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Evaluation of the effects of disclosure on stock liquidity in the accepted Companies in Tehran Stock Exchange

Euro-Asian Journal of Economics and Finance

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Field Value
 
Title Evaluation of the effects of disclosure on stock liquidity in the accepted Companies in Tehran Stock Exchange
 
Creator Poursaedi, Marziyeh
Mousavi, Zahra
 
Subject Financial disclosure, Stock liquidity, Trading volume
 
Description According to agency theory, Managers as representatives of shareholders, may act or make decision in a way which is not necessarily to maximize shareholder wealth. According to this theory, some sufficient control or oversight mechanisms should be developed to protect shareholders against conflicts of interest. Transparency of financial statements and the quality of the disclosed information provided in them has been considered as a practical approach. Poor financial disclosure misleads shareholders and may adversely affect its fortunes. The aim of this study is to evaluate the effects of disclosure on stock liquidity in the accepted Companies in Tehran Stock Exchange. Four hypotheses were formulated for this purpose and 80 companies in Tehran Stock Exchange during the years 1385 to 1387 were examined. The results show that there is a significant relationship between the quality of companies' disclosure and their trading volume while there is no relationship among others variable of the quality of disclosure.   
 
Publisher Academy of Business & Scientific Research
 
Date 2013-10-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://absronline.org/journals/index.php/eajef/article/view/38
 
Source Euro-Asian Journal of Economics and Finance; Vol 1 No 1 (2013): October; 1-8
2310-4929
2310-0184
 
Language eng
 
Relation http://absronline.org/journals/index.php/eajef/article/view/38/43
 
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