آمار
| تعداد نشریات | 50 |
| تعداد شمارهها | 2,079 |
| تعداد مقالات | 19,525 |
| تعداد مشاهده مقاله | 22,880,880 |
| تعداد دریافت فایل اصل مقاله | 21,118,421 |
Corporate Profitability and its Connection to Liquidity Growth and Stock Return | ||
| International Journal of Finance & Managerial Accounting | ||
| دوره 8، شماره 31، آذر 2023، صفحه 117-130 اصل مقاله (538.4 K) | ||
| نوع مقاله: Original Article | ||
| شناسه دیجیتال (DOI): 10.30495/ijfma.2022.66066.1810 | ||
| نویسندگان | ||
Negar Khosravipour  1؛ katayoon tafreshirad2
| ||
| 1Assistant Professor, Department of Accounting, Faculty of Economics and Accounting, Islamic Azad University, Tehran Central Branch, Iran | ||
| 2PhD Candidate, Department of Accounting, Faculty of Economics and Accounting, Islamic Azad University, Tehran Central Branch, Iran | ||
| چکیده | ||
| The study of profit information content has a wide range of theoretical and practical foundations for the academics and professionals in the field of accounting and management, to conduct scientific research to fill the gaps. Consequently, in the present study, the information content was examined for the profitability of companies listed on the Tehran Stock Exchange as the research population, during a time period of 5 years from 1393 to 1397. Using a systematic elimination method, among all listed companies on the Tehran Stock Exchange at the beginning of 1398, 128 companies having the desired conditions were selected to be explored as the research sample. Using a Quantile Regression Model, the results showed different indicators: A) The quarters analyzed, showed a significant relationship between changes in Stock Return and future Profitability, but it was negative only in the first quarter, and positive, in the sub-sequent quarters studied. B) All analyzed quarters, showed a significant relationship between the economic variable of Liquidity Growth and future Profitability, but it was positive in the 1st quarter, and negative in the sub-sequent quarters. | ||
| کلیدواژهها | ||
| information content؛ corporate profitability؛ stock return؛ liquidity؛ TSEO | ||
| مراجع | ||
|
Arafat, S. I. (2016). Pengaruh kurs, inflasi, BI rate, dan indeks Dow Jones terhadap Indeks Harga Saham Gabungan (IHSG) di BEI periode 2013-2015. Bandung: Undergraduate Thesis, Widyatama University. • Ball and Brown (1968), The Evolution of capital Market Research over the Past 50 Years, .American accounting Association .Volume 89, Issue 1. • Bars and Landsman, (2008)..Journal of Accounting Research Vol. 46, No. 3 (Jun., 2008), pp. 467-498 • Beaver, (1972). College year books Universities and colleges--Periodicals. Vol. 66. • Bjork, Gordon J. (1999). The Way It Worked and Why It Won't: Structural Change and the Slowdown of U.S. Economic Growth. Westport, CT; London: Praeger. • Fama, F. (1981). “Stock Returns, Real Activity, Inflation, and Money”. American Economic Review. 71: pp.545-565. • Hashemi, S., Motalebian, M. (2013). The investigation of relationship between unusual operating cash flows and stock return of listed companies in Tehran stock exchange. Accounting and Auditing Studies, 2(5), 42-57. • Hooshyari, N., & Moghanloo, A. P. (2015). Evaluating the impact of inflation on profitability of banks. Kuwait Chapter of the Arabian Journal of Business and Management Review, 4(9), 19–23. • Huang, Chia-Hui. & Hou, Tony Chieh-Tse (2019), Innovation, research and development, and firm profitability in Taiwan: Causality and determinants, International Review of Economics & Finance, Volume 59, 385-394. • Kodadi, S. (2009). Investigating the Relationship between Operating Cash Flow and Liquidity Ratios with Stock Returns in Companies Listed on the Tehran Stock Exchange. Journal of Vacuum Science & Technology B: Microelectronics and Nanometer Structures Processing, Measurement, and Phenomena 1(1). pp 60- 75 • Mehrani, S. & Mehrani, K. (2003). The relationship between profitability ratios and stock returns in the Tehran Stock Exchange. Acounting and Auditing Surveys. 10(33). pp 93 - 105 • Mufidhoh, U., Andriyanto, I., & Haerudin, H. (2017). Analysis Pengaruh Inflasi, Suku Bunga, Dan Nilai Tukar Terhadap Kinerja Bank Syariah BUMN (Period 2014-2017). MALIA: Journal of Islamic Banking and Finance, 1(1). • Murni, A. (2016). Ekonomika Makro. Bandung: PT Refika Aditama. • Needles, B. E.; Powers, M. (2013). Principles of Financial Accounting. Financial Accounting Series (12 ed.). Cengage Learning. • Nguyen, T. N. L., & Nguyen, V. C. (2020). The Determinants of Profitability in Listed Enterprises: A Study from Vietnamese Stock Exchange. The Journal of Asian Finance, Economics and Business, 7(1), 47–58. • Pourmehr M, Sepehrdoust H, Naziri M K. (2019) Impact of Macroeconomic and Management Quality Variables on the Profitability of Private Banks; Using Structural Panel VAR Approach. Journal of Economic Modeling Research. 9 (34) :201-254 • Sadka, & Sadka, (2006). Momentum and post-earnings-announcement drift anomalies: The role of liquidity risk. Journal of Financial Economics, 2006, vol. 80, issue 2, 309-349 • Safdar, I. (2018). The Information Content of Aggregate Profitability. The British Accounting Review, Forthcoming Available at SSRN: https://ssrn.com/abstract=3170109 • Susyana, F. I., & Nugraha, N. M. (2021). Pengaruh Net, Return on Assets, dan Current Ratio Terhadap Pertumbuhan Laba. JEMPER (Journal Ekonomi Manajemen Perbankan), 3(1) • Tafreshirad, K. & Khosravipour, Z. (2021). Examining the information content in the 130 / Corporate Profitability and its Connection to Liquidity Growth and Stock Return Vol.8 / No.31 / Autumn 2023 profitability of accepted companies in Tehran Stock Exchange. Journal of accounting and Auditing. No 50. Pp. 145-162 [in Persian] • Tafreshirad, K. (2020). Examining the content of information available on profitability in Firms listed in Tehran Stock Exchange. Unpublished Doctoral Dissertation. Islamic Azad University, Tehran-Markaz Branch. • Tripathi, V. (2014). Relationship between Inflation and Stock Returns -Evidence from BRICS markets using Panel Co integration Test. International Journal of Accounting and Financial Reporting. 4 | ||
|
آمار تعداد مشاهده مقاله: 15 تعداد دریافت فایل اصل مقاله: 26 |
||
