AN INVESTIGATION ON THE IMPACT OF THE FINANCIAL RATIOS AND GROWTH RATES ON FUTURE ABNORMAL STOCK RETURNS (CASE STUDY: COMPANIES LISTED IN THE CEMENT INDUSTRY)

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.

NASERA BADAI DELIR; KHAZDUZI BIZHAN; MAHMOUDI KHOSHROO OMID

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

Journal Paper

Paper Information

Journal: Year:2011 | Volume:6 | Issue:17 Page(s): 103-113

Download Full-Text

Persian Verion

View:

713

Download:

Cites:

Information Journal Paper

Title

AN INVESTIGATION ON THE IMPACT OF THE FINANCIAL RATIOS AND GROWTH RATES ON FUTURE ABNORMAL STOCK RETURNS (CASE STUDY: COMPANIES LISTED IN THE CEMENT INDUSTRY)

Author(s)

NASERA BADAI DELIR | KHAZDUZI BIZHAN | MAHMOUDI KHOSHROO OMID | Issue Writer Certificate

Keywords

FINANCIAL STATEMENTSQ2

INVESTORSQ1

FINANCIAL RATIOSQ2

FUTURE ABNORMAL STOCK RETURNSQ2

Abstract

This survey has been done among companies listed in the cement industry in Tehran Stock Exchange during eight years from 1380 to1388. The paper studies the effect of simultaneous use of FINANCIAL RATIOS and growth rates on future stock returns which is proven unusual. The data has been collected by using the new software named: Rahavard Novin. The results are based on the after event method and using F and T tests and linear regression statistical analysis. The results show that the hypothesis has not been confirmed yet. That is, the use of FINANCIAL RATIOS and growth rates do not affect FUTURE ABNORMAL STOCK RETURNS simultaneously using stepwise regression test, the final model was driven. Thus, only the operational ratios do not have simultaneous effects on use of FINANCIAL RATIOS. Finally, the results obtained from the overall test on the research hypotheses do not confirm the simultaneous impact of the FINANCIAL RATIOS on FUTURE ABNORMAL STOCK RETURNS. However, the items in the FINANCIAL STATEMENTS reflect the accrual impact of items of FINANCIAL STATEMENTS on the process of economic decision making, the influence of the information content of all items is not the same. In other words, liquidity ratios have the highest effect and other ratios like profitability, investment and operational ratios reportedly have high effects on the abnormal stock returns.

Cites

No record.

References

No record.

Cite

APA: Copy

NASERA BADAI, DELIR, KHAZDUZI, BIZHAN, & MAHMOUDI KHOSHROO, OMID. (2011). AN INVESTIGATION ON THE IMPACT OF THE FINANCIAL RATIOS AND GROWTH RATES ON FUTURE ABNORMAL STOCK RETURNS (CASE STUDY: COMPANIES LISTED IN THE CEMENT INDUSTRY). JOURNAL OF INDUSTRIAL MANAGEMENT, 6(17), 103-113. SID. https://sid.ir/paper/171177/en

Vancouver: Copy

NASERA BADAI DELIR, KHAZDUZI BIZHAN, MAHMOUDI KHOSHROO OMID. AN INVESTIGATION ON THE IMPACT OF THE FINANCIAL RATIOS AND GROWTH RATES ON FUTURE ABNORMAL STOCK RETURNS (CASE STUDY: COMPANIES LISTED IN THE CEMENT INDUSTRY). JOURNAL OF INDUSTRIAL MANAGEMENT[Internet]. 2011;6(17):103-113. Available from: https://sid.ir/paper/171177/en

IEEE: Copy

DELIR NASERA BADAI, BIZHAN KHAZDUZI, and OMID MAHMOUDI KHOSHROO, “AN INVESTIGATION ON THE IMPACT OF THE FINANCIAL RATIOS AND GROWTH RATES ON FUTURE ABNORMAL STOCK RETURNS (CASE STUDY: COMPANIES LISTED IN THE CEMENT INDUSTRY),” JOURNAL OF INDUSTRIAL MANAGEMENT, vol. 6, no. 17, pp. 103–113, 2011, [Online]. Available: https://sid.ir/paper/171177/en

Related Journal Papers