The role of information disclosure dimensions on pricing the probability of using confidential information
Subject Areas : Investments
mohsen hamshi
1
,
rahim bonabighadim
2
,
حیدر محمدزاده سالطه
3
1 - دانشجو
2 - Islamic Azad University, Maragheh
3 - Islamic Azad University, Marand
Keywords: Disclosure of information, confidential information, risk information, strategic information, pricing,
Abstract :
Purpose: The purpose of this research is to investigate the role of information disclosure dimensions on the pricing of the probability of using confidential information. Research methodology: Based on this, the research is of a quasi-experimental and post-event type in the field of proof-of-concept research, as well as an applied type in terms of its nature and goals. The statistical population of the research includes; All the companies accepted in the Tehran Stock Exchange for the period of 1390 to 1400 (10 consecutive years). 146 companies were selected and studied by systematic elimination sampling method. Findings: The results of the hypothesis test with Eviuse and PLS software indicate the existence of a negative and significant relationship between the dimensions of information disclosure, including the disclosure of financial information; disclosure of non-financial information; Disclosure of strategic information and disclosure of risk information with pricing the possibility of using confidential information. However, the negative and significant relationship that was observed between the dimensions of information disclosure and the pricing of the probability of using confidential information shows that the disclosure of company information encourages managers to reduce the pricing of the probability of using confidential information. Originality/scientific added value: The results of this research can provide a new insight into the dimensions of information disclosure on the pricing of the probability of using confidential information in order to determine policy in the financial industry.
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