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Do Based-Market Data predict Stock Return Better than Accounting Data? The Case of Tehran Stock Exchange (TSE)
International Business and Management
View Archive Info| Field | Value | |
| Title |
Do Based-Market Data predict Stock Return Better than Accounting Data? The Case of Tehran Stock Exchange (TSE)
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| Creator |
Goodarzi, Arash
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| Subject |
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Stock return; Market data; Accounting data finance, econometrics |
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| Description |
Investors seek factors determining the stock return and use them to predict the future stock return. This paper examines and compares the strength of accounting data (Firm Size, Return on Equity, Return on Assets, profit margin ratio, Financial Leverage ratio) versus based-market data (Price to Earnings ratio, book to market ratio and Dividend yield) in explaining and determining stock return of companies listed in Tehran Stock Exchange during 2004-2014. Analysis show accounting data have significant relationship with stock return when market data omitted. But by entering market data and accounting data in model together, their determining power is decreased generally.
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| Publisher |
Canadian Research & Development Center of Sciences and Cultures
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| Contributor |
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| Date |
2017-04-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article panel data regression model |
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| Format |
application/pdf
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| Identifier |
http://www.cscanada.net/index.php/ibm/article/view/8083
10.3968/8083 |
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| Source |
International Business and Management; Vol 14, No 2 (2017): International Business and Management; 1-7
1923-8428 1923-841X |
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| Language |
eng
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| Relation |
http://www.cscanada.net/index.php/ibm/article/view/8083/pdf
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| Coverage |
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— companies listed in Iraian Stock Exchang, |
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| Rights |
Copyright (c) 2017 International Business and Management
http://creativecommons.org/licenses/by/4.0 |
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