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Growing Science » Management Science Letters » Investigating the persistence of earnings components and pricing test of abnormal changes in cash

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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 3 Issue 3 pp. 763-770 , 2013

Investigating the persistence of earnings components and pricing test of abnormal changes in cash Pages 763-770 Right click to download the paper Download PDF

Authors: Yaser Ahmadi, Khosro Faghani Makarani

📋 Author Affiliations:
doi 10.5267/j.msl.2013.02.012
Crossmark

🔑 Keywords: Abnormal change in cash, Persistence of earning, Tehran Stock Exchange

Abstract: This paper investigates the persistence of earnings components and pricing test of abnormal changes in cash for selected firms listed on Tehran Stock Exchange (TSE). The proposed study gathers the necessary data from 166 firms over the period 2004-2012 from firms whose shares were actively traded on TSE market. The study uses Panel data and with the implementation of linear regression technique examines four hypotheses. The results indicate that abnormal negative changes in cash are more persistence than positive abnormal changes. In addition, both positive and negative abnormal changes are more persistence than accruals. Market also has a good perception on abnormal positive and negative changes in cash.

How to cite this paper
APA: Ahmadi, Y & Makarani, K. (2013). Investigating the persistence of earnings components and pricing test of abnormal changes in cash. Management Science Letters, 3(3), 763-770.
Chicago/Turabian: Ahmadi, Y & Makarani, K. 2013. "Investigating the persistence of earnings components and pricing test of abnormal changes in cash." Management Science Letters 3, no. 3 (2013): 763-770.
AMA: Ahmadi, Y & Makarani, K. Investigating the persistence of earnings components and pricing test of abnormal changes in cash. Management Science Letters. 2013;3(3):763-770.

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Journal: Management Science Letters | Year: 2013 | Volume: 3 | Issue: 3 | Views: 2801 | Reviews: 0

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