Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics

In this paper the persistence of abnormal changes in cash has been evaluated and then the persistence of changes in cash and abnormal accruals has been compared. In addition, stock market efficiency with respect to characteristics of earnings components persistence has been investigated. To perform...

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Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2013
Materias:	abnormal changes in cash abnormal accruals earnings persistence free cash flow Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/69ff1e54c8e84f16ac3fc85a765a2028
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spelling	oai:doaj.org-article:69ff1e54c8e84f16ac3fc85a765a20282021-11-04T19:45:16ZAssessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics2008-89142476-292X10.22103/jak.2013.555https://doaj.org/article/69ff1e54c8e84f16ac3fc85a765a20282013-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_555_7d3206a233682720e47621cf5f338b3b.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn this paper the persistence of abnormal changes in cash has been evaluated and then the persistence of changes in cash and abnormal accruals has been compared. In addition, stock market efficiency with respect to characteristics of earnings components persistence has been investigated. To perform the research, first, the required data have been calculated, using cross- sectional multi-variable regression method. Then, final models have been estimated by pooled method. To estimate the models, we use financial information of 111 sample companies in the period of 2001 to 2010. The results indicate that there is not any difference between persistence of negative abnormal changes and positive abnormal changes. Also abnormal accruals have greater persistence than negative and positive abnormal changes. Another result indicates that the stock exchange market is inefficient to impound the persistence of earnings components.Shahid Bahonar University of Kermanarticleabnormal changes in cashabnormal accrualsearnings persistencefree cash flowAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 4, Iss 13, Pp 7-27 (2013)
institution	DOAJ
collection	DOAJ
language	FA
topic	abnormal changes in cash abnormal accruals earnings persistence free cash flow Accounting. Bookkeeping HF5601-5689
spellingShingle	abnormal changes in cash abnormal accruals earnings persistence free cash flow Accounting. Bookkeeping HF5601-5689 Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
description	In this paper the persistence of abnormal changes in cash has been evaluated and then the persistence of changes in cash and abnormal accruals has been compared. In addition, stock market efficiency with respect to characteristics of earnings components persistence has been investigated. To perform the research, first, the required data have been calculated, using cross- sectional multi-variable regression method. Then, final models have been estimated by pooled method. To estimate the models, we use financial information of 111 sample companies in the period of 2001 to 2010. The results indicate that there is not any difference between persistence of negative abnormal changes and positive abnormal changes. Also abnormal accruals have greater persistence than negative and positive abnormal changes. Another result indicates that the stock exchange market is inefficient to impound the persistence of earnings components.
format	article
title	Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
title_short	Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
title_full	Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
title_fullStr	Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
title_full_unstemmed	Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics
title_sort	assessment of abnormal changes in cash effect on earnings persistence and efficiency of tehran stock exchange in distinguishing earnings components persistence characteristics
publisher	Shahid Bahonar University of Kerman
publishDate	2013
url	https://doaj.org/article/69ff1e54c8e84f16ac3fc85a765a2028
_version_	1718444654899232768

Assessment of Abnormal Changes in Cash Effect on Earnings Persistence and Efficiency of Tehran Stock Exchange in Distinguishing Earnings Components Persistence Characteristics

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