The investigating Response of Investors to Aspect of Accruals, Investment
One of the efficient capital market assumptions is that rational investors react to new information, but experimental results indicate that the type of reaction to new information published is different and in some cases is not completely rational. In other words, people affected by psychological an...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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University of Tehran
2010-11-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_21682_ff657e3d4da7a92d00d498f1023088ba.pdf |
| _version_ | 1811299175197835264 |
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| author | Hanid Haghighat Aliakbar Iranshahi |
| author_facet | Hanid Haghighat Aliakbar Iranshahi |
| author_sort | Hanid Haghighat |
| collection | DOAJ |
| description | One of the efficient capital market assumptions is that rational investors react to new information, but experimental results indicate that the type of reaction to new information published is different and in some cases is not completely rational. In other words, people affected by psychological and behavioral factors may show different reactions and cause some abnormalities, including increased too much or less than is price. The purpose of this study was to evaluate the reaction of investors to Accruals which is creating Accrual anomaly in market. The statistical study included all the accepted companies in Tehran Stock Exchange for during the period 1999-2007. collectively we conclude that in the market there is Accrual anomaly and these resualt support the view that the accrual anomaly is attributable to the fundamental investment information contained in accruals. |
| first_indexed | 2024-04-13T06:32:15Z |
| format | Article |
| id | doaj.art-c4853e7b43e44a489b34a816995542a8 |
| institution | Directory Open Access Journal |
| issn | 2645-8020 2645-8039 |
| language | fas |
| last_indexed | 2024-04-13T06:32:15Z |
| publishDate | 2010-11-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | بررسیهای حسابداری و حسابرسی |
| spelling | doaj.art-c4853e7b43e44a489b34a816995542a82022-12-22T02:58:07ZfasUniversity of Tehranبررسیهای حسابداری و حسابرسی2645-80202645-80392010-11-0117321682The investigating Response of Investors to Aspect of Accruals, InvestmentHanid Haghighat0Aliakbar Iranshahi1استادیار گروه حسابداری دانشگاه بین المللی امام خمینی(ره)، ایرانکارشناس ارشد حسابداری دانشگاه بین المللی امام خمینی(ره)، ایرانOne of the efficient capital market assumptions is that rational investors react to new information, but experimental results indicate that the type of reaction to new information published is different and in some cases is not completely rational. In other words, people affected by psychological and behavioral factors may show different reactions and cause some abnormalities, including increased too much or less than is price. The purpose of this study was to evaluate the reaction of investors to Accruals which is creating Accrual anomaly in market. The statistical study included all the accepted companies in Tehran Stock Exchange for during the period 1999-2007. collectively we conclude that in the market there is Accrual anomaly and these resualt support the view that the accrual anomaly is attributable to the fundamental investment information contained in accruals.https://acctgrev.ut.ac.ir/article_21682_ff657e3d4da7a92d00d498f1023088ba.pdfAccrual anomalyAccrualsInvestmentreaction of investors |
| spellingShingle | Hanid Haghighat Aliakbar Iranshahi The investigating Response of Investors to Aspect of Accruals, Investment بررسیهای حسابداری و حسابرسی Accrual anomaly Accruals Investment reaction of investors |
| title | The investigating Response of Investors to Aspect of Accruals, Investment |
| title_full | The investigating Response of Investors to Aspect of Accruals, Investment |
| title_fullStr | The investigating Response of Investors to Aspect of Accruals, Investment |
| title_full_unstemmed | The investigating Response of Investors to Aspect of Accruals, Investment |
| title_short | The investigating Response of Investors to Aspect of Accruals, Investment |
| title_sort | investigating response of investors to aspect of accruals investment |
| topic | Accrual anomaly Accruals Investment reaction of investors |
| url | https://acctgrev.ut.ac.ir/article_21682_ff657e3d4da7a92d00d498f1023088ba.pdf |
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