The comparing of short and long-term shareholder behavior influenced by information ambiguity and value relation of earning
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The information available in the capital market affects how shareholders interpret and respond to their long-term and short-term behavior in relation to financial information disclosed by corporations. Therefore, the purpose of this study is to compare the behavior of short- and long-term shareholders under the influence of information uncertainty and earnings value relationship. For this purpose, the present study was conducted with 87 sample companies in the period of 7 years from 2012 to 2018 through descriptive-correlational analysis with logistic test and Wong test. Taking into account the results of the tests and comparing the explanatory power and accuracy of each model, it can be said that at different levels of confidence they have appropriate and reliable reliability and there is a significant difference between the coefficients of determination of independent variables. has it. The results showed that the information ambiguity index (skewness of monthly stock returns) is superior to the long-term and short-term behavior of corporate shareholders.
Keywords:
Language:
Persian
Published:
Iranian Management Accounting Association, Volume:11 Issue: 42, 2022
Pages:
319 to 329
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