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The Impact of Earning Management By Income Smoothing Approach on Stock Returns for Companies Listed at Damascus Securities Exchange

أثر إدارة الأرباح من خلال ممارسة تمهيد الدخل في عوائد أسهم الشركات المدرجة في سوق دمشق للأوراق المالية

1980   5   85   0 ( 0 )
 Publication date 2016
  fields Business Management
and research's language is العربية
 Created by Shamra Editor




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The aim of current research is to determine whether the earnings management by income smoothing approach has impact on stock returns for companies listed at Damascus Securities Exchange. The sample includes (14) listed companies for the period from the first quarter of 2011 until the fourth quarter of 2015. Eckel method is used to classify companies into two groups: smoother and nonsmoother companies.



References used
AHMED, A. & McMARTIN, A. 2013- Income Smoothing, Investor Risk Perceptions, and Stock Price Performance in Financial Crises. areas.kenan-flagler.unc.edu, 1-45
ALBRECHT, W. & RICGARDSON F. 1990- Income Smoothing by Economy Sector, Journal of Business Finance & Accounting, Vol.17, No.5, 713-730
ALI, A.; HWANG, L. & TROMBLEY, M. A., 2000- Accruals and Future Stock Returns: Tests of the Naive Investor Hypothesis, Journal of Accounting, Auditing & Finance, Vol.15, No.2, 161-181
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