The Relationship between Firm Size and Earnings Response Coefficients with Unexpected Benefit in the Companies Listed in Tehran Stock Exchange (TSE)
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
Nowadays, information is the most part of the investment process. Information causes different decisions made by different people. Investors lack of knowledge about the effective factors on investors reaction could lead to overact or underact which ultimately would result to investors loss. This study examines the relationship between unexpectedProfit and the firm size on Profitresponse coefficient in the companies listed on the Tehran Stock Exchange about which the measurement of Profitresponse coefficient raised from cummulative abnormal returns, the amount of companies sales, unexpected profit raised from real and estimated profit and calculating the expected return, Fama and French Models were taken into consideration. For this purpose, about 135 typical companies in various industries listed in Tehran Stock Exchange for the period of 9 years (between 1385-1393) were analyzed (total 1215 firm-year) to study the relationship among variables to test the hypothesis of the study. The results showed that unexpected profit had significant positive correlation on the profit response coefficient on the companies under study and it had negative and meaningful correlation on the Profitresponse of the examined companies.
Keywords:
Language:
Persian
Published:
Financial Management Perspective, Volume:6 Issue: 14, 2016
Pages:
105 to 127
magiran.com/p1798756
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!