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The relationship between stock liquidity risk and financial information quality criteria in Tehran Stock Exchange | ||
| Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies) | ||
| مقاله 1، دوره 8، شماره 4، دی 2015، صفحه 503-521 اصل مقاله (355.57 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ijms.2015.54999 | ||
| نویسندگان | ||
| Mahmoud Mousavi Shiri* 1؛ Masome Roshandel2 | ||
| 1Department of Economics, Management and Accounting, Payame Noor University, Iran | ||
| 2Department of accounting, Islamic Azad University of Mashad, Mashad, Iran | ||
| چکیده | ||
| The current study aims to investigate the relationship between stock liquidity risk and financial information quality criteria (i.e. the timely dividends announcement, accruals quality and the percentage of profitability prediction error) of companies listed on the Tehran Stock Exchange. For this purpose, 148 cases of data from listed companies, collected from 2007 to 2012, were employed in order to test the hypotheses during 2007-2012. The results of the study reveal that there is a significant relationship between liquidity risk (the dependent variable) with quality of accruals, percentage of profitability prediction error and timely dividends announcement (independent variables). High levels of accruals quality and timely dividends announcement, cause reduction in stock's liquidity risk, and high percentages of profitability prediction error increase the stocks' liquidity risk. | ||
| کلیدواژه‌ها | ||
| Accruals quality؛ Liquidity risk؛ percentage of profitability prediction؛ quality of information؛ timely dividends announcement | ||
| مراجع | ||
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