چکیده:
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.
خلاصه ماشینی:
Results indicated that the score of disclosure quality, timeliness and reliability affected the stock price de- lay; also, the mentioned effects were confirmed in the firms with high risk of lack of funds.
Ac- cording to the probability amount in the model, it is clear that the score of disclosure quality affects the stock price delay positively and the amount of information may be presented by the corporate in the form of financial statements or notes to contribute in making decisions.
According to the probability amount in the model, it is clear that the score of disclosure quality affects the stock price delay positively and the amount of information may be presented by the corpo- rate in the form of financial statements or notes to contribute in making decisions.
According to the probability amount in the model, it is clear that the score of timeliness in relation to the financial disability risk affects the stock price delay positively and the amount of information may be presented by the corporate in the form of financial statements or notes to contribute in making decisions.
According to the probability amount in the model, it is clear that the score of reliability in relation to the financial disability risk affects the stock price delay positively and the amount of information may be presented by the corporate in the form of financial statements or notes to contribute in making decisions.