The paper is presented one of the company's life cycle phases of separation methods by Dickinson (2010). In The method for the separation of life cycle of the company is used established patterns of positive and negative symptoms as Three-ply classes’ cash flow (operating, investing and financing). Allocating to each phase of enterprise life cycle cash flow patterns have been made through to the economic theories. The main purpose of this experimental study is evaluating and determining the correlation between the accounting values and market value of shares of stock companies and attempts to evaluate correlation between profitability criteria, criterion to assess the risk with stock price based on cash flow patterns according to previous studies such as Dickinson, Anthony and Ramesh (1992). Population of investigation is the company listed in the Tehran Stock Exchange from 1384 to 1391 and were analyzed on basis of both growth and decline in cash flow patterns. The research is used Correlation strategy, practical approach. The findings of show that variables of earnings per share, return on assets, return on equity, sales growth, the ratio of market value to book value of shares and financial leverage of companies that are in the early phase of their life cycle (growth) are stronger relationship than companies that are in the end of the life cycle (decline) with stock prices in the capital market in stock prices that resulting from cash flow patterns.
Namazi, M., Pakmaram, A., & Ghaderi, G. (2017). The Relationship between Profitability criteria and Risk With stock price Based on Cash Flow Patterns
(Case study: companies growing and declining). Accounting and Auditing Research, 9(33), 4-23.
MLA
Mohammad Namazi; Asgar Pakmaram; Ghodrat Ghaderi. "The Relationship between Profitability criteria and Risk With stock price Based on Cash Flow Patterns
(Case study: companies growing and declining)". Accounting and Auditing Research, 9, 33, 2017, 4-23.
HARVARD
Namazi, M., Pakmaram, A., Ghaderi, G. (2017). 'The Relationship between Profitability criteria and Risk With stock price Based on Cash Flow Patterns
(Case study: companies growing and declining)', Accounting and Auditing Research, 9(33), pp. 4-23.
VANCOUVER
Namazi, M., Pakmaram, A., Ghaderi, G. The Relationship between Profitability criteria and Risk With stock price Based on Cash Flow Patterns
(Case study: companies growing and declining). Accounting and Auditing Research, 2017; 9(33): 4-23.
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