نویسندگان
دانشگاه الزهرا
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
High quality accounting information is necessary for capital market health function and overall economy and is very important for investors, companies and standard setters. So, in this study the effect of disclosure quality on the value relevance of financial statements items is examined. For this, at first the value relevance of financial statements items and the value relevance of disclosure quality Characteristic with future stock return were tested. Then, the effect of disclosure quality on the relationship between financial statements items and future stock return was examined.
The statistical population was the listed companies in Tehran Stock Exchange during 1383 to 1391. Panel data regression analysis (Time-Fixed Effect Model and Time-Random Effect Model) and Wald Test were used in the research method. The results indicated that financial statements items except operating profit and debt ratio and financial information reliability and timeliness characteristics have significant relationships with future stock return. Also, the results showed that disclosure quality and communication score has no significant effect on the value relevance of financial statements items with future stock return.
کلیدواژهها [English]
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