Investigating the Effect of Internal Rate of Return on Cash Re-cycling on the Abnormal Returns of Companies Accepted in Tehran Stock Exchange
Subject Areas : Financial MathematicsBahareh Mohammadtalebi 1 , Mitra Mohammad talebi 2 , Mohammad Jahangiri 3 , Mahtab Eshghiaraghi 4
1 - Islamic Azad University Arak Branch
2 - Department of accounting, Arak Branch, Islamic Azad University, Arak ,Iran
3 - Deputy Director of Education, Research and Planning, General Directorate of Technical and Professional Training in Markazi Province
4 - Department of Executive Management, Arak Branch, Islamic Azad University, Arak, Iran
Keywords:
Abstract :
[1] Aboody, D., Hughes, J. and Liu, J., Measuring value relevance in a (possibly) inefficient market, Journal of Accounting Research, 2002, 40(4), P. 965-986.
[2] Barth, M.E., Cram, D. and Nelson, K., Accruals and the prediction of future cash flows, The Accounting Review,2014,74(6), P. 27-58.
[3] Beaver, W, Financial Reporting: An Accounting Revolution, Prentice-Hall, Englewood Cliffs, NJ.2013.
[4] Bernard, V.L., Accounting-based valuation methods, determinants of market-to-book ratios, and implications for financial statement analysis, working paper, University of Michigan, Ann Arbour, MI.2015.
[5] Chung, K., Ghicas, D. and Pastena, V, Lender’s use of accounting information in the oil and gas industry, The Accounting Review, 2016,6(8), P. 885-895.
[6] Dechow, P.M, Accounting earnings and cash flows as measures of firm performance: the role of accounting accruals, Journal of Accounting and Economics, 2013, 18(1), P. 3-42.
[7] DeFond, M.L. and Hung, M, An empirical analysis of analysts’ cash flow forecasts, Journal of Accounting and Economics, 2010, 35(2), P.73-100.
[8] Gordon, L.A. and Hamer, M.M., Rates of return and cash flow profiles: an extension, The Accounting Review, 1988, 63(3), P. 514-521.
[9] Griner, E.H. and Stark, A.W. ,Cash recovery rates, accounting rates of return and the estimation of
economic performance, Journal of Accounting and Public Policy,1988, 7(4), P. 293-312.
[10] Griner, E.H. and Stark, A.W., On the properties of measurement error in cash recovery rate based estimates of economic performance, Journal of Accounting and Public Policy, 2009.
[11] Ijiri, Y., Cash-flow accounting and its structure, Journal of Accounting, Auditing and Finance,1987, 1(4), P. 341-348.
[12] Ijiri, Y., Convergence of cash recovery rate, in Ijiri, Y. and Whinston, A. (Eds), Quantitative Planning and Control, Academic Press, New York, NY,2011, P. 259-267.
[13] Jacobson, R, The validity of ROI as a measure of business performance, American Economic Review, 2015,77 (3), P. 470-478.
[14] Jennings, R., A note on interpreting incremental information content, The Accounting Review,2014, 6(5) P. 925-932.
[15] Landsman, W.R. and Shapiro, A.C, Tobin’s Q and the relation between accounting ROI and economic return, Journal of Accounting, Auditing and Finance,1995, 10(1), P. 103-120.
[16] Lee, T. A., and A. W. Stark. Ijiri's cash flow accounting and capital budgeting. Accounting and Business Research, 1987, 17(66), P. 125-131.
[17] Salamon, G.L., On the validity of accounting rates of return in cross section analysis: theory, evidence, and implications, Journal of Accounting and Public Policy,1988, 7(4), P. 267-292.
[18] Stauffer, T.R., The measurement of corporate rates of return: a generalized formulation, Bell Journal of Economics and Management Science,2007, 2(2), P. 434-469.
[19] Steiger, J.H, Tests for comparing elements of a correlation matrix, Psychological Bulletin, 2015,87(3), P. 245-251.
[20] Subramanyam, K.R. and Venkatachalam, M., Earnings, cash flows, and ex post intrinsic value of equity, The Accounting Review,2016, 82(2), P. 457-481.
[21] Wernerfelt, B. and Montgomery, C.A., Tobin’s Q and the importance of focus in firm performance, American Economic Review,1988, 78(1), P. 246-250.