The Relationship Between Non-Transparent Financial Reporting and Risk Stock Futures Fall Due to the Size and Performance

Document Type: Research Paper

Authors

1 Department of Management, South Tehran Branch, Islamic Azad University, Tehran, Iran

2 Department of Management, Arak Branch, Islamic Azad University, Arak, Iran

Abstract

The purpose of this study was to investigate the relationship between stock futures fall risk with non-transparent financial reporting at three levels of size, efficiency and return on equity, in the period 2010 to 2014 was in Tehran Stock Exchange. The population of the study are all companies listed in Tehran Stock Exchange. Data collected and calculated by using Excel software Eviews 7 been analysed and the conclusion was That the risk of future falls in the stock of non-transparent financial reporting for companies with low return on equity With high efficiency, equity, and efficiency in the large companies, there is a significant relationship

Keywords


[1] Dianaty, D., Lotfi, Z., Bakhsh, M., Kasra, A., The effect of assets management in the spin of cash Exchange Cycle of (Gitman) in decreasing risk of falling stock cost, Accounting knowledge and Management counting, 2012, 5(4), P.55-64.

[2] Bushman, R., Piotroski, J., Smith, A., What Determines Corporate Transparency? Unpublished Paper, University of Chicago, 2001, 7(8), P.96-115.

[3] Chen, J., Hong, H., Forecasting crashes: Trading volume, past returns, and conditional skewness in stock prices, Journal of financial Economics, 2001, 61(3), P. 345-381.

[4] Foroughi, D., Mirzaie, M., The effect of conditional conservatism of companies to the risk of future falling stock cost in accepted companies in Tehran Stock Exchange, Accounting Advancement, 2012, 1(2), P.77-117.

[5] Kothari, S. P., Shu, S., Wysocki, P. D., Do managers withhold bad news? Journal of Accounting Research, 2009, 4(7), P.241-276.

[6] Mirzaie, M, Foroughi, M., Amiri, H., The effect of non-transparence financial information to the risk of future falling stock cost in accepted companies in Tehran Stock Exchange, Journals of Financial Accounting of Researches, 2012,8(4), P.15-40.

[7] Moradzadeh, M., Saieed, M., Dianaty, Z., The examination of basic investors' effect on decreasing the risk of falling stock cost, Knowledge Investment, 2012,2(1), P.1-18.

[8] Shah Ali Zadeh, B., The examination of efficiency in ratio of its' adjustment Dopount for anticipated profitable of companies in each levels of companies' life cycle, The Second National Congress of Modern Management, Shiraz, 2014,8(5), P.84-90.

[9] Ng, J., Tuna, I., Verdi, R., Management Forecasts Disclosure Quality, and Market Efficiency, Journal of Accounting Review, 2006, ,64(1), P.27-41.

[10] Rajgopal, S., Mohan, V., Financial reporting quality and idiosyncratic return volatility, Journal of Accounting and Economics, 2011, 5(1), P.1-20.

[11] Watts, R., Zimmerman, J., Positive accounting theory, New Jersey: Prentice-Hal, 1998.

[12] Watts, R. L., Conservatism in accounting part I: Explanations and implications, Accounting Horizons, 2003, 1(7), P.207-221