during the last two decades, financial institutions worldwide have witnessed a lot of stress in managing their margins in wake of the new risks, challenges and increase in the competition posed to them by the factors of liberalization and deregulation. the key to create value and achieve competitive edge lies in the better operational efficiency and productivity of these institutions under such...

The main objective of this study was to investigate the effect of income smoothing on investors reaction to Earnings Persistence of companies listed on the Stock Exchange in Tehran. The population of the study was companies listed on the Stock Exchange in Tehran, the sample size due to screening method and after removing outliers is equal to 118 companies. In this study, earnings persistence an...

• EBITDA increased 23% in real terms during the third quarter to Ps.4.463 billion. In dollar terms, EBITDA grew 34% to US$477 million during the third quarter as compared to US$355 million during the same period a year ago. EBITDA, with respect to the CEMEX Group, equals operating income before amortization expense plus depreciation. Amortization of goodwill is not included in operating income,...

in this paper the ability of economic and accounting performance measures in explaining values of companies have been evaluated. economic value added, refined economic value added and market value added are as economic performance measures and net income, operating income and operating cash flows is considered as accounting performance measures. in order to data analyzing and testing the search...