The Impact of Earning Management By Income Smoothing Approach on Stock Returns for Companies Listed at Damascus Securities Exchange
published by Aِl-Baath University
in 2016
in Business Management
and research's language is
العربية
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Abstract in English
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