%0 Journal Article
	%A Ali Faal Ghayoumi and  Mahmoud Dehghan Nayeri and  Manouchehre Ansari and  Taha Raeesi
	%D 2011
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 54, 2011
	%T Value-Relevance of Accounting Information:Evidence from Iranian Emerging Stock Exchange
	%U https://publications.waset.org/pdf/15331
	%V 54
	%X This study aims to investigate empirically the valuerelevance
of accounting information to domestic investors in Tehran
stock exchange from 1999 to 2006. During the present research
impacts of two factors, including positive vs. negative earnings and
the firm size are considered as well. The authors used earnings per
share and annual change of earnings per share as the income
statement indices, and book value of equity per share as the balance
sheet index. Return and Price models through regression analysis are
deployed in order to test the research hypothesis. Results depicted
that accounting information is value-relevance to domestic investors
in Tehran Stock Exchange according to both studied models.
However, income statement information has more value-relevance
than the balance sheet information. Furthermore, positive vs. negative
earnings and firm size seems to have significant impact on valuerelevance
of accounting information.
	%P 830 - 835