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Article Information:
Earning Quality and Stock Return of Listed Companies in Tehran Stock Exchange (TSE)
Mohammad Hadi Zohdi, Hashem Valipour, Mohadese Hasani, Mohammad Reza Dalvand and Maryam Zohdi
Corresponding Author: Mohammad Hadi Zohdi
Submitted: November 28, 2011
Accepted: December 23, 2011
Published: August 15, 2012 |
Abstract:
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Earning quality is referred to the closeness of operating earnings to cash flow of operation. The more
the distance of earning with cash flow, the less the earning quality and the less the ability of earning to explain
stock return changes. Therefore, the present study aims to investigate the relation between earning quality and
gained return by stockholders. To do the research, 157 companies of the companies listed in TSE were selected
and the related data were studied during 2006 to 2010 by statistical tests of Analysis of Variance (ANOVA)
and correlation. The results indicated that among different classified companies, there is not different return
average based on earning quality. The other results show that there was no significant relation between earning
quality and stock return of the companies.
Key words: Earning quality, stock return, Tehran stock exchange, , , ,
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Cite this Reference:
Mohammad Hadi Zohdi, Hashem Valipour, Mohadese Hasani, Mohammad Reza Dalvand and Maryam Zohdi, . Earning Quality and Stock Return of Listed Companies in Tehran Stock Exchange (TSE). Research Journal of Applied Sciences, Engineering and Technology, (16): 2632-2638.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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