/155032/en

IEEE: Copy

M.E. FADAEI NEJAD, and M. KAMELNIYA, “MARKET REACTION TO QUARTERLY EARNING ANOUNCMENT IN TEHRAN STOCK EXCHANGE,” JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, vol. 5, no. 4 (18), pp. 71–90, 2013, [Online]. Available: https://sid.ir/paper/155032/en

Related Journal Papers