Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange
In this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.Th...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Shahid Bahonar University of Kerman
2016-11-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_1530_cb093570c1d86bc525f82e647d902222.pdf |
| _version_ | 1831561730519465984 |
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| author | Mehdi Baharmoghadam Seyyed Rasoul Hosseini |
| author_facet | Mehdi Baharmoghadam Seyyed Rasoul Hosseini |
| author_sort | Mehdi Baharmoghadam |
| collection | DOAJ |
| description | In this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.The data from a sample of 72 companies listed in the TSE, in the period 2003 to 2014, was used. The results of price levels regression showed that the headline earnings, in contrary to the headline earnings exclusions, have incremental value relevance. Also, the results of return levels regression, indicated that the headline earnings, in contrary to headline earnings exclusions, lack incremental value relevance. For relative value relevance, the test results of Vuong (1989) in price levels regression showed that the headline earnings have not relative value relevance more than basic earnings. This test in return levels regression showed that the headline earnings have relative value relevance more than basic earnings. |
| first_indexed | 2024-12-17T10:26:21Z |
| format | Article |
| id | doaj.art-eda92c58e1624c5195b6add8b25f20f5 |
| institution | Directory Open Access Journal |
| issn | 2008-8914 2476-292X |
| language | fas |
| last_indexed | 2024-12-17T10:26:21Z |
| publishDate | 2016-11-01 |
| publisher | Shahid Bahonar University of Kerman |
| record_format | Article |
| series | مجله دانش حسابداری |
| spelling | doaj.art-eda92c58e1624c5195b6add8b25f20f52022-12-21T21:52:39ZfasShahid Bahonar University of Kermanمجله دانش حسابداری2008-89142476-292X2016-11-0172673210.22103/jak.2016.15301530Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock ExchangeMehdi Baharmoghadam0Seyyed Rasoul Hosseini1دانشیار حسابداری، دانشگاه شهید باهنرکرماندانشجوی دکتری حسابداری، دانشگاه شهید باهنرکرمانIn this paper, headline earnings reporting and it’s value relevance components have been studied, using data from companies listed in the Tehran Stock Exchange (TSE). To test the relative and incremental value relevance, regressions for price and return levels within Ohlson (1995) model were used.The data from a sample of 72 companies listed in the TSE, in the period 2003 to 2014, was used. The results of price levels regression showed that the headline earnings, in contrary to the headline earnings exclusions, have incremental value relevance. Also, the results of return levels regression, indicated that the headline earnings, in contrary to headline earnings exclusions, lack incremental value relevance. For relative value relevance, the test results of Vuong (1989) in price levels regression showed that the headline earnings have not relative value relevance more than basic earnings. This test in return levels regression showed that the headline earnings have relative value relevance more than basic earnings.https://jak.uk.ac.ir/article_1530_cb093570c1d86bc525f82e647d902222.pdfpro forma earningsheadline earningsheadline earnings exclusionsvalue relevance |
| spellingShingle | Mehdi Baharmoghadam Seyyed Rasoul Hosseini Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange مجله دانش حسابداری pro forma earnings headline earnings headline earnings exclusions value relevance |
| title | Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange |
| title_full | Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange |
| title_fullStr | Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange |
| title_full_unstemmed | Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange |
| title_short | Study on Headline Earnings Reporting and It’s Value Relevance in Listed Companies in Tehran Stock Exchange |
| title_sort | study on headline earnings reporting and it s value relevance in listed companies in tehran stock exchange |
| topic | pro forma earnings headline earnings headline earnings exclusions value relevance |
| url | https://jak.uk.ac.ir/article_1530_cb093570c1d86bc525f82e647d902222.pdf |
| work_keys_str_mv | AT mehdibaharmoghadam studyonheadlineearningsreportinganditsvaluerelevanceinlistedcompaniesintehranstockexchange AT seyyedrasoulhosseini studyonheadlineearningsreportinganditsvaluerelevanceinlistedcompaniesintehranstockexchange |