Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of Information in Stock Prices
In this research, the relationship between the earnings quality, measured by accruals quality and earnings persistence, and the reflection speed of information in stock prices in 112 firms listed in the Tehran Stock Exchange in the period of 2003 to 2012wereinvestigated. Also, the relationship betwe...
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Shahid Bahonar University of Kerman
2015
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oai:doaj.org-article:cc51f32f5017405392132bf7117934592021-11-04T19:48:49ZInvestigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of Information in Stock Prices2008-89142476-292X10.22103/jak.2015.1411https://doaj.org/article/cc51f32f5017405392132bf7117934592015-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_1411_31e3e4951b88b862e98027bc01e396df.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn this research, the relationship between the earnings quality, measured by accruals quality and earnings persistence, and the reflection speed of information in stock prices in 112 firms listed in the Tehran Stock Exchange in the period of 2003 to 2012wereinvestigated. Also, the relationship between risk factors of the reflection speed of accounting and non-accounting information and risk premium were examined. To model the relationships, a panel data framework and two stage regression method of Fama- Macbeth (1973) were applied. The results showed that higher accruals quality and more accounting earnings persistence give rise to higher reflection speed of information in stock prices. Also, the results indicated that there exists a significantly positive relationship between the reflection speed of accounting and non-accounting information for risk factors and the risk premium. This means a decrease in the earnings quality causes reduction in the reflection speed of information in share prices and increase in the shareholders claimed return.Abbas AflatooniShahid Bahonar University of Kermanarticleaccruals qualityearnings persistencereflection speed of informationrisk premiumAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 6, Iss 22, Pp 107-129 (2015) |
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DOAJ |
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| topic |
accruals quality earnings persistence reflection speed of information risk premium Accounting. Bookkeeping HF5601-5689 |
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accruals quality earnings persistence reflection speed of information risk premium Accounting. Bookkeeping HF5601-5689 Abbas Aflatooni Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of Information in Stock Prices |
| description |
In this research, the relationship between the earnings quality, measured by accruals quality and earnings persistence, and the reflection speed of information in stock prices in 112 firms listed in the Tehran Stock Exchange in the period of 2003 to 2012wereinvestigated. Also, the relationship between risk factors of the reflection speed of accounting and non-accounting information and risk premium were examined. To model the relationships, a panel data framework and two stage regression method of Fama- Macbeth (1973) were applied.
The results showed that higher accruals quality and more accounting earnings persistence give rise to higher reflection speed of information in stock prices. Also, the results indicated that there exists a significantly positive relationship between the reflection speed of accounting and non-accounting information for risk factors and the risk premium. This means a decrease in the earnings quality causes reduction in the reflection speed of information in share prices and increase in the shareholders claimed return. |
| format |
article |
| author |
Abbas Aflatooni |
| author_facet |
Abbas Aflatooni |
| author_sort |
Abbas Aflatooni |
| title |
Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of
Information in Stock Prices |
| title_short |
Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of
Information in Stock Prices |
| title_full |
Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of
Information in Stock Prices |
| title_fullStr |
Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of
Information in Stock Prices |
| title_full_unstemmed |
Investigating Relationship between both of Accruals Quality and Earnings Persistence and Reflection Speed of
Information in Stock Prices |
| title_sort |
investigating relationship between both of accruals quality and earnings persistence and reflection speed of
information in stock prices |
| publisher |
Shahid Bahonar University of Kerman |
| publishDate |
2015 |
| url |
https://doaj.org/article/cc51f32f5017405392132bf711793459 |
| work_keys_str_mv |
AT abbasaflatooni investigatingrelationshipbetweenbothofaccrualsqualityandearningspersistenceandreflectionspeedofinformationinstockprices |
| _version_ |
1718444619221434368 |