Revision effects of frequency of earning forecast on firm structure of the accepted companies in Tehran Stock Exchange (TSE)

This study investigated the effects of revised forecasted earnings frequency on performance of the companies. Updating news frequency revises a company''''s earnings forecasts and deliver more reliable information to the stock market. By reducing information asymmetry, the information needs of the users are satisfied properly and thus the information environment develops. Regarding this, the number of revised forecasted earnings can improve the company''''s performance. The sample included 125 companies listed on Tehran Stock Exchange that used a purposeful screening method during 2010 to 2014. Multiple regression, panel data and F Limer (Chow) and Hausman and Jark tests were used to analyze data. The results showed that increase in the frequency of revised forecasted earrings had a significant positive effect on the company''''s value and the cost of capital equity and had a significant and negative impact on the company''''s stock liquidity. On the whole, the frequency of revised forecasted earrings had positive and significant effects on firm''''s performance.