AN INVESTIGATION OF THE RELATIONSHIP BETWEEN CHANGES OF BALANCE SHEET ITEMS AND STOCK FUTURE OUTPUT: IRANIAN VIEW

Abstract

The present study investigates
analytically the relation between changes of balance
sheet items and stock future output of listed companies
in Tehran Stock Exchange. Since, one of these
informative sources which are available for investors
and creditors and financial analysts are fiscal lists of
companies and in principle one of the main instrument
as final output of accounting process and financial
reporting, so the research aims to predict the stock
output changes by investigating the balance sheet
items.
Along with the subject, six hypotheses are
postulated and the kind of research method is
correlation during 2005-2010. The results show that
changes of fixed assets and also shareholders
emolument have influence on the future exchange
output. Nevertheless, the determination coefficients in
the following model were low. This reveals that
independent coefficient in the model have a weak
relation with the future exchange output.
Consequently, there is a meaningful relationship
between balance sheet and listed companies in Tehran
Stock Exchange.