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首页> 外文期刊>Research journal of applied science, engineering and technology >The Incremental Information Content of Income Smoothing in Firm Listed in Tehran Stock Exchange (TSE)
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The Incremental Information Content of Income Smoothing in Firm Listed in Tehran Stock Exchange (TSE)

机译：在德黑兰证券交易所（TSE）上市的公司收入平滑的增量信息内容

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This study aims at achieving the following objectives: examining the explanatory power of the income smoothing of future profitability, introducing evidence about the information content of income smoothing from the Iranian market and enriching the literature on income smoothing relationships in the capital market research. The study sample consists of (46) industrial companies listed in the Tehran Stock Exchange, during the period (2004-2011). Regression analysis is employed to examine the study's hypotheses (Four Models). Wald test and Adjusted-R2 was used to indicate the incremental information content for the study variables. The study found the following: 1. Current profitability predicts future profitability. 2. Income smoothing hasn't incremental information relative to current profitability when predicting future profitability. 3. Past profitability doesn't provide incremental information related to current profitability when predicting the future profitability. 4. Income smoothing hasn't incremental information content with respect to current and past profitability when predicting future profitability. These results mean that the lagged earnings is a good predictor to the future earnings and Iranian companies' managers can manipulate profitability trend in the future to achieve a target level in earnings by using income smoothing tools.
机译：这项研究旨在实现以下目标：检查未来获利能力的收益平滑的解释力，引入有关来自伊朗市场的收益平滑的信息内容的证据，并丰富资本市场研究中有关收益平滑关系的文献。该研究样本包括（46-）在此期间（2004-2011年）在德黑兰证券交易所上市的工业公司。回归分析用于检查研究的假设（四个模型）。使用Wald检验和Adjusted-R2表示研究变量的增量信息内容。该研究发现：1.当前的盈利能力可预测未来的盈利能力。 2.在预测未来获利能力时，收入平滑化没有相对于当前获利能力的增量信息。 3.过去的盈利能力在预测未来的盈利能力时不会提供与当前盈利能力有关的增量信息。 4.在预测未来获利能力时，收入平滑化没有关于当前和过去获利能力的增量信息内容。这些结果意味着，滞后的收益是未来收益的良好预测指标，伊朗公司的经理可以使用收益平滑工具来操纵未来的盈利趋势，以实现目标收益水平。

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