Comparison of Accounting Earnings Informativeness in Family and Non-Family Firms Listed In Tehran Stock Exchange
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 3
Abstract
Information development in recent decades has provided new opportunities for people and organizations, so interactions and communications have developed globally and new definition have emerged in different aspects of individual and social life. Accounting earnings is one of the factors whose presentation and information content have a significant impact on investors' behavior and stock price changes. This study aims to examine the effect of accounting earnings informativeness on stock prices in family and non-family firms. The research population consists of family and non-family firms listed in Tehran Stock Exchange among which the data of 23 family firms and 43 non-family firms have been collected as the sample during the fiscal years of 2007 to 2013. The research hypotheses have been tested using Spearman and regression tests. The results show that there is a significant relationship between accounting earnings informativeness and stock price in family and nonfamily firms. Moreover, the effect of accounting earnings informativeness on stock price is significantly different in family and non-family firms.
Authors and Affiliations
Mahdieh Nor Ali Ahari, Mohammad Jalili
Keywords
Related Articles
- EP ID EP138775
- DOI 10.6007/IJARAFMS/v6-i3/2203
- Views 102
- Downloads 0
Comprehensive Income and Net Income, Which is more powerful in predicting Future Performance
The aim of this research is to compare the ability of comprehensive income and net income to predict companies' future performance in emerging markets by studying industrial companies in Jordan, and to achieve the purpos...
Regression Model Used in Analyzing the Effect of Foreign Direct Investment on Economic Growth
FDI definitely influence economic growth. While analyzing the link between FDI and economic growth, we bear in mind that investments influence economic growth. Empirical studies reveal that FDI effect upon economic growt...
The Role of Sustainability Disclosures for the Capital Market Participants. Evidence from Turkey
The business world weighs mostly the financial data and reports but sustainability disclosures and reports are increasingly on the agenda of investors, analysts and market specialists. The non-financial information such...
Econometric Analysis Model of the Correlation between Final Consumption and Gross Disposable Income
The Effect of Cash Flow Stability and Financial Policies on Brand