Study Information Content of Comprehensive income by Focusing on Firm Size Talebnia Ghodratollaha,*, Jaberzadeh Farhadb, Salehi Mehrdadc aAssociate Professor, PhD, Department of Accounting, Faculty of Management and Economic, Science and Research Branch, Islamic Azad University, Tehran, Iran bPhD Candidate, Department of Accounting, Khoram Abad Branch, Islamic Azad University, Khoram Abad, Iran cPhD candidate, Department of Accounting, Nourabad Mamasani Branch, Islamic Azad University, Nourabad Mamasani, Iran *Corresponding author:
Online published on 7 January, 2015. Abstract In this research, comprehensive income is regarded as a representative of income statement and assets volume is a representative of balance sheet as accounting items in relation with stock returns and in line with accounting theories of load sufficiency of profit information and the measured assets are evaluated in accounting system and it's identified whether the comprehensive income and assets volume are consistent with the information used in stock's measurement or not? The present research studies the relationship between accounting items and stock return as well as measurement of adjusting effect of firm size variable on the relationship of comprehensive income and stock return. The aforesaid research is sectional by descriptive-correlational method including sample information of the listed companies in Tehran Stock Exchange through 2011 consisting of 193 samples. Findings demonstrate the information content of the accounting items is as below: Assets volume>comprehensive income The findings suggest the necessity of comprehensive income of reporting. The general results from Likelihood-Ratio test (LR) indicate assets volume won't adjust the relationship between stock return and comprehensive income. Top Keywords Comprehensive income, assets volume, accounting information content. Top |