Processing, Please wait...

  • Home
  • About Us
  • Search:
  • Advanced Search

Growing Science » Management Science Letters » Earnings quality measures and excess returns: A case study of Tehran Stock Exchange

Journals

  • IJIEC (678)
  • MSL (2637)
  • DSL (606)
  • CCL (460)
  • USCM (1087)
  • ESM (391)
  • AC (543)
  • JPM (215)
  • IJDS (802)
  • JFS (81)

MSL Volumes

    • Volume 1 (70)
      • Issue 1 (10)
      • Issue 2 (15)
      • Issue 3 (20)
      • Issue 4 (25)
    • Volume 2 (365)
      • Issue 1 (51)
      • Issue 2 (32)
      • Issue 3 (40)
      • Issue 4 (44)
      • Issue 5 (42)
      • Issue 6 (52)
      • Issue 7 (53)
      • Issue 8 (51)
    • Volume 3 (426)
      • Issue 1 (40)
      • Issue 2 (47)
      • Issue 3 (40)
      • Issue 4 (40)
      • Issue 5 (27)
      • Issue 6 (50)
      • Issue 7 (51)
      • Issue 8 (30)
      • Issue 9 (24)
      • Issue 10 (25)
      • Issue 11 (25)
      • Issue 12 (27)
    • Volume 4 (387)
      • Issue 1 (34)
      • Issue 2 (30)
      • Issue 3 (34)
      • Issue 4 (42)
      • Issue 5 (33)
      • Issue 6 (43)
      • Issue 7 (42)
      • Issue 8 (40)
      • Issue 9 (39)
      • Issue 10 (20)
      • Issue 11 (18)
      • Issue 12 (12)
    • Volume 5 (129)
      • Issue 1 (15)
      • Issue 2 (10)
      • Issue 3 (10)
      • Issue 4 (12)
      • Issue 5 (14)
      • Issue 6 (14)
      • Issue 7 (8)
      • Issue 8 (8)
      • Issue 9 (11)
      • Issue 10 (8)
      • Issue 11 (9)
      • Issue 12 (10)
    • Volume 6 (74)
      • Issue 1 (9)
      • Issue 2 (6)
      • Issue 3 (6)
      • Issue 4 (7)
      • Issue 5 (6)
      • Issue 6 (6)
      • Issue 7 (8)
      • Issue 8 (6)
      • Issue 9 (5)
      • Issue 10 (5)
      • Issue 11 (5)
      • Issue 12 (5)
    • Volume 7 (54)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
      • Issue 5 (5)
      • Issue 6 (5)
      • Issue 7 (4)
      • Issue 8 (4)
      • Issue 9 (4)
      • Issue 10 (4)
      • Issue 11 (4)
      • Issue 12 (4)
    • Volume 8 (119)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (5)
      • Issue 5 (22)
      • Issue 6 (20)
      • Issue 7 (6)
      • Issue 8 (6)
      • Issue 9 (8)
      • Issue 10 (10)
      • Issue 11 (11)
      • Issue 12 (16)
    • Volume 9 (208)
      • Issue 1 (16)
      • Issue 2 (14)
      • Issue 3 (11)
      • Issue 4 (12)
      • Issue 5 (12)
      • Issue 6 (16)
      • Issue 7 (16)
      • Issue 8 (16)
      • Issue 9 (16)
      • Issue 10 (16)
      • Issue 11 (19)
      • Issue 12 (20)
      • Issue 13 (24)
    • Volume 10 (448)
      • Issue 1 (24)
      • Issue 2 (25)
      • Issue 3 (24)
      • Issue 4 (25)
      • Issue 5 (26)
      • Issue 6 (26)
      • Issue 7 (25)
      • Issue 8 (27)
      • Issue 9 (27)
      • Issue 10 (30)
      • Issue 11 (33)
      • Issue 12 (30)
      • Issue 13 (30)
      • Issue 14 (30)
      • Issue 15 (30)
      • Issue 16 (36)
    • Volume 11 (251)
      • Issue 1 (36)
      • Issue 2 (39)
      • Issue 3 (40)
      • Issue 4 (40)
      • Issue 5 (29)
      • Issue 6 (27)
      • Issue 7 (20)
      • Issue 8 (12)
      • Issue 9 (8)
    • Volume 12 (33)
      • Issue 1 (6)
      • Issue 2 (6)
      • Issue 3 (8)
      • Issue 4 (13)
    • Volume 13 (27)
      • Issue 1 (7)
      • Issue 2 (8)
      • Issue 3 (5)
      • Issue 4 (7)
    • Volume 14 (22)
      • Issue 1 (6)
      • Issue 2 (6)
      • Issue 3 (5)
      • Issue 4 (5)
    • Volume 15 (24)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (9)

Keywords

Supply chain management(156)
Jordan(154)
Vietnam(147)
Customer satisfaction(119)
Performance(108)
Supply chain(105)
Service quality(95)
Tehran Stock Exchange(94)
Competitive advantage(91)
SMEs(85)
Financial performance(81)
optimization(81)
Factor analysis(78)
Job satisfaction(78)
Trust(77)
Knowledge Management(76)
Genetic Algorithm(74)
TOPSIS(73)
Social media(72)
Organizational performance(71)


» Show all keywords

Authors

Naser Azad(82)
Mohammad Reza Iravani(64)
Zeplin Jiwa Husada Tarigan(52)
Endri Endri(44)
Muhammad Alshurideh(40)
Hotlan Siagian(36)
Muhammad Turki Alshurideh(35)
Jumadil Saputra(35)
Barween Al Kurdi(32)
Hassan Ghodrati(31)
Dmaithan Almajali(30)
Mohammad Khodaei Valahzaghard(30)
Ahmad Makui(30)
Ni Nyoman Kerti Yasa(29)
Basrowi Basrowi(29)
Shankar Chakraborty(29)
Prasadja Ricardianto(28)
Sulieman Ibraheem Shelash Al-Hawary(27)
Ali Harounabadi(26)
Haitham M. Alzoubi(26)


» Show all authors

Countries

Iran(2149)
Indonesia(1208)
India(762)
Jordan(726)
Vietnam(489)
Malaysia(415)
Saudi Arabia(400)
United Arab Emirates(209)
Thailand(142)
China(130)
United States(100)
Turkey(97)
Ukraine(93)
Egypt(86)
Canada(83)
Pakistan(81)
Nigeria(72)
Peru(70)
United Kingdom(69)
Taiwan(65)


» Show all countries

Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 3 Issue 4 pp. 1133-1138 , 2013

Earnings quality measures and excess returns: A case study of Tehran Stock Exchange Pages 1133-1138 Right click to download the paper Download PDF

Authors: Hassan Hemmati, Seyed Ali Sayadi

DOI: 10.5267/j.msl.2013.03.013

Keywords: Earning quality, Excess return, Tehran Stock Exchange

Abstract: This paper presents an empirical investigation to study the relationship between earning quality measure and excess returns on selected firms trading on Tehran Stock Exchange. The purpose of this study is to find the relative advantage of income figures reported in formal financial statements. The study uses hedge return, six accounting ratios and three market ratios and performs the study over the period of 2001-2011 using 56 firms whose shares were traded on Tehran Stock Exchange. The proposed study uses regression analysis as well as structural equation modeling. The results of this study indicate that market based figures are more influencing than accounting based ratios on hedge return. In other words, hedge return for persistency index was more predictable than smoothness and abnormal accruals. However, on the contrary to what we expected, hedge return for accruals was not more than other accounting based figures.

How to cite this paper
Hemmati, H & Sayadi, S. (2013). Earnings quality measures and excess returns: A case study of Tehran Stock Exchange.Management Science Letters , 3(4), 1133-1138.

Refrences
Bartov, E., Radhakrishnan, S. & Krinksy, I. (2000). Investor sophistication and patterns in stock
returns after earnings announcements. The Accounting Review, 75, 43-63.

Cronbach, L. J. (1951). Coefficient alpha and the internal structure of tests. Psychometrika, 16(3),
297-334.

Dechow, P.M., Ge, W., & Schrand, K.M. (2010). Understanding earnings quality: A review of the
proxies, Their determinants and their consequences. Journal of Accounting and Economics, 50,
344-401.

Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and
bonds. Journal of financial economics, 33(1), 3-56.

Fairfield, P. M., Whisenant, S., & Lombardi Yohn, T. (2003). Accrued earnings and growth:
Implications for future profitability and market mispricing. The Accounting Review, 78, 353–371.

Francis, J., LaFond, R., Olsson, P.M., & Schipper, K. (2004). Costs of equity and earnings attributes.
The Accounting Review, 79, 967-1010.

Landsman, W. R., Miller, B. L., Peasnell, K., & Yeh, S. (2011). Do investors understand really dirty
surplus?. The Accounting Review, 86(1), 237-258.

Perotti, P. & Wagenhofer, A. (2011). Earnings quality measures and excess returns. University of
Graz.

Richardson, S., Tuna, I., & Wysocki, P. (2010). Accounting anomalies and fundamental analysis: A
review of recent research advances. Journal of Accounting and Economics, 50, 410-454.

Schipper, K., & Vincent, L. (2003). Earnings quality. Accounting Horizons, 17, 97-110.
  • 34
  • 1
  • 2
  • 3
  • 4
  • 5

Journal: Management Science Letters | Year: 2013 | Volume: 3 | Issue: 4 | Views: 2422 | Reviews: 0

Related Articles:
  • The relationship between top management turnover with earnings management a ...
  • An investigation on the relationship between quarterly earnings adjustment ...
  • Investigating the persistence of earnings components and pricing test of ab ...
  • Impact of the corporate governance characteristics and ownership on earning ...
  • The role of earnings management and dividend announcement in explanation of ...

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

® 2010-2025 GrowingScience.Com