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گواهی نمایه سازی مقاله Testing the rational expectations hypotheses on accounting numbers in Tehran Stock Exchange

عنوان مقاله: Testing the rational expectations hypotheses on accounting numbers in Tehran Stock Exchange
شناسه (COI) مقاله: FNCAM01_046
منتشر شده در اولین کنفرانس ملی حسابداری و مدیریت در سال ۱۳۹۲
مشخصات نویسندگان مقاله:

Mohammad A Hamzavi - Department of Accounting, Abadan Branch Islamic Azad University, Abadan, Iran
Abbas Aflatooni - University of Hamadan

خلاصه مقاله:
The purpose of this paper is to test the persistence and pricing of earnings, CFO and accruals using Iranian data. In response to arguments concerning omitted variables in the Mishkin (1983) test, it seeks to explore asymmetric effects by incorporating omitted variables capturing firm size, firm growth, sales and its variations and net operating assets into forecasting and pricing equations.The results indicates that, 1) CFO is persistent than ACC, 2) excluding omitted variables, stock market price earnings and its components irrationally and 3) including omitted variables, stock market price earnings and its components irrational, too.

کلمات کلیدی:
Rational expectation hypothesis; Earnings; Operation cash flows; Accruals; Mishkin test

صفحه اختصاصی مقاله و دریافت فایل کامل: https://www.civilica.com/Paper-FNCAM01-FNCAM01_046.html