The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market
Forecasted profits provides important information for investors and other users of financial statements. In recent years, a large number of studies have investigated the accuracy of forecasted profits made by company management. In this study, we investigate the effect of nine variables on accuracy...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Shahid Bahonar University of Kerman
2008-06-01
|
| Series: | مجله توسعه و سرمایه |
| Subjects: | |
| Online Access: | https://jdc.uk.ac.ir/article_1884_49622ef5507d370db549ac1a440392d0.pdf |
| _version_ | 1797835596580782080 |
|---|---|
| author | Mohammad Namazi (Ph.D) Kazem Shamsoddini |
| author_facet | Mohammad Namazi (Ph.D) Kazem Shamsoddini |
| author_sort | Mohammad Namazi (Ph.D) |
| collection | DOAJ |
| description | Forecasted profits provides important information for investors and other users of financial statements. In recent years, a large number of studies have investigated the accuracy of forecasted profits made by company management. In this study, we investigate the effect of nine variables on accuracy of management earnings forecasts for firms in Tehran Stock Exchange Market. These variables include Growth Profit, Growth Sale, Growth Assets, Past Forecasted Profit, Dividend, Company Size, Leverage, Stock’s Price and Industry. Accuracy is measured by forecast errors, absolute forecast errors, squared forecast errors and natural logarithm of squared forecast errors. Using a sample of 77 firms in Tehran Stock Exchange Market within 1379-1383 years, our findings on simple regression model show that there are relationships between growth profit, growth sale, growth assets, past forecast profit, But there aren’t leverage, stock’s price and accuracy of earnings forecasts relationships between dividend, company size and accuracy of earnings forecasts. In addition, the results of the results of multiple regression model show that there are relationships between growth profit, leverage and accuracy of earnings forecasts. |
| first_indexed | 2024-04-09T14:55:10Z |
| format | Article |
| id | doaj.art-3462feced3bd4383b999071b76735651 |
| institution | Directory Open Access Journal |
| issn | 2008-2428 2645-3606 |
| language | fas |
| last_indexed | 2024-04-09T14:55:10Z |
| publishDate | 2008-06-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله توسعه و سرمایه |
| spelling | doaj.art-3462feced3bd4383b999071b767356512023-05-02T06:50:20ZfasShahid Bahonar University of Kermanمجله توسعه و سرمایه2008-24282645-36062008-06-011112810.22103/jdc.2007.18841884The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange MarketMohammad Namazi (Ph.D)0Kazem Shamsoddini1Professor of Accounting, Shiraz University, Shiraz, Iran.M.A. of Accounting, Shiraz University, Shiraz, Iran.Forecasted profits provides important information for investors and other users of financial statements. In recent years, a large number of studies have investigated the accuracy of forecasted profits made by company management. In this study, we investigate the effect of nine variables on accuracy of management earnings forecasts for firms in Tehran Stock Exchange Market. These variables include Growth Profit, Growth Sale, Growth Assets, Past Forecasted Profit, Dividend, Company Size, Leverage, Stock’s Price and Industry. Accuracy is measured by forecast errors, absolute forecast errors, squared forecast errors and natural logarithm of squared forecast errors. Using a sample of 77 firms in Tehran Stock Exchange Market within 1379-1383 years, our findings on simple regression model show that there are relationships between growth profit, growth sale, growth assets, past forecast profit, But there aren’t leverage, stock’s price and accuracy of earnings forecasts relationships between dividend, company size and accuracy of earnings forecasts. In addition, the results of the results of multiple regression model show that there are relationships between growth profit, leverage and accuracy of earnings forecasts.https://jdc.uk.ac.ir/article_1884_49622ef5507d370db549ac1a440392d0.pdfforecast errors profitregression modeltehran stock exchange |
| spellingShingle | Mohammad Namazi (Ph.D) Kazem Shamsoddini The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market مجله توسعه و سرمایه forecast errors profit regression model tehran stock exchange |
| title | The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market |
| title_full | The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market |
| title_fullStr | The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market |
| title_full_unstemmed | The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market |
| title_short | The Investigation of the Impact of Effective Factors on Accuracy of Forecasted Profits Made By Firms’ Management In Tehran Stock Exchange Market |
| title_sort | investigation of the impact of effective factors on accuracy of forecasted profits made by firms management in tehran stock exchange market |
| topic | forecast errors profit regression model tehran stock exchange |
| url | https://jdc.uk.ac.ir/article_1884_49622ef5507d370db549ac1a440392d0.pdf |
| work_keys_str_mv | AT mohammadnamaziphd theinvestigationoftheimpactofeffectivefactorsonaccuracyofforecastedprofitsmadebyfirmsmanagementintehranstockexchangemarket AT kazemshamsoddini theinvestigationoftheimpactofeffectivefactorsonaccuracyofforecastedprofitsmadebyfirmsmanagementintehranstockexchangemarket AT mohammadnamaziphd investigationoftheimpactofeffectivefactorsonaccuracyofforecastedprofitsmadebyfirmsmanagementintehranstockexchangemarket AT kazemshamsoddini investigationoftheimpactofeffectivefactorsonaccuracyofforecastedprofitsmadebyfirmsmanagementintehranstockexchangemarket |