Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle
Intrinsic value of a company depends on its financial and investment decisions. Companies with different investment opportunities are priced different in the market. The set of investment opportunities of companies are influenced by their current status in their life cycle.In this study, based on da...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2012-09-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_1134_2dc49da46a1b8cfe6b472d290ed0ad4d.pdf |
| _version_ | 1797378350431338496 |
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| author | Mona Abednazari Iraj Noravesh Ebrahim Ebrahimi |
| author_facet | Mona Abednazari Iraj Noravesh Ebrahim Ebrahimi |
| author_sort | Mona Abednazari |
| collection | DOAJ |
| description | Intrinsic value of a company depends on its financial and investment decisions. Companies with different investment opportunities are priced different in the market. The set of investment opportunities of companies are influenced by their current status in their life cycle.In this study, based on data from a sample of Tehran Stock Exchange listed companies during the period of 1385 to 1389, relationship between investment opportunities and earnings in according to corporate life cycle were examined.Results showed that there is a significant relationship between investment opportunities and earnings response coefficients. The results showed that the explanatory power of relationship between earnings and investment opportunities in companies differs with their life cycle stages. The companies that are in the growth phase of the life cycle, the relationship between earnings and investment opportunities is stronger than the companies that are in the recession phase of the life cycle. |
| first_indexed | 2024-03-08T20:06:37Z |
| format | Article |
| id | doaj.art-eaef82a76de14599b78cb6fb706ca197 |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:06:37Z |
| publishDate | 2012-09-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-eaef82a76de14599b78cb6fb706ca1972023-12-23T10:35:26ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192012-09-0110391471661134Relationship between Investment Opportunities and Earnings in according to Companies Life CycleMona Abednazari0Iraj Noravesh1Ebrahim Ebrahimi2دانشگاه آزاد -واح علوم تحقیقاتدانشگاه تهراندانشگاه تهرانIntrinsic value of a company depends on its financial and investment decisions. Companies with different investment opportunities are priced different in the market. The set of investment opportunities of companies are influenced by their current status in their life cycle.In this study, based on data from a sample of Tehran Stock Exchange listed companies during the period of 1385 to 1389, relationship between investment opportunities and earnings in according to corporate life cycle were examined.Results showed that there is a significant relationship between investment opportunities and earnings response coefficients. The results showed that the explanatory power of relationship between earnings and investment opportunities in companies differs with their life cycle stages. The companies that are in the growth phase of the life cycle, the relationship between earnings and investment opportunities is stronger than the companies that are in the recession phase of the life cycle.https://qjma.atu.ac.ir/article_1134_2dc49da46a1b8cfe6b472d290ed0ad4d.pdfinvestment opportunitiesearnings response coefficientscorporate life cycle |
| spellingShingle | Mona Abednazari Iraj Noravesh Ebrahim Ebrahimi Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle مطالعات تجربی حسابداری مالی investment opportunities earnings response coefficients corporate life cycle |
| title | Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle |
| title_full | Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle |
| title_fullStr | Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle |
| title_full_unstemmed | Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle |
| title_short | Relationship between Investment Opportunities and Earnings in according to Companies Life Cycle |
| title_sort | relationship between investment opportunities and earnings in according to companies life cycle |
| topic | investment opportunities earnings response coefficients corporate life cycle |
| url | https://qjma.atu.ac.ir/article_1134_2dc49da46a1b8cfe6b472d290ed0ad4d.pdf |
| work_keys_str_mv | AT monaabednazari relationshipbetweeninvestmentopportunitiesandearningsinaccordingtocompanieslifecycle AT irajnoravesh relationshipbetweeninvestmentopportunitiesandearningsinaccordingtocompanieslifecycle AT ebrahimebrahimi relationshipbetweeninvestmentopportunitiesandearningsinaccordingtocompanieslifecycle |