American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.1, No.3, Jun. 2015, Pub. Date: May 18, 2015
The Effect of Comprehensive Income and Net Income on Firm Performance: Tehran and KualaLumpur Stock Exchanges
Pages: 200-206 Views: 2020 Downloads: 823
Authors
[01] Seyedhossein Naslmosavi, Accounting Department, Islamic Azad University, Qaemshahr Branch, Qaemshahr, Iran.
[02] Mohammad Ghorban Mehri, Ghorveh Branch, Islamic Azad University, Ghorveh, Iran.
[03] Hamid Ebrahimpour, Accounting Roozbehan Higher Education Institute, Sari, Iran.
[04] Mohammad Ali ShahiAzar, Accounting Roozbehan Higher Education Institute, Sari, Iran.
Abstract
The main purpose of the present study is to investigate the effect of comprehensive income and net income on the performance of firms in Tehran and Kuala Lumpur stock exchanges. This study aims to discover whether the firms in Tehran stock exchange show any difference between comprehensive income and net income in their performances or the firms in Kuala Lumpur stock exchange. The study has used 891 firms from Tehran and Kuala Lumpur stock exchanges from 2002to 2011, and net income and comprehensive income per share have been used as independent variables and return on equity and average market price per share have been used as dependent variables. The results indicate that there is a significant difference between the firm performance and the comprehensive income per share which is more significant in the firms in Tehran stock exchange rather than in the firms in Kuala Lumpur stock exchange. Furthermore, there is a significant positive difference between the firm performance and the comprehensive income per share and between the price and the net income per share which is more significant in the firms in Kuala Lumpur stock exchange rather than in the firms in Tehran stock exchange. The results indicate that the performance of the firms in KualaLumpur stock exchange is more liable to the comprehensive income and the net income rather than the performance of the firms in Tehran stock exchange.
Keywords
Tehran and Kuala Lumpur Stock Exchanges, Comprehensive Income, Net Income, Firm Performance
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