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

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IZADINIA NASER; TAYEBI SEYED KOMAIL; KASHEF ALIAKBAR

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Journal: JOURNAL OF ACCOUNTING KNOWLEDGE Year:2012 | Volume:3 | Issue:9 Page(s): 7-33

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Title

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 | Issue Writer Certificate

Keywords

OPERATING INCOMEQ3

STOCK RETURNQ2

RISKQ2

DISCOUNT RATEQ2

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.

Cites

INVESTIGATING THE EFFECT OF RELATIVE FIRMS PROFITABILITY ON STOCK RETURN SENSITIVITY TO INDUSTRY-LEVEL NEWS

References

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APA: Copy

IZADINIA, NASER, TAYEBI, SEYED KOMAIL, & KASHEF, ALIAKBAR. (2012). DETERMINING ABILITY OF OPERATING INCOME AND ITS CHANGES IN EXPLAINING AND PREDICTING OPERATING INCOME AND STOCK RETURNS: THE CASE OF TEHRAN STOCK EXCHANGE. JOURNAL OF ACCOUNTING KNOWLEDGE, 3(9), 7-33. SID. https://sid.ir/paper/163423/en

Vancouver: Copy

IZADINIA NASER, TAYEBI SEYED KOMAIL, KASHEF ALIAKBAR. DETERMINING ABILITY OF OPERATING INCOME AND ITS CHANGES IN EXPLAINING AND PREDICTING OPERATING INCOME AND STOCK RETURNS: THE CASE OF TEHRAN STOCK EXCHANGE. JOURNAL OF ACCOUNTING KNOWLEDGE[Internet]. 2012;3(9):7-33. Available from: https://sid.ir/paper/163423/en

IEEE: Copy

NASER IZADINIA, SEYED KOMAIL TAYEBI, and ALIAKBAR KASHEF, “DETERMINING ABILITY OF OPERATING INCOME AND ITS CHANGES IN EXPLAINING AND PREDICTING OPERATING INCOME AND STOCK RETURNS: THE CASE OF TEHRAN STOCK EXCHANGE,” JOURNAL OF ACCOUNTING KNOWLEDGE, vol. 3, no. 9, pp. 7–33, 2012, [Online]. Available: https://sid.ir/paper/163423/en

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