Impact of Investments of Institutional Shareholders and Forecast Error Per-Share Earnings and Dividends the Cumulative Abnormal Return

Document Type : Original Article

Authors

1 M.A. in Accounting, Parandak Institute of Higher Education

2 Associate Professor, Accounting Department, Economic and Accounting Faculty, Tehran centeral Branch, Islamic Azad University, Tehran, Iran

Abstract

This paper examines the impact of investments institutional shareholders and forecast error per-share earnings and dividends The cumulative abnormal return(CAR),In order to do this research sample of 123 companies listed on Tehran Stock Exchange on 5 year period(1390-1394) were selected For hypothesis test be used of multiple variable regression and their meaning done by F and T. and, for model self-cohesiveness be used of Durbin-Watson test. The results of this study show that there is a significant negative relationship between Investments of institutional shareholders and cumulative abnormal return and there is a significant positive correlation the forecast error earnings per share and cumulative abnormal return and there is not significant relationship the forecast error dividend and cumulative abnormal return.

Keywords

Accounting and Auditing Research
Volume 11, Issue 41
April 2019
Pages 183-198

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