Vahedian, Meysam, Masih Abadi, Abu Al Ghasem, Shorvarzi, Mohammad Reza, Mehrazin, Alireza. (1400). The effect of investors’ sentiment on accuracy, timely disclosure and revised management frequency in earnings forecast (evidence from Tehran Stock Exchange). هنرهای کاربردی, 12(Special Issue), 203-216. doi: 10.22075/ijnaa.2021.23148.2483
Meysam Vahedian; Abu Al Ghasem Masih Abadi; Mohammad Reza Shorvarzi; Alireza Mehrazin. "The effect of investors’ sentiment on accuracy, timely disclosure and revised management frequency in earnings forecast (evidence from Tehran Stock Exchange)". هنرهای کاربردی, 12, Special Issue, 1400, 203-216. doi: 10.22075/ijnaa.2021.23148.2483
Vahedian, Meysam, Masih Abadi, Abu Al Ghasem, Shorvarzi, Mohammad Reza, Mehrazin, Alireza. (1400). 'The effect of investors’ sentiment on accuracy, timely disclosure and revised management frequency in earnings forecast (evidence from Tehran Stock Exchange)', هنرهای کاربردی, 12(Special Issue), pp. 203-216. doi: 10.22075/ijnaa.2021.23148.2483
Vahedian, Meysam, Masih Abadi, Abu Al Ghasem, Shorvarzi, Mohammad Reza, Mehrazin, Alireza. The effect of investors’ sentiment on accuracy, timely disclosure and revised management frequency in earnings forecast (evidence from Tehran Stock Exchange). هنرهای کاربردی, 1400; 12(Special Issue): 203-216. doi: 10.22075/ijnaa.2021.23148.2483

The effect of investors’ sentiment on accuracy, timely disclosure and revised management frequency in earnings forecast (evidence from Tehran Stock Exchange)

International Journal of Nonlinear Analysis and Applications
دوره 12، Special Issue، اسفند 2021، صفحه 203-216    اصل مقاله (343.96 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22075/ijnaa.2021.23148.2483
نویسندگان
Meysam Vahedian1؛ Abu Al Ghasem Masih Abadi* 1؛ Mohammad Reza Shorvarzi2؛ Alireza Mehrazin2
1Department of Accounting, Neishabour Branch, Islamic Azad University, Neishabour, Iran
2Department of Accounting, Neishabour Branch, Islamic Azad University, Neishabour, Iran.
چکیده
When the behavioral characteristics of manager working at a healthy organization are examined, the most important issue that is clearly observed in the behavior of managers is their reactions to the market behaviors. Identifying the factors affecting the managers’ behavioral characteristics in forecasting companies’ earnings and analyzing them will improve the decision-making of users applying the information disclosed by managers. Since the investors’ sentiment has been proven to be an effective and powerful component in the market, the aim of the present study is to investigate the role of investors’ sentiment on managers’ behavioral characteristics (accuracy, timely disclosure and revision frequency) in earnings forecast. In order to achieve the research objectives, as many as 76 companies listed on Tehran Stock Exchange during the years 2009 to 2018 have been investigated using multivariate regression models, panel data and R software. The results of the present study showed during the aforementioned period when investors’ sentiment was at a high level, managers’ accuracy in forecasting earnings increased, while timely disclosure of earnings by managers as well as the number of revisions in projected earnings has decreased.
کلیدواژه‌ها
Investors’ Sentiments؛ Accuracy؛ Timeliness؛ Revise؛ Earnings Forecast
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