Volume 8, Issue 30 (Spring 2020)                   IUESA 2020, 8(30): 39-50 | Back to browse issues page

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Karimi Khorami A, Zarae Sodani A, Aliahmadi S. Consequences of Economic Consequences Strategic Scheduling Announcing Management Profits. IUESA. 2020; 8 (30) :39-50
URL: http://iueam.ir/article-1-1412-en.html
1- Islamic Azad University, Isfahan (Khorasgan) Branch, Isfahan, Iran
2- Department of Accounting, Istamic Azad University, Falavarjan Branch, Isfahan, Iran , Zarealireza.cpa@gmail.com
3- Department of Accounting, Islamic Azad University, Isfahan (Khorasgan) Branch, Isfahan, Iran
Abstract:   (534 Views)
Corporates provide different dates for presenting information about financial status and future prospects of corporate to stockholders. Stockholders and stock market participants consider the information obtained from the corporate as good news or bad news and they react on this basis. In recent years, corporate programs have been considered by analysts and accounting researchers in order to maximize the positive reaction of the securities market to good performance of corporates and minimize inappropriate reaction to their negative performance. In this research, multivariate regression model was used to test the hypotheses. The statistical population was Tehran Stock Exchange corporates. After Sampling, 120 corporates were selected during the 2014-2017.According to the results, some managers change the timing to hide bad news. The obtained results showed that there is a direct relationship between the negative reports of earning prediction and its announcement time on holidays. This relationship is positive and significant statistically. Morever there is a direct relationship between the positive news reports of earning prediction and its announcement time on usual days (Exchange working days). Therefore, unusual accumulated profits have an economic consequence, and this shows that it can affect investorschr('39') decisions as a criterion.
Full-Text [PDF 436 kb]   (126 Downloads)    
Type of Study: Research | Subject: Special
Received: 2019/12/24 | Accepted: 2020/05/6 | Published: 2020/06/20

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