The Effect of Ownership Structure on Value Relevance of Accounting Information: An Empirical Evidence from Iran

Authors

  • leila sedighikamal Islamic azad university

Abstract

The purpose of this paper is to investigate the impact of ownership structres on value relevance of book value, earnings and cash flows in security prices given by firms listed in Tehran Stock Exchange (TSE) in Iran for the period  from 2004 to 2014. The study basically use Feltham and Ohlson (1995) valuation model. The empirical results of the paper indicate that First , earning per share, book value and cash flows are  value relevant, while Second , book value is the most value relevant variable and cash flows have more value relevance than earning per share in all samples. Third , incremental value relevance of book value, earnings per share and cash flows is greater in private – owned firms than in state-owned firms

References

Published

2014-11-03

Issue

Vol. 3 No. 06 (2014)

Section

Articles

License

COPYRIGHT AGREEMENT AND AUTHORSHIP RESPONSIBILITY

 

All paper submissions must carry the following duly signed by all the authors:

“I certify that I have participated sufficiently in the conception and design of this work and the analysis of the data (wherever applicable), as well as the writing of the manuscript, to take public responsibility for it. I believe the manuscript represents valid work. I have reviewed the final version of the manuscript and approve it for publication. Neither has the manuscript nor one with substantially similar content under my authorship been published nor is being considered for publication elsewhere, except as described in an attachment. Furthermore I attest that I shall produce the data upon which the manuscript is based for examination by the editors or their assignees, if requested.”

How to Cite