Processing, Please wait...

  • Home
  • About Us
  • Search:
  • Advanced Search

Growing Science » Accounting » An investigation on the effect of risk management on earnings volatility for shares of banks listed in Tehran Stock Exchange

Journals

  • IJIEC (777)
  • MSL (2643)
  • DSL (690)
  • CCL (528)
  • USCM (1092)
  • ESM (421)
  • AC (562)
  • JPM (293)
  • IJDS (952)
  • JFS (101)
  • HE (32)
  • SCI (26)

AC Volumes

    • Volume 1 (9)
      • Issue 1 (5)
      • Issue 2 (4)
    • Volume 2 (21)
      • Issue 1 (5)
      • Issue 2 (6)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 3 (22)
      • Issue 1 (7)
      • Issue 2 (6)
      • Issue 3 (4)
      • Issue 4 (5)
    • Volume 4 (17)
      • Issue 1 (5)
      • Issue 2 (4)
      • Issue 3 (4)
      • Issue 4 (4)
    • Volume 5 (17)
      • Issue 1 (4)
      • Issue 2 (4)
      • Issue 3 (4)
      • Issue 4 (5)
    • Volume 6 (154)
      • Issue 1 (5)
      • Issue 2 (16)
      • Issue 3 (18)
      • Issue 4 (25)
      • Issue 5 (30)
      • Issue 6 (30)
      • Issue 7 (30)
    • Volume 7 (205)
      • Issue 1 (29)
      • Issue 2 (27)
      • Issue 3 (25)
      • Issue 4 (30)
      • Issue 5 (26)
      • Issue 6 (32)
      • Issue 7 (36)
    • Volume 8 (46)
      • Issue 1 (10)
      • Issue 2 (15)
      • Issue 3 (14)
      • Issue 4 (7)
    • Volume 9 (21)
      • Issue 1 (5)
      • Issue 2 (6)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 10 (20)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 11 (20)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 12 (10)
      • Issue 1 (5)
      • Issue 2 (5)

Keywords

Supply chain management(168)
Jordan(165)
Vietnam(151)
Customer satisfaction(120)
Performance(115)
Supply chain(112)
Service quality(98)
Competitive advantage(97)
Tehran Stock Exchange(94)
SMEs(89)
optimization(87)
Sustainability(86)
Artificial intelligence(85)
Financial performance(84)
Trust(83)
TOPSIS(83)
Job satisfaction(81)
Genetic Algorithm(78)
Factor analysis(78)
Social media(78)


» Show all keywords

Authors

Naser Azad(82)
Zeplin Jiwa Husada Tarigan(66)
Mohammad Reza Iravani(64)
Endri Endri(45)
Muhammad Alshurideh(42)
Hotlan Siagian(40)
Dmaithan Almajali(37)
Jumadil Saputra(36)
Muhammad Turki Alshurideh(35)
Ahmad Makui(33)
Barween Al Kurdi(32)
Hassan Ghodrati(31)
Basrowi Basrowi(31)
Sautma Ronni Basana(31)
Mohammad Khodaei Valahzaghard(30)
Shankar Chakraborty(29)
Ni Nyoman Kerti Yasa(29)
Haitham M. Alzoubi(28)
Sulieman Ibraheem Shelash Al-Hawary(28)
Prasadja Ricardianto(28)


» Show all authors

Countries

Iran(2192)
Indonesia(1311)
Jordan(813)
India(793)
Vietnam(510)
Saudi Arabia(478)
Malaysia(444)
China(231)
United Arab Emirates(226)
Thailand(160)
United States(114)
Ukraine(110)
Turkey(110)
Egypt(106)
Peru(94)
Canada(93)
Morocco(86)
Pakistan(85)
United Kingdom(80)
Nigeria(78)


» Show all countries

Accounting

ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 4 Issue 3 pp. 123-128 , 2018

An investigation on the effect of risk management on earnings volatility for shares of banks listed in Tehran Stock Exchange Pages 123-128 Right click to download the paper Download PDF

Authors: Hamid Reza Kordlouie, Leila Sadeghi, Nahid Sadeghi

DOI: 10.5267/j.ac.2017.10.001

Keywords: Risk management, Earnings volatility, Bank, Tehran Stock Exchange

Abstract: This study aims to investigate the effect of risk management on earnings volatility on shares of banks listed in Tehran Stock Exchange. The statistical population includes all 20 listed banks in Tehran Stock Exchange over the period 2009-2015. As the number of listed banks in Tehran Stock Exchange was limited, census method and multiple regressions in panel data were used to collect the data and to test the hypotheses, respectively. In this study, earnings volatility was calculated given in Dichev and Tang (2009) [Dichev, I. D., & Tang, V. W. (2009). Earnings volatility and earnings predictability. Journal of Accounting and Economics, 47(1), 160-181.]. The results indicate that the coefficient of risk management was -0.20 with Sig. = 0.002; therefore risk management maintains a negative effect on banks’ profitability volatility. In addition, stock return coefficient is 0.0053 (Sig. = 0.000) which indicates a positive effect on earnings volatility. The coefficients of dividend ratio, firm size and liquidity ratio were 0.023, 0.071 and 0.059, respectively and they have significant and positive effect on earnings volatility.

How to cite this paper
Kordlouie, H., Sadeghi, L & Sadeghi, N. (2018). An investigation on the effect of risk management on earnings volatility for shares of banks listed in Tehran Stock Exchange.Accounting, 4(3), 123-128.

Refrences
Aghabaki, M., Molaei, I., & Maleki, H. (2012).The investigation of relationship between volatile and predictable earnings in accepted companies of Tehran Stock Exchange (TSE ). Journal of Basic and Applied Scientific Research, 2(4), 4258-4261.
Alijoyo, A. (2004). Focused enterprise risk management. MA:Addison-Wesley.
Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Economics, 24(1), 3-37.
Beaver, W., Kettler, P., & Scholes, M. (1970). The association between market determined and accounting determined risk measures. The Accounting Review, 45(4), 654-682.
Beaver, W. H., & Ryan, S. G. (2005). Conditional and unconditional conservatism: Concepts and modeling. Review of Accounting Studies, 10(2), 269-309.
Boltz, J. (1999). Informational Security Risk Assessment: Practices of Leading Organizations. DIANE Publishing.
Dichev, I. D., & Tang, V. W. (2009). Earnings volatility and earnings predictability. Journal of Accounting and Economics, 47(1), 160-181.
Donelson, D. C., Jennings, R., & McInnis, J. (2011). Changes over time in the revenue-expense relation: Accounting or economics?. The Accounting Review, 86(3), 945-974.
Frankel, R., & Litov, L. (2009). Earnings persistence. Journal of Accounting and Economics, 47(1-2), 182-190.
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40(1), 3-73.
Gul, F. A., Tsui, J. S., & Chen, C. J. (1997). Agency costs and audit pricing: Evidence on discretionary accruals.
Hamilton, J. L. (1978). Marketplace organization and marketability: NASDAQ, the stock exchange, and the national market system. The Journal of Finance, 33(2), 487-503.
Hutton, A. P., & Stocken, P. C. (2009). Prior forecasting accuracy and investor reaction to management earnings forecasts.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Kabir, M. H., & Hassan, M. K. (2005). The near-collapse of LTCM, US financial stock returns, and the fed. Journal of Banking & Finance, 29(2), 441-460.
Kolapo, T. F., Ayeni, R. K., & Oke, M. O. (2012). Credit risk and commercial banks’ performance in Nigeria: A panel model approach. Australian Journal of Business and Management Research, 2(2), 31.
Lewellen, J., & Shanken, J. (2002). Learning, asset‐pricing tests, and market efficiency. The Journal of Finance, 57(3), 1113-1145.
Louis, H. (2005). Acquirers' abnormal returns, audit firm size, and the small auditor clientele effect. Journal of Accounting and Economics, 40,75-99.
Ni, S. W., Fah, C. F., & Nassir, A. M. (2009). The effect of financial risk on the earnings response in Thailand banks’ stock. International Research Journal of Finance and Economics, 31, 55-65.
Ravindran, A. R., Ufuk Bilsel, R., Wadhwa, V., & Yang, T. (2010). Risk adjusted multicriteria supplier selection models with applications. International Journal of Production Research, 48(2), 405-424.
Stulz, R. M. (2003). Risk management and derivatives. South-Western Pub.
Tang, O., & Musa, S. N. (2011). Identifying risk issues and research advancements in supply chain risk management. International Journal of Production Economics, 133(1), 25-34.
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5

Journal: Accounting | Year: 2018 | Volume: 4 | Issue: 3 | Views: 2050 | Reviews: 0

Related Articles:
  • A study on effective factors influencing on equity risk in banking industry
  • The relationship between operating risk and accounting conservatism: Eviden ...
  • Investigating the effect of tax costs on accounting conservatism: Evidence ...
  • A study on relationship between abnormal accruals and future profitability: ...
  • The effect of quality of information on systematic risk

Add Reviews

Name:*
E-Mail:
Review:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
winkwinkedsmileam
belayfeelfellowlaughing
lollovenorecourse
requestsadtonguewassat
cryingwhatbullyangry
Security Code: *
Include security image CAPCHA.
Refresh Code

® 2010-2026 GrowingScience.Com