Investigation the sudden volatility of stock value of the Tehran stock exchange relying on preferences of investors and quality of accounting information

Subject Areas : Management Accounting

Mohammad  Kheiry ¹ (Associate Prof., Faculty of Economic and Management Payam Noor University, Tehran, Iran)
Hadi  Esmaeilpour Moghadam ² (Ph.D. Student in Financial Economics, Faculty of Economic, Allameh Tabataba’i University, Tehran, Iran)
Vahid  Dehbashi ³ (Instructor., Faculty of Agricaltural University of Zabol, Zabol, Iran)

Received: 2016-12-25 Accepted : 2017-05-05 Published : 2017-12-22

Keywords: preferences of investors, quality of accounting informat, sudden volatility of stock val,

Abstract :

Nowadays, investors consider different factors to choose for investment. The goal of this research is the investigation the influence of the preferences of the investors and the quality of the accounting information on the sudden volatility of the stock market value in the Tehran stock exchange. The related community in this research are the companies that are membership of the stock market of Tehran on during the period 2004_2014. The analysis of the data was done by using the logit panel econometrics approach. Results show that the quality of the accounting information has a positive and a significant effect on the future sudden volatility of the stock market. Also the results of the research emphasize that significant effect of the preferences of investors on the future sudden volatility of the stock market. In fact the information quality and the preferences of the investors can forecast the future sudden volatility of the stock market value.

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