Relationship between Asset Revaluation and Stock Price Fluctuations and Analysis of Shareholder Behavior
Subject Areas :امیرعباس صاحبقرانی 1 , هادی سجلاتی 2
1 - گروه حسابداری،دانشکده علوم مالی،دانشگاه خوارزمی،تهران،ایران
2 - گروه حسابداری،دانشکده علوم مالی،دانشگاه خوارزمی،تهران،ایران
Keywords: Fair Value, Stock Price Fluctuations, Key words: Asset Revaluation, Shareholder Behavior,
Abstract :
Abstract Necessity of the research because one of the shortcomings of historical cost is the lack of reflection of the day value of assets in inflationary conditions, which will affect the capital market. And analysis of shareholder behavior. The statistical population is all companies listed on the Tehran Stock Exchange, taking into account the information close to the research time, in the period from 1395 to 1398. Data collection is used from Rahavard and Kadal sites. Final data analysis is also performed using Eviews10 software. The results show that there is a direct relationship between revaluation and fluctuations in the company's stock price and this relationship is positive so that in the capital market by performing the revaluation process, the risk of price impact as a price increase from the revaluation process. Be it officially or as a rumor or news item, in these cases it often has a psychological atmosphere and a positive effect. There is no significant relationship between revaluation and stock price fluctuations of companies with net losses and between revaluation and stock price fluctuations of companies with high trading volume. Due to the current increase in inflation in the country and the up-to-dateness of the issue of revaluation among capital market residents, various companies are working in this direction, which is an important issue. Also, the effect of revaluation on the price and the news through which it affects the stocks of companies, causes users, investors, creditors and shareholders to have different behaviors towards it.
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