The interaction effect of earnings persistence and financial statement comparability on earnings predictability and pricing efficiency of accruals

This study aims to examine the interaction effect of earnings persistence and the financial statement comparability on the earnings predictability and the pricing efficiency of accruals. Establishing a balance between the qualitative characteristics of information with earnings persistence and financial statement comparability is possible and leads to an increase in the overall quantity and quality of information of a company in the industry. For this purpose, ۱۰۵ companies were selected from the companies listed on the Tehran Stock Exchange from ۲۰۱۲-۲۰۲۰. The multiple regression model using panel data has been used to test the research hypotheses. The findings show that earnings persistence has a positive and significant effect on the pricing efficiency of accruals. However, earnings persistence does not significantly affect earnings predictability. Moreover, the interaction term of earnings persistence and comparability has a positive effect on the pricing efficiency of accruals, but the interaction term of earnings persistence and comparability has no significant effect on the earnings predictability.

کلیدواژه ها:

Financial statement comparability ، Pricing Efficiency of Accruals ، Earnings Predictability ، Earnings Persistence