this paper compares the value relevance of book value and dividends versus book value and reported earnings. the main purpose of this study explains which of dividends, book value and earnings are more value relevance. thus, we have examined 98 firms of tehran stock exchange over a period 1377-1382. our methodology of examining the information content of various income statement and balance she...

This study examines the role of pre-IPO discretionary accruals in the valuation and first day initial returns of IPOs. We find that IPO offer price is unaffected whereas market closing price is positively associated with the levels of pre-IPO discretionary accruals for issuers with aggressively reported earnings. We also find that this relative over-valuation of managed earnings by the markets ...

This research investigates the impact of firms’ performance on share price over a multi year time frame from 2015 to 2019, sample 22 firms out 30, DS30 Index, Bangladesh. Firm’s (autonomous variable) are measured by earnings per share, return assets, equity, quick ratio, and net profit margin, whereas year-end is used as reliant variable. The Hausman test comparative analysis outputs pooled fix...

We examine the effects of rivals’ earnings news during the waiting period of an IPO’s going public process on IPO pricing and completion decision, and investigate the implication of these effects for post-IPO operating performance. We find that a signal-to-noise measure of rivals’ earnings news has significantly negative valuation effects on both price revision and initial return for completed ...

This study explores the empirical relationship between stock prices and financial ratios in Bahrain Stock Exchange specifically applied on institutions listed Bourse. The results of analysis varied as follows: earning per share, return assets equity have shown positive with share price, while price to earnings ratio Financial Leverage demonstrated negative price. Finally, firm’s size which is m...

Numerous authors have suggested that the price-earnings (P/E) ratio can be used to predict the future movement of stock prices. Such arguments are based on the belief that P/E ratios are mean-reverting. But are the S&P P/E ratios really mean reverting? A review of the literature finds arguments on both sides, but the issue of mean reversion has not been tested adequately. Using unit roots and m...

Considering the importance of decision- making in investment, this study prioritizes the accepted pharmaceutical companies in Tehran stock exchange, during 2013-2017 using the following criteria: the return on investment (ROI), reminded increment (RI), return on sales (ROS) and the earnings per share (EPS). Price per earnings ratio of each share (P/E), return on equity (ROE), return on assets (...