Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange

In this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.Th...

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Autores principales:	Mehdi Baharmoghadam, Seyyed Rasoul Hosseini
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2016
Materias:	pro forma earnings headline earnings headline earnings exclusions value relevance Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/eda92c58e1624c5195b6add8b25f20f5
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spelling	oai:doaj.org-article:eda92c58e1624c5195b6add8b25f20f52021-11-04T19:51:55ZStudy on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2016.1530https://doaj.org/article/eda92c58e1624c5195b6add8b25f20f52016-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_1530_cb093570c1d86bc525f82e647d902222.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.The data from a sample of 72 companies listed in the TSE, in the period 2003 to 2014, was used. The results of price levels regression showed that the headline earnings, in contrary to the headline earnings exclusions, have incremental value relevance. Also, the results of return levels regression, indicated that the headline earnings, in contrary to headline earnings exclusions, lack incremental value relevance. For relative value relevance, the test results of Vuong (1989) in price levels regression showed that the headline earnings have not relative value relevance more than basic earnings. This test in return levels regression showed that the headline earnings have relative value relevance more than basic earnings.Mehdi BaharmoghadamSeyyed Rasoul HosseiniShahid Bahonar University of Kermanarticlepro forma earningsheadline earningsheadline earnings exclusionsvalue relevanceAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 7, Iss 26, Pp 7-32 (2016)
institution	DOAJ
collection	DOAJ
language	FA
topic	pro forma earnings headline earnings headline earnings exclusions value relevance Accounting. Bookkeeping HF5601-5689
spellingShingle	pro forma earnings headline earnings headline earnings exclusions value relevance Accounting. Bookkeeping HF5601-5689 Mehdi Baharmoghadam Seyyed Rasoul Hosseini Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
description	In this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.The data from a sample of 72 companies listed in the TSE, in the period 2003 to 2014, was used. The results of price levels regression showed that the headline earnings, in contrary to the headline earnings exclusions, have incremental value relevance. Also, the results of return levels regression, indicated that the headline earnings, in contrary to headline earnings exclusions, lack incremental value relevance. For relative value relevance, the test results of Vuong (1989) in price levels regression showed that the headline earnings have not relative value relevance more than basic earnings. This test in return levels regression showed that the headline earnings have relative value relevance more than basic earnings.
format	article
author	Mehdi Baharmoghadam Seyyed Rasoul Hosseini
author_facet	Mehdi Baharmoghadam Seyyed Rasoul Hosseini
author_sort	Mehdi Baharmoghadam
title	Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
title_short	Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
title_full	Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
title_fullStr	Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
title_full_unstemmed	Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
title_sort	study on headline earnings reporting and it’s value relevance in listed companies in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2016
url	https://doaj.org/article/eda92c58e1624c5195b6add8b25f20f5
work_keys_str_mv	AT mehdibaharmoghadam studyonheadlineearningsreportinganditsvaluerelevanceinlistedcompaniesintehranstockexchange AT seyyedrasoulhosseini studyonheadlineearningsreportinganditsvaluerelevanceinlistedcompaniesintehranstockexchange
_version_	1718444625359798272

Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange

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