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Article Name : | | IMPACT OF EARNINGS PATTERNS ON STOCK PRICING AND EARNING QUALITY AN EMPIRICAL STUDY ON TEHRAN STOCK EXCHANGE | Author Name : | | Zahra Tahmooresi , Saeid Fereidouni | Publisher : | | Ashok Yakkaldevi | Article Series No. : | | GRT-3986 | Article URL : | | | Author Profile View PDF In browser | Abstract : | | In this study the relationship between earning patterns and stock pricing and earning quality of the listed firms in Tehran Stock Exchange (TSE) have been studied. Earning patterns include profit stability, earning predictability and income smoothing. Sample of the study involve 430 listed firms inTSE, bud due to limitations of the study 98 of them have been selected for the period of 1999 to 2009.Results show a significant relationship among pricing models, earning quality and earning patterns (stability and redictability), but there is no significant relationship among income smoothing and earning quality and pricing models. In this paper some models have been recommended to predict and measure the intrinsic value stock of listed firms in TSE. | Keywords : | | |
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