Investigating the Predictability of Sales and Costs Using Financial Statement Items of Companies Listed in Tehran Stock Exchange

African Journal of Business Management Vol. 5(26), pp. 10834-10840, 28 October, 2011

7 Pages Posted: 4 Mar 2013

See all articles by Azam Jari

Azam Jari

Islamic Azad University (IAU)

Arezoo Aghaei Chadegani

Islamic Azad University; University Kebangsaan Malaysia

Date Written: March 3, 2011

Abstract

The main purpose of business entities is earning income and the most important factor in survival of business entities is sales revenue. Thus, the forecasting of sales and costs of business entities become an important issue. The aim of this study is to investigate the ability of financial statement items in forecasting sales and costs of companies listed in Tehran Stock Exchange (TSE). To test the research hypotheses, 89 companies from five industries (auto and auto parts, food and drinks, metals, pharmaceutical and chemical) had been selected through cluster sampling. For analyzing and testing hypotheses, two regression models and panel data method were used. Research results show that forecasting sales and costs of companies listed on TSE is possible using financial statement items.

Keywords: forecasting sales and expenses, Tehran Stock Exchange, cluster sampling, profit organization

Suggested Citation

Jari, Azam and Aghaei Chadegani, Arezoo and Aghaei Chadegani, Arezoo, Investigating the Predictability of Sales and Costs Using Financial Statement Items of Companies Listed in Tehran Stock Exchange (March 3, 2011). African Journal of Business Management Vol. 5(26), pp. 10834-10840, 28 October, 2011, Available at SSRN: https://ssrn.com/abstract=2227605

Azam Jari

Islamic Azad University (IAU) ( email )

Hamedan, Iran
Iran
Tehran, Isfahan 461-15655
Iran

Arezoo Aghaei Chadegani (Contact Author)

University Kebangsaan Malaysia ( email )

Malaysia

Islamic Azad University ( email )

Tehran
Iran

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
44
Abstract Views
470
PlumX Metrics