The impact of sustainable reporting on the stocks’ liquidity, with regarding to the capital structure, in companies listed on the Tehran Stock Exchange
The impact of sustainable reporting on the stocks’ liquidity, with regarding to the capital structure, in companies listed on the Tehran Stock Exchange
Subject Areas : Financial Knowledge of Securities Analysis
1 - Assistant Prof., Department of Accounting, Faculty of Management and Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran. (Corresponding author)
Keywords: Corporate Sustainability Reporting, Reporting, Stock Liquidity, Capital Structure,
Abstract :
Sustainability reporting is a valuable communication tool that helps managers demonstrate their credibility and communicate information about their company's sustainable development to stakeholders. The purpose of this research is to investigate the effect of sustainable reporting on the liquidity of stocks with regard to the role of capital structure in Tehran Stock Exchange.The current research can be placed in the group of correlational research, which has used regression analysis to interpret the relationships between variables.The statistical sample of this research includes 152 companies that were examined during the ten-year period between 1392 and 1401. The results of the research show that sustainable reporting has a positive and significant effect on stock liquidity. It was also observed that the capital structure has been able to strengthen the relationship between sustainable reporting and stock liquidity.According to the results, it can be said that by paying more attention to the requirements of sustainable reporting and presenting this report, the managers will increase the liquidity of the company's shares by providing comprehensive assurance to the stakeholders.