ARTICLE
TITLE

Investigating the Relationship between Management Earnings Forecasts and Information Asymmetry in Companies Listed in Tehran Stock Exchange

SUMMARY

Decision making base participants in the securities markets is the information that the stock exchange, issuers of securities listed on stock exchanges and intermediaries active in this market will be published. Taking advantage of this information and in other words, proper decision making in the securities market is possible when the above information timely, relevant, important, complete and understandable as well. On the other hand, kind of access to information is important. If the data transmission is unequal and asymmetric, it occur between people can lead to different results than a single issue. This study investigates the relationship between earnings management forecast and information asymmetry in firms listed in the Tehran Stock Exchange that in order to do this a main hypotheses and four secondary hypothesis was considered whether there is relationship between management earnings forecasts (forecast accuracy, forecast reliability, forecast error, number of earnings forecast) and information asymmetry?  According to the assumptions and spatial domain (which includes companies listed on the Stock Exchange of Tehran) and the period (years 2008-2013), data from the data contained in the of Novin Rahavard software and reports and financial statements of listed companies in Tehran Stock Exchange by visiting the official website of Tehran Stock Exchange were collected. To test the hypothesis test, Pearson correlation, multiple regression analysis and Durbin-Watson test, Fisher exact test, normality and errors and t-test was used. The results indicate that the relationship between numbers of times the earnings forecast and information asymmetry, but there is any relationship between the accuracy of earnings forecasts; credit earnings forecast, earnings forecast error and information asymmetry. 

 Articles related

Somaye Pour Abbas    

Schema& marital satisfaction among 25 to 45 years-old couples in Salmas city. The sample size of this research was 200 (100 men & 100 women) who have been chosen through random sampling. Two questionnaires i.e. Young schema questionnaire (Short form of 7... see more


Maryam Shafiei,Bakhtiar Javaheri    

The purpose of this study is investigating the Relationship between Accounting Conservatism with Earnings Quality and Stock Price in Corporations of Accepted in Tehran Stock Exchange in during time 2011-2015.this current research in terms of purpose, it ... see more


Erdinç Koç, Seda Isgüzar    

Service innovation has become increasingly important in recent years due to the competitive advantage it provides to companies operating in the service industry. Therefore, it is necessary to understand the factors that affect service innovation. In the ... see more


J Manivannan , Santhosh Loganathan, Kamalanabhan T J, Satyanarayana N. Kalidindi    

The construction industry has long been recognized as a stressful industry, due to its complexity and management of a large number of stakeholders. Occupational stress causes a negative impact on both the work and personal life of professionals. Previous... see more


Hyunji Kang    

Multiple citizenship was once thought to signify disloyalty to the nation-state and threaten the sovereign international system, hence considered an aberration that should be limited. However, International Relations is in the process of reconceptualisin... see more