investigate investors confidence from rate of stability of accruals component in Tehran Stock Exchange

Document Type : Research Paper

Authors

1 - Department of Accounting Tarbiat Modarres University, Iran

2 Master of Accounting Tarbiat Modarres University, Iran

3 Accounting PhD student Tarbiat Modarres University, Iran

Abstract

The aim of this study is investigate perception ability investors from rate of stability of accruals component in comparision to the cash component in predictions of future earnings in Tehran Stock Exchange. For this purpose, first, stability of accruals earnings and its components (net working capital, non-current operating assets and financial assets) with cash earnings component has been compared and based of this comparision and the reaction of investors to this item, about the inexperienced investor hypothesis in Tehran Stock Exchange conclusion has been done.This study in the form of combined data with a sample of 142 firms in Tehran Stock Exchange in the period of 1382 to 1391 is implemented. Research findings indicate that stability of earnings accruals and their components is less than cash component, but investors due to inexperience, in prediction less stability accrual component compared to cash component are wrong. prove the existence of anomalies accruals ( accruals anomalously ) in the Iranian Capital Market in terms of scientifically,in stock valuation models will be effective.

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References

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