M.A. Thesis:

Revaluations of noncurrent assets٫ firm performance and stock price

Revaluation of non-current assets in the company is considered as a management decision and a strategy for narrowing the gap between book value and market value of assets , and also the legislator has granted incentives in the form of tax exemption for adopting this approach. Present study sought to explore the effect of non-current assets revaluation on operating performance and stock prices, as two appropriate measure with the company and Iran capital market (Stock Exchange), and to identify the major reasons for adopting this approach as well. The reasech period is 5 years beginning(from1390 to 1394 ) were selected as statistical sample. consisted of 126 firms listed in the Tehran Stock Exchange. Method of testing hypotheses is multiple regression and logit Based on panel data and simultaneous equations. Which is done by Spss and Eviews and Stata software, and the output of these software shows that From incentives under review, there is a inverse relationship between net of cash to capital and the accumulated losses and company size with decisions to the revaluation. Also there was an inverse relationship between company's performance and revaluation's decision, but for the stock price this relationship with revaluation balance per share and decisions to the revaluation was direct.

Keywords: Operating performance , Stock price , Non-Current Assets revaluation