%0 Journal Article %T - %J Accounting and Auditing Review %I University of Tehran %Z 2645-8020 %D 2006 %\ 05/22/2006 %V 13 %N 1 %P - %! - %K Dividends %K Earning %K Fundamental Variables %K Shareholders’ Equity %K Stock Price %R %X The objective of this article is to investigate the usefulness of the four fundamental independent variables – shareholders’ equity, stock price, dividends, and operating earnings – on the annual operating earning growth rate (the dependent variable). The relevant data was collected for a five-year-period (1387-1382). To study the significance correlation, two relevant statistical models namely Multivariable Regression and Panel Data were employed. The hypothesis test result showed a significant correlation between the variables, with the exception of dividends. %U https://acctgrev.ut.ac.ir/article_18493_51bd26bab176a6582aa6d81661db6de8.pdf