This paper investigate Residual Earnings, Discounted cash flow and adjusted earnings methods for achieving fair value and comparing with value of companies on Initial public offering in Tehran stock exchange(TSE) . Research hypotheses have been tested by t-student, Wilcox on signed-rank and R-square (parametric or Nonparametric) Statistics. The conclusions of this research indicate, there isn’t a significant difference between fair value of companies based upon Residual earning procedure and average fair values of companies on Initial public offering, but there is a significant difference between estimated values by discounted cash flow and adjusted earning procedures comparison with average value of companies on initial public offering. Moreover, There isn’t a significant difference between fair values of companies based upon Residual earning and discounted cash flow and also discounted cash flow and adjusted earning procedures. In the other hand, there is a significant difference between fair value of companies based upon Residual earning and adjusted earning procedures.
Tariverdi, Y. & Daghani, R. (2010). Survey of the Residual Earnings, Discounted cash flow and Adjusted earning methods for achieving Fair value in Capital Market. (e21027). Accounting and Auditing Review, 17(1), e21027
MLA
Tariverdi, Y., & Daghani, R. "Survey of the Residual Earnings, Discounted cash flow and Adjusted earning methods for achieving Fair value in Capital Market" .e21027 , Accounting and Auditing Review, 17, 1, 2010, e21027.
HARVARD
Tariverdi, Y., & Daghani, R. (2010). 'Survey of the Residual Earnings, Discounted cash flow and Adjusted earning methods for achieving Fair value in Capital Market', Accounting and Auditing Review, 17(1), e21027.
CHICAGO
Tariverdi, Y. & Daghani, R., "Survey of the Residual Earnings, Discounted cash flow and Adjusted earning methods for achieving Fair value in Capital Market." Accounting and Auditing Review, 17 1 (2010): e21027,
VANCOUVER
Tariverdi Y., Daghani R. Survey of the Residual Earnings, Discounted cash flow and Adjusted earning methods for achieving Fair value in Capital Market. AAR. 2010;17(1):e21027 (In Persian).