Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange
Considering the important role of stock market in economic development, finding this fact that whether price increases is due to fundamental elements or not can help a country’s policy makers to direct the capital market to right direction.Therefore, this study investigates the existence of a certai...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2016-06-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_11472_d41d8cd98f00b204e9800998ecf8427e.pdf |
| _version_ | 1797378302712741888 |
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| author | مهسا فرخنده محمد حسن قلی زاده اسماعیل رمضانپور |
| author_facet | مهسا فرخنده محمد حسن قلی زاده اسماعیل رمضانپور |
| author_sort | مهسا فرخنده |
| collection | DOAJ |
| description | Considering the important role of stock market in economic development, finding this fact that whether price increases is due to fundamental elements or not can help a country’s policy makers to direct the capital market to right direction.Therefore, this study investigates the existence of a certain type of rational bubbles due to the fundamental elements which called rational intrinsic bubble during 1385 to 1392. Then in second phase this matter will be examine that if the earnings can predict future return regarding to intrinsic bubbles so for this purpose Vector Auto Regression model has been applied .Required data have been collected seasonally and calculated by using and Rahavard novin software, 65 companies selected as research samples and data has been analyzed by using Eviews7 .the analyzing results indicate that there are intrinsic bubbles in 15 companies which is due to changing of fundamental elements such as dividend. Also results indicate that in companies in which there is not any intrinsic bubbles,earning can predict future returns. |
| first_indexed | 2024-03-08T20:05:54Z |
| format | Article |
| id | doaj.art-3d4a9b092c7c42e3b3662ad8a84d8cce |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:54Z |
| publishDate | 2016-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-3d4a9b092c7c42e3b3662ad8a84d8cce2023-12-23T10:36:24ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192016-06-01135010.22054/qjma.2020.103.100611472Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchangeمهسا فرخنده0محمد حسن قلی زاده1اسماعیل رمضانپور2دانشگاه گیلاندانشگاه گیلاندانشگاه گیلانConsidering the important role of stock market in economic development, finding this fact that whether price increases is due to fundamental elements or not can help a country’s policy makers to direct the capital market to right direction.Therefore, this study investigates the existence of a certain type of rational bubbles due to the fundamental elements which called rational intrinsic bubble during 1385 to 1392. Then in second phase this matter will be examine that if the earnings can predict future return regarding to intrinsic bubbles so for this purpose Vector Auto Regression model has been applied .Required data have been collected seasonally and calculated by using and Rahavard novin software, 65 companies selected as research samples and data has been analyzed by using Eviews7 .the analyzing results indicate that there are intrinsic bubbles in 15 companies which is due to changing of fundamental elements such as dividend. Also results indicate that in companies in which there is not any intrinsic bubbles,earning can predict future returns.https://qjma.atu.ac.ir/article_11472_d41d8cd98f00b204e9800998ecf8427e.pdfrational expectationsefficiency market hypothesisfundamentalsintrinsic bubblevector auto regressive (var) |
| spellingShingle | مهسا فرخنده محمد حسن قلی زاده اسماعیل رمضانپور Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange مطالعات تجربی حسابداری مالی rational expectations efficiency market hypothesis fundamentals intrinsic bubble vector auto regressive (var) |
| title | Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange |
| title_full | Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange |
| title_fullStr | Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange |
| title_full_unstemmed | Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange |
| title_short | Investigating Causing Relation earning per share and Future Return to Existing Rational Intrinsic Bubble of Listed Companies in Tehran Stock Exchange |
| title_sort | investigating causing relation earning per share and future return to existing rational intrinsic bubble of listed companies in tehran stock exchange |
| topic | rational expectations efficiency market hypothesis fundamentals intrinsic bubble vector auto regressive (var) |
| url | https://qjma.atu.ac.ir/article_11472_d41d8cd98f00b204e9800998ecf8427e.pdf |
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