The Effect of Using Fair Value Approach on Performance Prediction in Investment Companies
محل انتشار: مجله مالی ایران، دوره: 5، شماره: 2
سال انتشار: 1400
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 140
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شناسه ملی سند علمی:
JR_IJFIFSA-5-2_001
تاریخ نمایه سازی: 24 فروردین 1401
چکیده مقاله:
One of the most fundamental factors in pricing and evaluating the performance of companies is their profitability and profit is used as a basis for predicting the future performance of companies. Therefore, an accurate profit prediction is really crucial and decisive. There are various approaches to this prediction. The first approach would be calculating profit according to accounting standards by using historical cost and the second, calculating profit according to fair value. In this circumstance, this question arises that whether fair values are used instead of historical cost, would it lead to a more accurate and better prediction of the company's future performance?The purpose of this study is to investigate the effect of using the fair value in calculating profits on the performance of investment companies with the help of benchmarking international financial reporting standards for small and medium-sized units.This research uses the data of ۹۵ companies listed on the Tehran Stock Exchange, whose activity is an investment, from ۲۰۱۵ through ۲۰۱۹ and compares the predictability of fair value-based profits with the profit based on accounting standards in predicting the company's operating cash flows and future profits. The data is first collected in Excel software, then the research variables are calculated and finally, research models are tested and analyzed by Eviews۱۰.The results show that fair value-based profit has no greater ability to predict the performance of investment companies in comparison to profit based on Iranian accounting standards.
کلیدواژه ها:
Fair Value ، Performance Prediction ، Quality ، International Financial Reporting Standards ، Small and Medium-sized Entities
نویسندگان
Roohollah Seddighi
Assistant Prof., Department of Accounting, Faculty of Management and Accounting, Allameh Tabataba&#۰۳۹;i University, Tehran, Iran.
Ali Ghasemi
MSc, Department of in Accounting, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
Mohammad Mehdi Momenzadeh
MA in Auditing, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
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