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To the expansion of capital markets, the role of performance measures in firms’ performance reflection also has been bolded by their information content. In this middling, researchers have considered the competition between two group of performance measures, that is, traditional measures and value-b...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2004-12-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_10487_c83cec15514ad3b0c877febfe8ef94df.pdf |
| _version_ | 1830281983766298624 |
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| author | دکتر ایرج نوروش مهدی حیدری |
| author_facet | دکتر ایرج نوروش مهدی حیدری |
| author_sort | دکتر ایرج نوروش |
| collection | DOAJ |
| description | To the expansion of capital markets, the role of performance measures in firms’ performance reflection also has been bolded by their information content. In this middling, researchers have considered the competition between two group of performance measures, that is, traditional measures and value-based measures, in justifying stated firms performance. In this research, firstly, We want to show that in the selected industries, cash value added(CVA) in explaining annual stock return relative to operating profit(OP) and operating cash flow(OCF) is superior then, We will examine reasons and conditions made firms performance in each industry is good or bad The time period and number of samples respectively is 1378-1382,110 company in four industry: Nutrition, Chemical, Automobile and nonmetal minerals.
Current research results show:
1. the among four industry, two industry performance of Automobile and non- metal minerals were good, and in level of the selected firms totals is too. 2. by the exception of Chemical and Automobile industries, the existence of significant relation between cash value added and annual stock return, in other industries and in level of the selected firms’ totals verified |
| first_indexed | 2024-12-19T02:29:21Z |
| format | Article |
| id | doaj.art-d4ba0c2baf4e4104b1c99233b8b0f69c |
| institution | Directory Open Access Journal |
| issn | 2645-8020 2645-8039 |
| language | fas |
| last_indexed | 2024-12-19T02:29:21Z |
| publishDate | 2004-12-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | بررسیهای حسابداری و حسابرسی |
| spelling | doaj.art-d4ba0c2baf4e4104b1c99233b8b0f69c2022-12-21T20:39:45ZfasUniversity of Tehranبررسیهای حسابداری و حسابرسی2645-80202645-80392004-12-0111410487-دکتر ایرج نوروشمهدی حیدریTo the expansion of capital markets, the role of performance measures in firms’ performance reflection also has been bolded by their information content. In this middling, researchers have considered the competition between two group of performance measures, that is, traditional measures and value-based measures, in justifying stated firms performance. In this research, firstly, We want to show that in the selected industries, cash value added(CVA) in explaining annual stock return relative to operating profit(OP) and operating cash flow(OCF) is superior then, We will examine reasons and conditions made firms performance in each industry is good or bad The time period and number of samples respectively is 1378-1382,110 company in four industry: Nutrition, Chemical, Automobile and nonmetal minerals. Current research results show: 1. the among four industry, two industry performance of Automobile and non- metal minerals were good, and in level of the selected firms totals is too. 2. by the exception of Chemical and Automobile industries, the existence of significant relation between cash value added and annual stock return, in other industries and in level of the selected firms’ totals verifiedhttps://acctgrev.ut.ac.ir/article_10487_c83cec15514ad3b0c877febfe8ef94df.pdfAnnual Stock ReturnCash Value Added (CVA)Operating Cash Flow (OCF)Operating Profit (OP)performance measurementRelative Information Content |
| spellingShingle | دکتر ایرج نوروش مهدی حیدری - بررسیهای حسابداری و حسابرسی Annual Stock Return Cash Value Added (CVA) Operating Cash Flow (OCF) Operating Profit (OP) performance measurement Relative Information Content |
| title | - |
| title_full | - |
| title_fullStr | - |
| title_full_unstemmed | - |
| title_short | - |
| title_sort | |
| topic | Annual Stock Return Cash Value Added (CVA) Operating Cash Flow (OCF) Operating Profit (OP) performance measurement Relative Information Content |
| url | https://acctgrev.ut.ac.ir/article_10487_c83cec15514ad3b0c877febfe8ef94df.pdf |