The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)

This research investigates the relationship between quality of earnings and future stock returns in the selected firms totally, and in the firms in separate categories with various degrees of earnings quality, by choosing the accruals as the representative of earnings quality for the firms listed in...

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Autores principales:	Hamid Haghighat, Mehdie Panahi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	earnings quality accruals stock returns size growth Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/024fc225a89044efa0926d5ee0980b5c
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spelling	oai:doaj.org-article:024fc225a89044efa0926d5ee0980b5c2021-11-04T19:41:36ZThe Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)2008-89142476-292X10.22103/jak.2011.25https://doaj.org/article/024fc225a89044efa0926d5ee0980b5c2011-04-01T00:00:00Zhttps://jak.uk.ac.ir/article_25_424156307e8595099b4c942bb0533391.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research investigates the relationship between quality of earnings and future stock returns in the selected firms totally, and in the firms in separate categories with various degrees of earnings quality, by choosing the accruals as the representative of earnings quality for the firms listed in the Tehran Stock Exchange (TSE). In this study the size and growth of firms are taken as the control variables. In hypothesis testing, the accruals and their components in arbitrary and non-arbitrary values are used as independent variables, and the future stock returns are taken as dependent. Using data from 91 firms in period 1375-1386, and the method of regression with cross-section series data, the results indicate that in the totally assessment, except for some cases in the medium and low degrees of earnings quality, the future stock returns are not affected by the earnings quality. Accruals components were also examined for which similar results were found. When the firms were categorized into three segments based on the degree of earnings quality, separate hypothesis tests indicate significant relationship between future stock returns and earnings quality.Hamid HaghighatMehdie PanahiShahid Bahonar University of Kermanarticleearnings qualityaccrualsstock returnssizegrowthAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 5, Pp 31-50 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	earnings quality accruals stock returns size growth Accounting. Bookkeeping HF5601-5689
spellingShingle	earnings quality accruals stock returns size growth Accounting. Bookkeeping HF5601-5689 Hamid Haghighat Mehdie Panahi The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
description	This research investigates the relationship between quality of earnings and future stock returns in the selected firms totally, and in the firms in separate categories with various degrees of earnings quality, by choosing the accruals as the representative of earnings quality for the firms listed in the Tehran Stock Exchange (TSE). In this study the size and growth of firms are taken as the control variables. In hypothesis testing, the accruals and their components in arbitrary and non-arbitrary values are used as independent variables, and the future stock returns are taken as dependent. Using data from 91 firms in period 1375-1386, and the method of regression with cross-section series data, the results indicate that in the totally assessment, except for some cases in the medium and low degrees of earnings quality, the future stock returns are not affected by the earnings quality. Accruals components were also examined for which similar results were found. When the firms were categorized into three segments based on the degree of earnings quality, separate hypothesis tests indicate significant relationship between future stock returns and earnings quality.
format	article
author	Hamid Haghighat Mehdie Panahi
author_facet	Hamid Haghighat Mehdie Panahi
author_sort	Hamid Haghighat
title	The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
title_short	The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
title_full	The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
title_fullStr	The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
title_full_unstemmed	The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)
title_sort	investigation of relationship between earnings quality and future stock returns in tehran stock exchange (tse)
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/024fc225a89044efa0926d5ee0980b5c
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The Investigation of Relationship between Earnings Quality and Future Stock Returns in Tehran Stock Exchange (TSE)

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