Evidence of stock return predictability by financial ratios is still controversial, as documented by inconsistent results for in-sample and out-of-sample regressions and by substantial parameter instability. This paper shows that these seemingly incompatible results can be reconciled if the assumption of a fixed steady-state mean of the economy is relaxed. We find strong empirical evidence in s...

Financial statement fraud has increasingly become a serious problem for business, government, and investors. In fact, this threatens the reliability of capital markets, corporate heads, and even the audit profession. Auditors in particular face their apparent inability to detect large-scale fraud, and there are various ways to identify this problem. In order to identify this problem, the majori...

The goal of this paper is to identify the key financial distress performance indicators of local governments by using published financial data. Thus, using proper financial ratios the financial performance of municipalities is assessed through a multicriteria methodology that combines simulation analysis approach (stochastic multicriteria acceptability analysis) with a disaggregation technique....

This study explores the empirical relationship between stock prices and financial ratios in Bahrain Stock Exchange specifically applied on institutions listed Bourse. The results of analysis varied as follows: earning per share, return assets equity have shown positive with share price, while price to earnings ratio Financial Leverage demonstrated negative price. Finally, firm’s size which is m...

agricultural activities are risky activities. in these activities, various natural, social and economic risks have created fragile and vulnerable situation for producers. price risk in agricultural products has caused financial problems for many producers and farmers. to deal with these price risks and price fluctuations, there are varieties of tools. this paper focused on futures markets instr...

The aim of this study is to investigate the effects of capital structure decisions on firms’ profitability in manufacturing sector in Turkey. The data used in this research corresponds to the financial statements of manufacturing companies collected between 2005 and 2011. Regression analysis was employed by using financial ratios obtained from financial statements of firms within the scope of a...

the main focus in this study is on data pre-processing, reduction in number of inputs or input space size reduction the purpose of which is the justified generalization of data set in smaller dimensions without losing the most significant data. in case the input space is large, the most important input variables can be identified from which insignificant variables are eliminated, or a variable ...

vol. 6, no. 1, 2014, ser. 66/3     extended abstract   explaining the relationship indices of the performance evaluation and rank performance with the growth of the companies   m. afshar                                          r. zamani amugheen molana higher education, abyek, qazvin   introduction        due tocompetition in the global economy and an increase in public awareness about the fin...