Home Articles List Article Information
Advances in Mathematical Finance and Applications
Journal Archive
Volume Volume 3 (2018)
Volume Volume 2 (2017)
Volume Volume 1 (2016)
Hoseini, A. (2016). Investigation of Effects of Corporate Reporting Quality, Timeliness and Quantity for Disclosure and Reliability of Financial Reports on Stock Price Delay. Advances in Mathematical Finance and Applications, 1(1), 67-83.
Ahmad Hoseini. "Investigation of Effects of Corporate Reporting Quality, Timeliness and Quantity for Disclosure and Reliability of Financial Reports on Stock Price Delay". Advances in Mathematical Finance and Applications, 1, 1, 2016, 67-83.
Hoseini, A. (2016). 'Investigation of Effects of Corporate Reporting Quality, Timeliness and Quantity for Disclosure and Reliability of Financial Reports on Stock Price Delay', Advances in Mathematical Finance and Applications, 1(1), pp. 67-83.
Hoseini, A. Investigation of Effects of Corporate Reporting Quality, Timeliness and Quantity for Disclosure and Reliability of Financial Reports on Stock Price Delay. Advances in Mathematical Finance and Applications, 2016; 1(1): 67-83.

Investigation of Effects of Corporate Reporting Quality, Timeliness and Quantity for Disclosure and Reliability of Financial Reports on Stock Price Delay

Article 7, Volume 1, Issue 1, Summer 2016, Page 67-83  XML PDF (618.97 K)
Document Type: Research Paper
Author
Ahmad Hoseini
Department of Accounting, Arak Branch, Islamic Azad University, Arak, Iran
Abstract
This paper aims to investigate the effect of firm reporting quality, timeliness and
quantity for disclosure and reliability of financial reports on the reaction of stock
price delay. Statistical population includes 111 active firms in Tehran stock exchange
during 2010-2014 using Cochrane method with the confidence level of
95%. Totally, they were 555 firms-years. In this paper, linear and nonlinear regression
tests have been used to investigate the research hypotheses, analyze the
data and examine the hypotheses using Eviews software. Results indicated that the
score of disclosure quality, timeliness and reliability affected the stock price delay;
also, the mentioned effects were confirmed in the firms with high risk of lack
of funds.
Keywords
Firm reporting quality; disclosure timeliness; financialreports reliability
Main Subjects
Financial Accounting
References
[1] Felix, R., Examining the spread of high quality reporting through the corporate net, 2016.

[2] Ghare Li, Shekofe and Mohammadi, A., Effect of Macroeconomic Variables and

          Corporate Features on Financial Reporting Quality in Corporates of Tehran Stock Exchange,  

          3rd International Conference of New Researches in Management, Accounting and Economy,

          TurKey, 2016.

[3] Gordon, Narelle K. and Wu, Q., Informed Trade, Uninformed Trade, and Stock

           Price Delay. Asian Finance Association (AsFA) Conference, 2014.

[4] HasasY., Yahya and Omidi, E., Relationship of Accounting Studies Quality,  

           Stock Price Delay and Future Stock Return, Experimental Accounting Journal, 2014, 24, pp.1-

           85

[5] Höglund, H., Dennis S., Financial reporting quality and outsourcing of ac

          counting tasks: Evidence from small private firms. Advances in Accounting, In Press, Corrected   

          Proof, 2016.

[6] Hou, K. Moskowitz, Tobias J, Market frictions, price delay and the cross-section of

          expected returns. Review of Financial Studies, 2005,18(3), pp. 981-1020.

[7]   Jankensgård, H., The Fundamental Agency Problem: Ownership, Monitoring, and

          Voluntary Disclosure, 2015.

 

[8] Javanmard, H., and Poormosavi, A. A., Effect of Corporate Information Disclo

          sure on Daily Behavior of Tehran Stock Exchange, Experimental Accounting Journal, 2015,4 , 

          pp. 85-105   

[9] Jeffrey R.; Cohen, N., Martinov, B. The Applicability of a Contingent Factors Model to

          Psychology Ethics Research, Journal of Business Ethics, 2006. 68 (1), pp.1-18.

[10] Kalantari, Kh., Structural Equations Modeling in social-economic researche,, Tehran, Far

           hang Saba Publications. 2009.

[11] Lambert, R., Leuz, C and Verrecchia, R., Accounting information, disclosure, and the cost

          of capital, Journal of Accounting Research, 2007, 45 (2), pp.385–420.

[12] Merton, R, Presidential address: A simple model of capital market equilibrium with incomplete  

          information, The Journal of Finance, 1987, 42 (3), pp.483–510.

[13] Nikomaram, H.; Saeedi, A.; Rood Poshti R., Madanchi Zaj, M.,

          Stock Price Adjustment Speed and Maximum and Minimum Evaluation Method of In

          vestors Reaction and Financial Market Efficiency: Approaches, Models and Results, Invest

          ment Science Journal, 2015, 14, pp 95-124

[14] Pourzamani, Z., Ghamari, M., Relationship between Financial Reporting Qua

          lity and Stock Price Adjustment Speed, Financial Accounting and Auditing Journal, 2014, 21,

          pp. 91-116

[15] Setayesh, M. H.; Kazemnejad, M., Zolfaghari, M., Investigat 

          ing the Effect of Disclosure Quality on Capital Cost of Corporates in Tehran Stock Exchange,

          Financial Accounting Research Journal, 2011 No. 9, pp. 55-74

[16] Shahalizade, B., Investigating the Relationship between Differences of Suggested    

           Prices of Purchaes and Sale, Market Return and Size of Transactions in Tehran Stock Ex 

           change, 3rd International and National Conference of Iran Accounting, Hamedan, 2016.

[17] Song L. Accounting disclosure, stock price synchronicity and stock crash risk, Interna

          tional Journal of Accounting & Information Management,2015, 24(4), pp. 349 – 363.

[18] Verrecchia, R., The rapidity of price adjustments to information. Journal of Accoun    

           ing and Economics, 1980, 2, pp.63-92.

Statistics
Article View: 703
PDF Download: 732