Univrsity Of Tehran Press Accounting and Auditing Review 2645-8020 23 4 2017 02 19 Investigating the Relationship between Accounting Ratios and Skewness of Stock Return to Explain the Growth and Value Stocks Anomaly Investigating the Relationship between Accounting Ratios and Skewness of Stock Return to Explain the Growth and Value Stocks Anomaly 461 482 60855 10.22059/acctgrev.2017.60855 FA Shokrollah Khajavi Prof. in Accounting, Faculty of Management, Economic and Social Sciences, Shiraz University, Shiraz, Iran Ali Faal Ghaumi Ph.D in Accounting, Shiraz University, Shiraz, Iran Journal Article 2016 06 26 This research aims to explain the growth and value stocks anomaly by the relationship between accounting ratios and skewness of stock return distribution. Then, the data of 89 companies listed in the Tehran Stock Exchange are collected and analyzed for 2009 to 2013. Furthermore, the fixed effect panel data method is used to examine the hypothesis. The results show that there is a negative and significant relationship between skewness and book to market ratio. This reveals the information content of financial statement ratios in Tehran Stock Exchange. Moreover, the skewness affects on difference between growth and value stock return. However, due to lack of growth and value stocks anomaly in the research sample, results isn’t (is not) supported empirical model This research aims to explain the growth and value stocks anomaly by the relationship between accounting ratios and skewness of stock return distribution. Then, the data of 89 companies listed in the Tehran Stock Exchange are collected and analyzed for 2009 to 2013. Furthermore, the fixed effect panel data method is used to examine the hypothesis. The results show that there is a negative and significant relationship between skewness and book to market ratio. This reveals the information content of financial statement ratios in Tehran Stock Exchange. Moreover, the skewness affects on difference between growth and value stock return. However, due to lack of growth and value stocks anomaly in the research sample, results isn’t (is not) supported empirical model https://acctgrev.ut.ac.ir/article_60855_199c6dfaf477a1c6a6416b95ad8681a0.pdf