تحقيقات حسابداري در جستجوي قيمت سهام

Accounting Researches: Search for Stock Price

This article reviews the validity of accounting researches in Iast Decade. The assumptions of these researches are based on complete and efficient market, which are not valid in Tehran stock market. The basic. Assumption of the equality of prices and values of stocks is not true. Therefore the researches should investigate the naive investors behaviors, the arbitrage process, and the government control on capital market. The Iran securities market is not efficient. The macro economic variables and government intervention in capital market are more relevant factors affecting on the prices of the securities. In such condition the normative approach may be more useful than the positive approach.