Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System
The so far studies, reveal a dual relationship betweendisclosure quality and firm performance. While some studies haveexamined the effects of disclosure quality on firm performance, otherstudies have examined the effects of firm performance on disclosurequality. Reviewing the evidence of the validit...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2014-11-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Subjects: | |
| Online Access: | https://acctgrev.ut.ac.ir/article_50777_84a3cee9565eb29a499069d1d5d06956.pdf |
| _version_ | 1811313404018688000 |
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| author | Gholamhossein Mahdavi Sajjad Behpour Fatemeh Kazemnezhad |
| author_facet | Gholamhossein Mahdavi Sajjad Behpour Fatemeh Kazemnezhad |
| author_sort | Gholamhossein Mahdavi |
| collection | DOAJ |
| description | The so far studies, reveal a dual relationship betweendisclosure quality and firm performance. While some studies haveexamined the effects of disclosure quality on firm performance, otherstudies have examined the effects of firm performance on disclosurequality. Reviewing the evidence of the validity of both approachesmeans that there is a bilateral (two-sided) relationship between thesetwo variables. In this regard, the goal of present research is to studythe bilateral relationship between disclosure quality and performanceof 149 companies listed on Tehran Stock Exchange (TSE) during2004 to 2010. At first, the bilateral relationship between two variableswas confirmed using Granger causality test and then simultaneousequations system was estimated using two-step regression. Based onthe results, there is bilateral relationship between disclosure qualityand performance of the companies listed on the TSE. In other words,the results of the simultaneous equation system have more reliabilityand validity compared to single-equation system. |
| first_indexed | 2024-04-13T10:53:11Z |
| format | Article |
| id | doaj.art-3e923ccb0f174592919ad2768ba2407a |
| institution | Directory Open Access Journal |
| issn | 2645-8020 2645-8039 |
| language | fas |
| last_indexed | 2024-04-13T10:53:11Z |
| publishDate | 2014-11-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | بررسیهای حسابداری و حسابرسی |
| spelling | doaj.art-3e923ccb0f174592919ad2768ba2407a2022-12-22T02:49:35ZfasUniversity of Tehranبررسیهای حسابداری و حسابرسی2645-80202645-80392014-11-0121337138610.22059/acctgrev.2014.5077750777Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations SystemGholamhossein Mahdavi0Sajjad Behpour1Fatemeh Kazemnezhad2Associate Prof. Accounting, University of Shiraz, Shiraz, IranPhD. Candidate in Economic, University of Shiraz, Shiraz, IranMSc in Management, Estahban Payame Noor University, Estahban, IranThe so far studies, reveal a dual relationship betweendisclosure quality and firm performance. While some studies haveexamined the effects of disclosure quality on firm performance, otherstudies have examined the effects of firm performance on disclosurequality. Reviewing the evidence of the validity of both approachesmeans that there is a bilateral (two-sided) relationship between thesetwo variables. In this regard, the goal of present research is to studythe bilateral relationship between disclosure quality and performanceof 149 companies listed on Tehran Stock Exchange (TSE) during2004 to 2010. At first, the bilateral relationship between two variableswas confirmed using Granger causality test and then simultaneousequations system was estimated using two-step regression. Based onthe results, there is bilateral relationship between disclosure qualityand performance of the companies listed on the TSE. In other words,the results of the simultaneous equation system have more reliabilityand validity compared to single-equation system.https://acctgrev.ut.ac.ir/article_50777_84a3cee9565eb29a499069d1d5d06956.pdfDisclosure qualityperformanceSimultaneous Equations System |
| spellingShingle | Gholamhossein Mahdavi Sajjad Behpour Fatemeh Kazemnezhad Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System بررسیهای حسابداری و حسابرسی Disclosure quality performance Simultaneous Equations System |
| title | Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System |
| title_full | Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System |
| title_fullStr | Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System |
| title_full_unstemmed | Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System |
| title_short | Exploring the Relationship between Disclosure Quality and the Performance of Tehran Stock Exchange Companies Using a Simultaneous Equations System |
| title_sort | exploring the relationship between disclosure quality and the performance of tehran stock exchange companies using a simultaneous equations system |
| topic | Disclosure quality performance Simultaneous Equations System |
| url | https://acctgrev.ut.ac.ir/article_50777_84a3cee9565eb29a499069d1d5d06956.pdf |
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