The Impact of Financial Statement Complexity on Stock Return:A Study Empirical In Tehran Stock Exchange

Subject Areas :

mohammad sayrani ¹ , Zohier Morady ² , Hadis Javanmard ³

1 - Accounting, Faculty of Industrial Engineering, Management and Accounting, Shahab Danesh University, Qom, Iran
2 - Member of the club of young researchers and elites of Islamic Azad University
3 - PhD student in accounting, Shahid Bahonar University, Kerman, Iran

Received: 2023-05-19 Published : 2025-07-08

Keywords: financial statement complexity, stock returns, investor behavior,

Abstract :

Return on stock is one of the complex concepts that are of interest to investors and decision makers. It is one of the most important sources of information for investors, creditors and other users of corporate financial statements. Information must be understandable in order to be useful for decision making.The main purpose of this study is to investigate the effect of financial statement complexities on stock returns in companies listed on the Tehran Stock Exchange. The present study, based on the purpose of implementation, is an applied research, in terms of time in a cross-sectional manner that has been done in a correlational manner. Listed on the Tehran Stock Exchange has been determined as a statistical sample and has been compiled in the period of 1393 to 1399. In this study, in order to determine the sample size, the systematic removal method (screening) was used. The results of testing the research hypotheses showed that the first hypothesis, ie complexity in financial statements has a positive effect on stock returns and the second hypothesis, ie fraud in financial statements has no effect on stock returns. Innovations and differences between this research and other studies can be expressed. Showed that in other domestic and foreign studies, the effect of the variable of financial statements complexity on audit quality has been studied more and less research has been done on the subject.

References:

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