International Journal of Business Analytics and Intelligence

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Corporate Governance and Management Earning Forecast: The Case of Tehran Stock Exchange


Affiliations
1 Department of Accounting, Science and Research Branch, Islamic Azad University, West Azarbyjan, Iran, Islamic Republic of
2 Department of Accounting, Urmia Branch, Islamic Azad University, Urmia, Iran, Islamic Republic of
     

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The purpose of this study is to find the ways to increase management earning forecast preciseness. Corporate governance is regarded as a tool for this purpose. However, this study examines the relation between some components of the corporate governance mechanisms (outside board of director, institutional ownership, duality, auditor quality, firm's age, and firm's ranking in organisation of industrial management) and accuracy of earning forecast by management. The sample of study consists of 53 companies listed in Tehran Stock Exchange during the years of 2007-2012. To test research Hypothesis, multiple linear regression models are used. Research findings indicate that outside board of director, audit quality and firm's age have positive impact and duality, institutional ownership, corporate ranking in organisation of industrial management have no impact on accuracy of earnings forecast.

Keywords

Corporate Governance, Management Earning Forecast and Tehran Stock Exchange.
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  • Corporate Governance and Management Earning Forecast: The Case of Tehran Stock Exchange

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Authors

Snor Khosh Bakht
Department of Accounting, Science and Research Branch, Islamic Azad University, West Azarbyjan, Iran, Islamic Republic of
Saeid Jabbarzadeh Kangarlouei
Department of Accounting, Urmia Branch, Islamic Azad University, Urmia, Iran, Islamic Republic of
Morteza Motavassel
Department of Accounting, Science and Research Branch, Islamic Azad University, West Azarbyjan, Iran, Islamic Republic of

Abstract


The purpose of this study is to find the ways to increase management earning forecast preciseness. Corporate governance is regarded as a tool for this purpose. However, this study examines the relation between some components of the corporate governance mechanisms (outside board of director, institutional ownership, duality, auditor quality, firm's age, and firm's ranking in organisation of industrial management) and accuracy of earning forecast by management. The sample of study consists of 53 companies listed in Tehran Stock Exchange during the years of 2007-2012. To test research Hypothesis, multiple linear regression models are used. Research findings indicate that outside board of director, audit quality and firm's age have positive impact and duality, institutional ownership, corporate ranking in organisation of industrial management have no impact on accuracy of earnings forecast.

Keywords


Corporate Governance, Management Earning Forecast and Tehran Stock Exchange.

References