Relationship between quality of earning and abnormal stock return of companies accepted in Mumbai Stock Exchange
Journal Title: International Journal of Finance and Managerial Accounting - Year 2016, Vol 1, Issue 2
Abstract
In this research, role of accruals in elaboration of quality of earning of the companies accepted in Mumbai Stock Exchange has been studied and relationship between quality of earning through accruals and its constituents and abnormal stock return has been studied. The studied sample includes 35 companies in group A of Mumbai Stock Exchange in 2009-2013.Fordata analysisandhypothesistesting multiple linear regression model based on panel data has been used with Estimated Generalized Least Square (EGLS) with eviews and stata software and results of the research indicate that there is direct and significant relationship between accruals and abnormal stock return. There is also direct and significant relationship between discretionary accruals and abnormal stock return and non- discretionary accruals and abnormal stock return
Authors and Affiliations
Akbar Rahimipoor, Mehrnoosh Ebrahimi
Improvement of Users' Perception of Corporate Social Responsibility: Visualization of Financial Statements
Nowadays a major portion of our information about various subjects is obtained through images .This study tries to look at corporates' financial reports with a new perspective. Using images together with numbers and figu...
Investigating Bhattacharya Hypothesis about the Effect of Dividend Signal on Information Asymmetry Risk: An Earnings Transparency Approach
Information asymmetry in stock market can increase the risk of investment which in turn increases the capital cost of firms. Bhattacharya (1979) proposed a hypothesis that states dividend can act as a powerful signal in...
Explaining the Role of Management Accounting Information System in Strategy Formulation with Actors Network Approach
The real challenge of business environment is derived from a situation where organizations need to find opportunities on how to introduce ideas and new products to market that provide future earnings stream. Management a...
Detecting Corporate Financial Fraud using Beneish M-Score Model
Detecting financial fraud is an important issue and ignoring this issue may cause financial and non-financial losses to individuals and organizations. The aim of this study is to test the ability of Beneish M-Score Model...
Explaining the Mutual Relationship between Board Gender Diversity and Corporate Social Responsibility using the Simultaneous Equations System
One of the issues that have gained a lot of attention in recent years is the board gender diversity. Many researchers believe that gender diversity in the board reinforces corporate social responsibility and on the other...