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:: year 9, Issue 34 (9-2017) ::
quarterly financial accounting journal 2017, 9(34): 71-101 Back to browse issues page
Market Transaction Characteristics and Pricing Effect of Accounting Valuation Models
Majid Meyzari Hormozabadi 1, Rahmatalah Naderi Beni * 2
1- masters student Islamic Azad University, mobarakeh branch
2- Coach Islamic Azad University, mobarakeh branch
Abstract:   (1563 Views)

The aim of this study was to compare the valuation models accounting from the perspective of market trading and price-making in companies listed on the Tehran Stock Exchange. The study sample consisted of 104 active company stock during the period 1388-1394. In this study the effect of different pricing valuation models Ohlson (1995), Zhang (2000) and traditional models earnings per share were determined using Wong. The results showed no significant difference between the explanatory power of these models and the models created on the basis of earnings per share, higher than the explanatory power of residual income. The results showed that by increasing the ratio of price to earnings valuation models increased explanatory power, while increasing the volume of stock trading, the explanatory power of the Ohlson model and the traditional model increases. These findings indicate that the ratio of price to earnings and stock trading volume has been adequately reflect reflection of market liquidity. Understanding these factors can help to improve pricing and to determine the intrinsic value of company stock and will be effective.

Keywords: Value of the company, Earnings per share, Accounting valuation models, Stock trading volume, The ratio of price to earnings
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Type of Study: Research | Subject: Special
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Meyzari Hormozabadi M, Naderi Beni R. Market Transaction Characteristics and Pricing Effect of Accounting Valuation Models. quarterly financial accounting journal. 2017; 9 (34) :71-101
URL: http://qfaj.ir/article-1-1109-en.html


year 9, Issue 34 (9-2017) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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