Title of article :
Identifying and Ranking Factors Affecting Earnings Response Coefficient
Author/Authors :
Mousavi ، Mohsen Department of accounting - Islamic Azad University, Kashan Branch , Arabzadeh ، Meysam Department of Accounting - Islamic Azad University, Kashan Branch , Alipoor ، Mohamad Department of accounting - Islamic Azad University, Khalkhal Branch , Faraji ، Omid faculty of management and accounting, College of Farabi - University of Tehran , Farzinfar ، Aliakbar Department of accounting - Islamic Azad University, Kashan Branch
Abstract :
One of the most critical questions after financial statements is why market responses differ from companies with almost similar statements. This research aims to answer this question by identifying factors affecting the earnings response coefficient. In this research, all of these factors were identified, classified, and ranked for the first time in Iran. The researchers carried out the research using Fuzzy Delphi in two phases, and Shannon’s Entropy was done. The cross-sectional method was used, and the data were collected over several weeks. The statistical population included 40 experts who have been active in the Iranian capital market for many years. The results revealed that 46 factors directly influence the earnings response coefficient in Iran. Finally, these factors were classified into five categories: the company’s financial features and financial reporting, the company’s market share, auditing quality, corporate governance, and environmental factors, then ranked with the aid of Shannon’s Entropy.
Keywords :
Financial reports , Earnings Response Coefficient , Investors’ Behavior , Capital market response
Journal title :
Iranian Journal of Accounting, Auditing and Finance (IJAAF)
Journal title :
Iranian Journal of Accounting, Auditing and Finance (IJAAF)
