THE INVESTIGATING INFLUENCE OF CONSISTENCY IN THE PATTERNS OF PAST FINANCIAL PERFORMANCE IN TEHRAN STOCK EXCHANGE ON THE OVERREACTION TO THESE PATTERNS

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.

DAMOURI D.; ZARE AHMADABADI H.; FALAHZADEH ABARGHOUEI A.

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

Journal Paper

Paper Information

Journal: Financial Accounting Research Year:2010 | Volume:1 | Issue:1-2 (6-7) Page(s): 103-114

Download Full-Text

Persian Verion

View:

1,067

Download:

Cites:

Information Journal Paper

Title

THE INVESTIGATING INFLUENCE OF CONSISTENCY IN THE PATTERNS OF PAST FINANCIAL PERFORMANCE IN TEHRAN STOCK EXCHANGE ON THE OVERREACTION TO THESE PATTERNS

Author(s)

DAMOURI D. | ZARE AHMADABADI H. | FALAHZADEH ABARGHOUEI A. | Issue Writer Certificate

Keywords

CONSISTENCY OF FIRMS' HISTORICAL PERFORMANCEQ3

OVERREACTIONQ3

CONSISTENT HIGH GROWTH PORTFOLIOQ3

CONSISTENT LOW GROWTH PORTFOLIOQ3

Abstract

The objectives of this study are twofold. First, it examines whether investors overreact to consistency in the firms' prior financial performance in Tehran stock exchange (TSE). Second, multiple estimation horizon of past performance variables are used to assess how they influence the investors' OVERREACTION. OVERREACTION to consistency in the firms' past performance states that stock price of firms with consistently high or low past performance rise above (below) their fundamental value. These stocks eventually earn lower (higher) returns over the long horizon.Time period of the present study is eight years that ranged from 1998 to 2005. Statistical method of T-test was used to analyze the gathered data and testing method is portfolio test.The evidence provided in this study shows that investors overreact to consistency in a past different performance variable in this study except for cash flow. This study finds out that the magnitude of OVERREACTION to past performance of firms is the function of formation horizon lengths.

Cites

References

No record.

Cite

APA: Copy

DAMOURI, D., ZARE AHMADABADI, H., & FALAHZADEH ABARGHOUEI, A.. (2010). THE INVESTIGATING INFLUENCE OF CONSISTENCY IN THE PATTERNS OF PAST FINANCIAL PERFORMANCE IN TEHRAN STOCK EXCHANGE ON THE OVERREACTION TO THESE PATTERNS. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, 1(1-2 (6-7)), 103-114. SID. https://sid.ir/paper/155148/en

Vancouver: Copy

DAMOURI D., ZARE AHMADABADI H., FALAHZADEH ABARGHOUEI A.. THE INVESTIGATING INFLUENCE OF CONSISTENCY IN THE PATTERNS OF PAST FINANCIAL PERFORMANCE IN TEHRAN STOCK EXCHANGE ON THE OVERREACTION TO THESE PATTERNS. JOURNAL OF FINANCIAL ACCOUNTING RESEARCH[Internet]. 2010;1(1-2 (6-7)):103-114. Available from: https://sid.ir/paper/155148/en

IEEE: Copy

D. DAMOURI, H. ZARE AHMADABADI, and A. FALAHZADEH ABARGHOUEI, “THE INVESTIGATING INFLUENCE OF CONSISTENCY IN THE PATTERNS OF PAST FINANCIAL PERFORMANCE IN TEHRAN STOCK EXCHANGE ON THE OVERREACTION TO THESE PATTERNS,” JOURNAL OF FINANCIAL ACCOUNTING RESEARCH, vol. 1, no. 1-2 (6-7), pp. 103–114, 2010, [Online]. Available: https://sid.ir/paper/155148/en

Related Journal Papers