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A Study on the Impact of Voluntary Disclosure Level on Value Relevance of Accounting Information of Firms Listed in Tehran Stock Exchange (TSE)

Academic Journal of Accounting and Economic Researches

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Field Value
 
Title A Study on the Impact of Voluntary Disclosure Level on Value Relevance of Accounting Information of Firms Listed in Tehran Stock Exchange (TSE)
 
Creator Ahmadi, Reza
Valipour, Hashem
Talebnia, Ghodratallah
 
Description This paper seeks to explore whether voluntary disclosure level affects the valuerelevance of accounting information, specifically, earnings and book values of Firms Listed in Tehran Stock Exchange (TSE). Based on the assumption that an increased focus on the informational needs of investors should increase the value relevance of the information contained in financial statements, we expect that greater voluntary disclosure levels among companies listed on the TSE will be associated with greater value relevance in earnings and book value information for investors. Statistical sample includes 71 companies during 2007 to 2011. Statistical technique used to test the hypotheses is the Multivariate Regression. The results of the price model provide evidence that earnings and book values are significant factors in the valuation of firms Listed in TSE. Other results show that the voluntary disclosure level increase leads to the increase of information content of the earnings and book values.
 
Publisher Academic Journal of Accounting and Economic Researches ISSN 2333-0783
 
Contributor —
 
Date 2019-10-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/647
 
Source Academic Journal of Accounting and Economic Researches ISSN 2333-0783; Vol 8, No 2 (2019): April 2019
2333-0783
2375-7493
 
Language eng
 
Relation http://worldofresearches.com/ojs-2.4.4-1/index.php/ajaer/article/view/647/690
 
Rights Copyright (c) 2018 Academic Journal of Accounting and Economic Researches ISSN 2333-0783
http://creativecommons.org/licenses/by-nc/4.0