skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Feedback of Stock Price Information on the Earnings Management in Companies listed in Stock Exchange: Managerial Learning Hypothesis

فصلنامه بورس اوراق بهادار, 2020-11, Vol.13 (51), p.28-52 [Peer Reviewed Journal]

ISSN: 2228-5431 ;EISSN: 2820-9893 ;DOI: 10.22034/jse.2021.10659.0

Full text available

Citations Cited by
  • Title:
    Feedback of Stock Price Information on the Earnings Management in Companies listed in Stock Exchange: Managerial Learning Hypothesis
  • Author: Mandana Taheri ; GHOLAMREZA KARAMI
  • Subjects: accrual-based earnings management ; announcements ; earnings management based on actual activities ; managerial learning hypothesis ; stock price
  • Is Part Of: فصلنامه بورس اوراق بهادار, 2020-11, Vol.13 (51), p.28-52
  • Description: In efficient markets, the release of announcements and news is effective in stock prices and the price is valuable information. Hayek has defined price as the point where information has been gathered for decision or access to knowledge associated with the decision-making problem through the price. Based on this view, the hypothesis of efficient markets has been raised that it, flow of information from inside to outside company affects shareholders' decision making, but based on managerial learning hypothesis there are flow of information from outside to Inside Company, where managers learn about price information and this learning affects decision making and company management activities. In this paper, the effect of the price on the behavior of earnings management was investigated by reviewing 623 data from 89 firms listed in Stock Exchange for the period of 7 years from 2009 to 2015. The results show that the price is effective on the behavior of earning management and Its relation with profit management based on accruals is significant and  negative And with earnings management based on actual activities, significant and positive. Also, each per share, size, percentage of institutional stakeholder's concentration, asset returns and leverage ratio have been effective on the behavior of earning management.
  • Publisher: Securities Exchange
  • Language: Persian
  • Identifier: ISSN: 2228-5431
    EISSN: 2820-9893
    DOI: 10.22034/jse.2021.10659.0
  • Source: DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait