University of Isfahan Journal of Asset Management and Financing 2383-1189 8 1 2020 03 20 A Study on Stock Price Informativeness Model based on the Role of Managers’ Reputation Motivation (Evidence from the Companies Listedin Tehran Stock Exchange) A Study on Stock Price Informativeness Model based on the Role of Managers’ Reputation Motivation (Evidence from the Companies Listedin Tehran Stock Exchange) 123 136 24388 10.22108/amf.2020.118068.1444 FA Majid Montashery PhD candidate of financial engineering, Faculty of Management, Yazd University, Iran Daryush Farid Associate Professor of Accounting and Finance, Faculty of Management, Yazd University, Iran Journal Article 2019 08 07 <strong>Objectives:</strong> Informativeness by companies is of great importance for managers to transfer information about financial performance to investors, creditors and other stakeholders, and is one of the significant reasons for requesting information on stock prices, informativeness issues, and information asymmetry. Several factors affect the transparency and informativeness of stock prices – including managers’ reputation motivation– which results from their potential effort to display the benefit of operation in terms of goals such as credibility and trust-building. <br /><strong>Method:</strong> Thus, the purpose of this study is to explain the effect of managers' reputation motivation on stock price disclosure. To do so, the evidence of 910 firm-year (130 companies for 7 years), collected from annual financial reports of companies listed in Tehran Stock Exchange from 2011 to 2017, was tested. <br /><strong>Results:</strong> Research findings show a significant relationship between the managers' reputation motivation and stock price disclosure. Further, the size of the company has a positive and significant impact on stock price disclosure. <strong>Objectives:</strong> Informativeness by companies is of great importance for managers to transfer information about financial performance to investors, creditors and other stakeholders, and is one of the significant reasons for requesting information on stock prices, informativeness issues, and information asymmetry. Several factors affect the transparency and informativeness of stock prices – including managers’ reputation motivation– which results from their potential effort to display the benefit of operation in terms of goals such as credibility and trust-building. <br /><strong>Method:</strong> Thus, the purpose of this study is to explain the effect of managers' reputation motivation on stock price disclosure. To do so, the evidence of 910 firm-year (130 companies for 7 years), collected from annual financial reports of companies listed in Tehran Stock Exchange from 2011 to 2017, was tested. <br /><strong>Results:</strong> Research findings show a significant relationship between the managers' reputation motivation and stock price disclosure. Further, the size of the company has a positive and significant impact on stock price disclosure. https://amf.ui.ac.ir/article_24388_7c869bcc85337c2ad785af950b2ce2d3.pdf