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The Dynamics of Accounting Information in Stock Valuation: An Industry-Based Analysis

Mohammad Amri-Asrami; Mohammad-Ali Aghaei

Volume 21, Issue 1 , May 2017, , Pages 29-63

Abstract
  Industrial groups have interactions within and outside groups. In this paper, twelve industrial groups of companies listed in Tehran Stock Exchange are reviewed in order to evaluate linear information dynamics. Conservatism measures of “ratio of sum of price to sum of book value” and “mean ...  Read More