Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability

This research investigates the impact of investment growth on the relationship between earnings and equity value in different levels of profitability. The research sample takes 60 companies accepted in the Tehran Stock Exchange in the period 2001-2010. Investment growth has been calculated by actual...

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Autores principales:	Naser Izadinia, Parvaneh Azimi Dastgerdi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	investment growth earnings equity value profitability equity book value Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/180a0884687c47a5a022b1f53f25f779
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id	oai:doaj.org-article:180a0884687c47a5a022b1f53f25f779
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spelling	oai:doaj.org-article:180a0884687c47a5a022b1f53f25f7792021-11-04T19:46:52ZImpact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability2008-89142476-292X10.22103/jak.2014.663https://doaj.org/article/180a0884687c47a5a022b1f53f25f7792014-05-01T00:00:00Zhttps://jak.uk.ac.ir/article_663_bc183c75698d6e0aef4d37fb4a01db05.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research investigates the impact of investment growth on the relationship between earnings and equity value in different levels of profitability. The research sample takes 60 companies accepted in the Tehran Stock Exchange in the period 2001-2010. Investment growth has been calculated by actual book values of firms’ equities. To test the hypotheses, univariate and multiple regression analyses were employed, using Fama and Macbeth (1972) two steps cross-sectional regression method. The results show that in different levels of profitability, there is a positive and significant relationship between equity earnings and equity value. This confirms the importance and informative aspects of accounting variable of earnings. Also, the results show that investment growth in companies with high level of profitability has positive and significant effect on the relationship between equity earnings and equity value.Naser IzadiniaParvaneh Azimi DastgerdiShahid Bahonar University of Kermanarticleinvestment growthearningsequity valueprofitabilityequity book valueAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 16, Pp 101-118 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	investment growth earnings equity value profitability equity book value Accounting. Bookkeeping HF5601-5689
spellingShingle	investment growth earnings equity value profitability equity book value Accounting. Bookkeeping HF5601-5689 Naser Izadinia Parvaneh Azimi Dastgerdi Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
description	This research investigates the impact of investment growth on the relationship between earnings and equity value in different levels of profitability. The research sample takes 60 companies accepted in the Tehran Stock Exchange in the period 2001-2010. Investment growth has been calculated by actual book values of firms’ equities. To test the hypotheses, univariate and multiple regression analyses were employed, using Fama and Macbeth (1972) two steps cross-sectional regression method. The results show that in different levels of profitability, there is a positive and significant relationship between equity earnings and equity value. This confirms the importance and informative aspects of accounting variable of earnings. Also, the results show that investment growth in companies with high level of profitability has positive and significant effect on the relationship between equity earnings and equity value.
format	article
author	Naser Izadinia Parvaneh Azimi Dastgerdi
author_facet	Naser Izadinia Parvaneh Azimi Dastgerdi
author_sort	Naser Izadinia
title	Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
title_short	Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
title_full	Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
title_fullStr	Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
title_full_unstemmed	Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability
title_sort	impact of investment growth on the relationship between earnings and equity value in different levels of profitability
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/180a0884687c47a5a022b1f53f25f779
work_keys_str_mv	AT naserizadinia impactofinvestmentgrowthontherelationshipbetweenearningsandequityvalueindifferentlevelsofprofitability AT parvanehazimidastgerdi impactofinvestmentgrowthontherelationshipbetweenearningsandequityvalueindifferentlevelsofprofitability
_version_	1718444633657180160

Impact of Investment Growth on the Relationship between Earnings and Equity Value in Different Levels of Profitability

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