Pouretemadi, Mahjoubeh, Gorganli Davaji, Jomadoordi, Bokharaeian Khorasani, Maryam, Saeidi, Parviz. (1401). Policies to gain investors' confidence in relation to unexpected profits with the moderating role of historically low profit management (experimental evidence: Iran's capital market). , 4(1), 243-271. doi: 10.48308/jep.4.1.243
Mahjoubeh Pouretemadi; Jomadoordi Gorganli Davaji; Maryam Bokharaeian Khorasani; Parviz Saeidi. "Policies to gain investors' confidence in relation to unexpected profits with the moderating role of historically low profit management (experimental evidence: Iran's capital market)". , 4, 1, 1401, 243-271. doi: 10.48308/jep.4.1.243
Pouretemadi, Mahjoubeh, Gorganli Davaji, Jomadoordi, Bokharaeian Khorasani, Maryam, Saeidi, Parviz. (1401). 'Policies to gain investors' confidence in relation to unexpected profits with the moderating role of historically low profit management (experimental evidence: Iran's capital market)', , 4(1), pp. 243-271. doi: 10.48308/jep.4.1.243
Pouretemadi, Mahjoubeh, Gorganli Davaji, Jomadoordi, Bokharaeian Khorasani, Maryam, Saeidi, Parviz. Policies to gain investors' confidence in relation to unexpected profits with the moderating role of historically low profit management (experimental evidence: Iran's capital market). , 1401; 4(1): 243-271. doi: 10.48308/jep.4.1.243

Policies to gain investors' confidence in relation to unexpected profits with the moderating role of historically low profit management (experimental evidence: Iran's capital market)

International Journal of New Political Economy
مقاله 10، دوره 4، شماره 1، 2023، صفحه 243-271    اصل مقاله (409.02 K)
نوع مقاله: Original Article
شناسه دیجیتال (DOI): 10.48308/jep.4.1.243
نویسندگان
Mahjoubeh Pouretemadi1؛ Jomadoordi Gorganli Davaji* 2؛ Maryam Bokharaeian Khorasani1؛ Parviz Saeidi1
1Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran
2Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran (Corresponding Author) (gorganli@aliabadiau.ac.ir)
چکیده
The fact that the past feelings and behaviors of company managers affect investors, and assessing its impact on the capital market, paves the way for managers and investors to make opportunistic choices. The purpose of this study is to investigate the relationship between past earnings management and earning investor trust using financial information related to companies listed on the stock exchange during the period 1394 to 1399. For this purpose, multivariate linear regression methods based on panel data and fixed effects methods have been used. The results of this study show that companies 'unexpected earnings do not have a significant effect on earning investors' trust and the impact of the company's low earning management in the past has not affected this relationship. However, stock prices have reacted negatively and significantly to earnings, and companies' past low earnings management has moderated this effect. In other words, it can be said that earnings management in the past reduces the stock price response to earnings announcements.
کلیدواژه‌ها
Earning Management؛ Unexpected earning؛ Earning Investor Trust؛ Investors' reaction
مراجع
آمار
تعداد مشاهده مقاله: 409
تعداد دریافت فایل اصل مقاله: 615