ارتباط بين سود برآوردي هر سهم و سود مصوب هر سهم و عوامل موثر بر اين رابطه در شركت هاي پذيرفته شده در بورس اوراق بهادار تهران

The Relationship between Forecasted Earnings Financial Studies per Share and Approval Earnings per Share Vol.3 , No.6 and effective factors on this relation in Listed Summer 2010 Companies in Tehran security Exchange

The aim of this study is the investigating the relationship between forecasted earnings per share and approval earnings per share and effective factors on this relation in listed companies in TSE. Period duration of the study was 2004-2009 and 973 year-company selected as sample. The econometrics software (EViews 6) applied for analyzing the data. Findings show that Dividend per share (DPS) and forecasted earnings per share variables had the strong positive and significant relation with approval earnings per share (AEPS), and bigger companies were of lower AEPS, however, the HISTORY of company had positive relation with AEPS but this relation wasnʹt significant statistically. Results show that HISTORY and SIZE variables donʹt improve the relationship between FEPS and AEPS, but DPS variable has improved the relation about 13%, however, high strong and negative relation between SIZE (Ln(Issued Stock numbers)) and AEPS represents low return from capital because of lack suitable opportunities for investing or disability of managers in detecting these opportunities.