this paper investigates the relationship between earnings management and quality of earnings for the bankrupt and non-bankrupt firms listed in the tehran stock exchange from 2007 to 2012.the earnings quality  is measured by four separate accounting-based earnings attributes: accruals quality, earnings persistence, earnings predictability; earnings and is also examined by testing the relationshi...

This research is aimed at analyzing the valuation of BUMN shares with dividend discounted model and economic value added model. study also to teach early or novice investors about financial statement analysis, which contains information companies' finances actions in following years. Financial analysis not limited Price-to-Earnings Ratio (P/E Ratio) Price-to-Book Value (PBV). There are various ...

Iran is one of the oil exporting countries, so the oil price plays a remarkable role in the government budget and is a major source of foreign exchange. On the other hand, the reliance of the government budget to oil income as well as its fluctuations is a fact referred to as the most important cause of inflation by many researchers. This paper explores the effect of shocks in the exchange rate...

From 1994 to 1998, Bradshaw (2004) finds that analysts’ stock recommendations relate negatively to residual income valuation estimates but positively to valuation heuristics based on the price-to-earnings-to-growth ratio and long-term growth. These results are surprising, especially considering that future returns relate positively to residual income valuation estimates and negatively to heuris...

This study aims to investigate the effect of financial factors on stock prices, and find out which are most statistically significant change prices. Based information 16 listed companies in Chinese home electrical appliance industry, three simple linear models built compared. The final model suggests that earnings per share, operating income debt-to-asset ratio statically a company’s price. Bes...

Researchers have been trying to understand and establish relationship between various factors influencing the market price of stocks. Similar studies in Nepal limited banking sector only. However, this paper aims investigate that affect share prices life insurance companies listed Stock Exchange (NEPSE). All with panel data for period 2012/13-2017/18 was taken as a sample study. The analyzed th...

Whereas the relations derived for price-earnings (P/E) ratios predict a positive relation with future earnings growth and negative relations with interest rates and risk, prior empirical investigations of the determinants of P/E ratios find these links to be weak. One reason commonly offered for this apparent inconsistency is the presence of transitory earnings components in the denominator. We...

The widespread use of accounting information by investors and financial analysts to help value stocks creates an incentive for managers to manipulate earnings in an attempt to influence short-term stock price performance. This paper examines the role of earnings management in affecting a firm’s cost of capital. Using an agency model with multiple firms whose cash flows are correlated, we demons...

Behavioral Finance aims to explain empirical anomalies by introducing investor psychology as a determinant of asset pricing. Two kinds of anomalies, namely underreaction and overreaction, have been established by an impressive record of empirical work. While underreaction defines a slow adjustment of prices to corporate events or announcements, overreaction deals with extreme stock price reacti...