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The relationship between information content of depreciation and abnormal return and future benefits in manufacturing companies in Tehran Stock Exchange (TSE)

Author

Listed:
  • Reza Zare

    (Accounting Department, Islamic Azad University, Marvdasht Branch , Marvdasht, Iran)

  • Farzad Farzanfar

    (Accounting Department, Islamic Azad University, Marvdasht Branch , Marvdasht, Iran)

  • Hoda Jourkesh

    (Accounting Department, Islamic Azad University, Marvdasht Branch , Marvdasht, Iran)

Abstract

In present study by virtue of the importance of the fiscal statement contents and illiquid items ignored by the merchant thedepreciation contents relation with abnormal return of the shares and future benefits are examined in order to influence the itemsunder consideration of the investors to take related decisions; 94 companies were selected from the accessible universe in five years (2006-2010) to have the data necessary for the study in order to achieve the goal & with the base of keeping attention tothe manufacturing & nonmanufacturing companies in the whole industries of stock market except banks & insurance companies. The simple and multivariable regression statistical techniques Chow and Hausman Test were used to test the hypotheses. The significant test was conducted for the paradigms by using the ‘F’ and ‘T’ statistics. The study findings show local high inflation have affection on the both variable results & makes no relation for first variable,for future benefits shows parallel movements.

Suggested Citation

  • Reza Zare & Farzad Farzanfar & Hoda Jourkesh, 2013. "The relationship between information content of depreciation and abnormal return and future benefits in manufacturing companies in Tehran Stock Exchange (TSE)," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 2(1), pages 11-20, January.
    • Handle: RePEc:rbs:ijfbss:v:2:y:2013:i:1:p:11-20
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    Cited by:

    1. Ieva Kozlovska, 2015. "The impact of long-lived non-financial assets depreciation/amortization method on financial statements," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 4(2), pages 91-108.

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