Explain the Relationship Between Profit Forecasts by Management and Investors to Evaluate the Accrual of Investment Funds in the Capital Market in Iran

Abstract

Today, due to the expansion of economic activities, development of financial markets and capital markets investment boom, especially Stock Exchange by natural and legal persons, the most important tool to make the right decisions and gain expected and optimum use of financial resources, access to which was based on the theory Hausman test and F been done. The aim of this study was to evaluate the relationship between management earnings forecast by 3 index variability of returns, distribution errors of prediction Forecast earnings per share earnings per share of accruals in the fund and investors assessed that the 60 companies listed on the Tehran Stock Exchange which is separately tested and evaluated through regression .significant investment relationship was confirmed.

Keywords: Variability of returns ، Profit forecasts، Per share earnings forecast، Investment appraisal accruals