The Impact of Changes in Deferred Revenues on Future Financial Performance

Articles in Press

Document Type : Research Paper

Authors

Department of Accounting, Faculty of Management and Accounting, Allameh Tabataba'i University, Iran.

10.22103/jak.2025.25125.4164

Abstract

Objective: The present research aims to study and examine the impact of changes in deferred revenues on various indicators of financial performance.
 
Method: The present research consists of two parts: examining the impact of changes in deferred revenues on various indicators of future financial performance and investigating the possibility of forming a portfolio of stocks using changes in deferred revenues to achieve returns exceeding the average market return. The statistical population of this research includes all companies listed on the Tehran Stock Exchange for the years 1391 to 1402, resulting in a total of 101 companies (1,212 year-company observations) after screening. The analysis of the first part of the research was conducted using regression models after ensuring the stationarity of the variables and performing the F-Limer and Hausman tests. For the execution of the second part, an independent t-test was conducted.
 
Results: The findings of this research indicate that there is a significant positive relationship between financial performance and deferred revenues. However, no significant difference is observed between stock returns with high variations in deferred revenues and the average market returns.
 
Conclusion: According to the findings of the present research, despite the existence of a positive and antagonistic relationship between deferred revenues and financial performance, which can assist stakeholders in predicting the future performance of companies, this information is not applicable for achieving returns above the average market return.

Keywords

Main Subjects

References

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Journal of Accounting Knowledge

Articles in Press, Accepted Manuscript
Available Online from 08 December 2025

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  • Receive Date: 22 April 2025
  • Revise Date: 03 July 2025
  • Accept Date: 07 June 2025

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