Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange

In this study the ability of accounting earnings on predicting and explaining the stock returns of Tehran Stock Exchange has been investigated. The goal of this research is to determine whether accounting earning number has considerable role on predicting and explaining the stock returns and reveali...

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Autores principales:	Naser Izadinia, Seyed Komail Tayebi, Aliakbar Kashef
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2012
Materias:	operating income stock return risk discount rate Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/7bafe67e3f1447c78c32d5a91761f892
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spelling	oai:doaj.org-article:7bafe67e3f1447c78c32d5a91761f8922021-11-04T19:42:25ZDetermining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange2008-89142476-292X10.22103/jak.2012.113https://doaj.org/article/7bafe67e3f1447c78c32d5a91761f8922012-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_113_65a6ace0d86f54d39322e5cbcf311be9.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn this study the ability of accounting earnings on predicting and explaining the stock returns of Tehran Stock Exchange has been investigated. The goal of this research is to determine whether accounting earning number has considerable role on predicting and explaining the stock returns and revealing capital market’s response to information, after controlling for risk and discount rate indicators. Thus 41 corporations have been selected over 1375-1389. Selected data for analyzing are based on time series.Selected operating income and return have been aggregated through ratio of individualcorporation’s market values on total sample market values and regression analysis has been used for examining the hypothsises. Results indicate that current operating income along with book to equity ratio is positive predictors of future return. Moreover, changes in operating income have suitable ability in explaning return around earning’s changes announcement.Naser IzadiniaSeyed Komail TayebiAliakbar KashefShahid Bahonar University of Kermanarticleoperating incomestock returnriskdiscount rateAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 9, Pp 7-32 (2012)
institution	DOAJ
collection	DOAJ
language	FA
topic	operating income stock return risk discount rate Accounting. Bookkeeping HF5601-5689
spellingShingle	operating income stock return risk discount rate Accounting. Bookkeeping HF5601-5689 Naser Izadinia Seyed Komail Tayebi 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
description	In this study the ability of accounting earnings on predicting and explaining the stock returns of Tehran Stock Exchange has been investigated. The goal of this research is to determine whether accounting earning number has considerable role on predicting and explaining the stock returns and revealing capital market’s response to information, after controlling for risk and discount rate indicators. Thus 41 corporations have been selected over 1375-1389. Selected data for analyzing are based on time series.Selected operating income and return have been aggregated through ratio of individualcorporation’s market values on total sample market values and regression analysis has been used for examining the hypothsises. Results indicate that current operating income along with book to equity ratio is positive predictors of future return. Moreover, changes in operating income have suitable ability in explaning return around earning’s changes announcement.
format	article
author	Naser Izadinia Seyed Komail Tayebi Aliakbar Kashef
author_facet	Naser Izadinia Seyed Komail Tayebi Aliakbar Kashef
author_sort	Naser Izadinia
title	Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange
title_short	Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange
title_full	Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange
title_fullStr	Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange
title_full_unstemmed	Determining Ability of Operating Income and Its Changes in Explaining and Predicting Operating Income and Stock Returns: the Case of Tehran Stock Exchange
title_sort	determining ability of operating income and its changes in explaining and predicting operating income and stock returns: the case of tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2012
url	https://doaj.org/article/7bafe67e3f1447c78c32d5a91761f892
work_keys_str_mv	AT naserizadinia determiningabilityofoperatingincomeanditschangesinexplainingandpredictingoperatingincomeandstockreturnsthecaseoftehranstockexchange AT seyedkomailtayebi determiningabilityofoperatingincomeanditschangesinexplainingandpredictingoperatingincomeandstockreturnsthecaseoftehranstockexchange AT aliakbarkashef determiningabilityofoperatingincomeanditschangesinexplainingandpredictingoperatingincomeandstockreturnsthecaseoftehranstockexchange
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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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