[01] Seyedhossein Naslmosavi, Accounting Department, Islamic Azad University, Qaemshahr Branch, Qaemshahr, Iran. [02] Mohammad Ghorban Mehri, Ghorveh Branch, Islamic Azad University, Ghorveh, Iran. [03] Hamid Ebrahimpour, Accounting Roozbehan Higher Education Institute, Sari, Iran. [04] Mohammad Ali ShahiAzar, Accounting Roozbehan Higher Education Institute, Sari, Iran.

The main purpose of the present study is to investigate the effect of comprehensive income and net income on the performance of firms in Tehran and Kuala Lumpur stock exchanges. This study aims to discover whether the firms in Tehran stock exchange show any difference between comprehensive income and net income in their performances or the firms in Kuala Lumpur stock exchange. The study has used 891 firms from Tehran and Kuala Lumpur stock exchanges from 2002to 2011, and net income and comprehensive income per share have been used as independent variables and return on equity and average market price per share have been used as dependent variables. The results indicate that there is a significant difference between the firm performance and the comprehensive income per share which is more significant in the firms in Tehran stock exchange rather than in the firms in Kuala Lumpur stock exchange. Furthermore, there is a significant positive difference between the firm performance and the comprehensive income per share and between the price and the net income per share which is more significant in the firms in Kuala Lumpur stock exchange rather than in the firms in Tehran stock exchange. The results indicate that the performance of the firms in KualaLumpur stock exchange is more liable to the comprehensive income and the net income rather than the performance of the firms in Tehran stock exchange.

Tehran and Kuala Lumpur Stock Exchanges, Comprehensive Income, Net Income, Firm Performance

[01] Chen, S. and Dodd, J. (2001). Operating Income, Residual Income and EVA(TM): Which Metric Is More Value. Journal of Managerial Issues, 13(1), 65-75. [02] Guillet, D., Seo, B., Kucukustaa, D. and Leec, S. (2013). CEO duality and firm performance in the U.S. restaurant industry: Moderating role of restaurant type. International Journal of Hospitality Management, 33, 339-346. [03] Irala, L. R. (2007). Corporate Performance Measures in India: An Empirical Analysis. Retrieved from http://ssrn.com/abstract=964375 website: [04] Kang, K. H., Lee, S. and Yang, H. (2011). The Effects of Product Diversification on Firm Performance and Complementarities between Products: A Study of US Casinos. International Journal of Hospitality Managment, 30, 409-421. [05] KANG, Y. and Byung-Yeon, K. (2012). Ownership Structure and Firm Performance: Evidence from the Chinese Corporate Reform. China Economic Review, 23(2). [06] Lehn, K. and Makhija, A. k. (1997). EVA, Accounting Profits and CEO Turnover: An Empirical Examination. Journal of Applied Corporate Finance, 10(2), 90-97. [07] Lopes, B. and Walker, M. (2012). Asset Revaluations, Future Firm Performance and Firm-level Corporate Governance Arrangements: New Evidence from Brazil. The British Accounting Review, 44, 53-67. [08] Martin-Reyna.J, S., M, J. A. and Duran-Encalada. (2012). The Relationship among Family Business, Corporate Governance and Firm Performance: Evidence from the Mexican Stock Exchange. Journal of Familly Business Strategy, 3, 106-117. [09] Naslmosavi, S, Mehri, M, Sangiru Umar, M, & Danjuma, I. (2013). Investigating the Relationship between Asymmetric Information and Dividend Policy in Iranian Industrial Companies. Asian Journal of Business Management 5(3), 300-305. [10] Nguyen, T., Ngoc, T. B. and Scott, E. (2013). Sub-national Institutions, Firm Strategies, and Firm Performance: A Multilevel Study of Private Manufacturing Firms in Vietnam. International Journal of Hospitality Managment, 33, 339-346. [11] Stewart, G. B. (1991). The Quest for Value: A Guide for Senior Managers. New York: Harper Business Publisher. [12] Worthington, A. and West, T. (2004). Australian Evidence Concerning the Information Content of Economic Value Added. Australian Journal of Management, 29(2).