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quarterly financial accounting journal 2020, 12(46): 99-74 Back to browse issues page
Analysis of the Relationship between Accounting Quality Information and Recency Bias on the Relation between Profitability and Stock Returns Emphasizing the Role of Government Ownership
Sedighe Kamranrad1, Roya Darabi 1, Ghodratollah Emamverdi2, Mahboobeh Jafari1
1- Islamic Azad University, South Tehran branch, Accounting department.
2- Islamic Azad University, Central Tehran branch, Economics department.
Abstract:   (673 Views)
Recency bias as one of a variety of behavioral phenomena, is been a while has entered into economic and financial discussions. Similar phenomena have been discussed in terms of content over and over again and its case in capital markets has been approved in some cases. In this situation, the vacancy of such topics in accounting issues is felt. Accordingly, this study tries to focus on the capital market mechanisms and using accounting information, investigate the role of accounting information quality and recency bias on the relationship between profitability and stock returns.
For this reason, the data from 101 listed firms in Tehran Stock Exchange during the period of 2008 to 2017 and data-based multivariate regression were used. The results showed that the accounting information quality criteria significantly changes the relationship of recency bias behavior on the basis of earnings per share with corporate stock returns.
 
Keywords: Behavioral Finance, Recency Bias, Accounting Information Quality, Stock Returns, Earnings Per Share.
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Type of Study: Research | Subject: Special
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Kamranrad S, Darabi R, Emamverdi G, Jafari M. Analysis of the Relationship between Accounting Quality Information and Recency Bias on the Relation between Profitability and Stock Returns Emphasizing the Role of Government Ownership. quarterly financial accounting journal. 2020; 12 (46) :99-74
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year 12, Issue 46 (2020) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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