TY  - JOUR
T1  - Analysis of Forecasted Earning Characteristics’ Affects on Earnings
Response Coefficient of Companies Listed in Tehran Stock Exchange
AU - Nikbakht, Mohammad Reza AU - Fazel, Mehdi Mohammadi 
JO  - International Business Management
VL  - 10
IS  - 11
SP  - 2308
EP  - 2316
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.2308.2316
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.2308.2316
KW  - Earnings forecast issuance frequency
KW  -Earnings forecast issuance frequency
KW  -earnings forecast type
KW  -earnings forecast horizon
KW  -earnings response coefficient
AB  - One of the most efficient ways where managers can convey their expectations to the capital market
is Earnings Per Share (EPS) forecast issuance. The main purpose of this research is to investigate the effect of
management forecast properties on the companies admitted to Tehran Stock Exchange. It was conducted during
7 consecutive years from 2009-2015 and the collected data from 104 of such companies was analyzed. According
to the findings, precision or accuracy, type and horizon of the forecasted earning affected the future earnings
response coefficient of the statistic sample companies during the research. Hence, it seems that capital market
activists have the capacity to comprehend and apply EPS forecasts to investment decision-making patterns.
Furthermore, the results indicate the insignificance of EPS forecast issuance frequency. Concerning this
issuance frequency of the predicted EPS may not be considered as related data for the investors.
ER  -