The Role of Accounting Quality Information And Illiquidity on Stock Returns in Tehran Stock Exchange companies

The liquidity and accounting issues are naturally related Accounting information can influence the stock's information environment Accounting information can reduce information asymmetry in the market, this information can improve stock liquidity.AlphaIn this study, the quality of accounting information in addition to the impact of illiquidity on stock returns is also. Increase the quality of accounting information, businesses can reduce systemic liquidity Tvandrysk Accounting variables are able to evaluate the business enterprise and capital costs through their impact on various aspects of liquidity affect.Alph This study is among the first studies to examine the impact of accounting information quality and lack of liquidity on stock returns in Tehran Stock Exchange market deals.The survey of ۱۳۵ companies over a three year period (۱۳۸۷-۱۳۸۹) have been chosen. The data were calculated using Excel software program and ۶Eviews ۱۸Spss are analyzed. And the hypothesis using integrated regression without fixed effects is examined. The results suggest that the relationship between the quality of accounting information and returns are negative Mnadarvly But the positive impact of illiquidity Brbazdh Mnadarast and simultaneous operation of these two illiquidity on the yield and quality of accounting information is significant and positive.

کلیدواژه ها:

Poor measure Liquidity ، The quality of accounting Information ، Stock Returns ، عدم نقدشوندگی ، کیفیت اطلاعات حسابداری ، بازده سهام.