Investigating the role of the disclosure type in predicting the profitability of companies listed in the Tehran Stock Exchange
DOI:
https://doi.org/10.24200/jmas.vol5iss03pp1-6Abstract
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation. If economic growth matches the growth of the money supply, inflation should not occur when all else is equal. A large variety of factors can affect the rate of both. For example, investment in market production, infrastructure, education, and preventative health care can all grow an economy in greater amounts than the investment spending.Methodology:the current study is descriptive correlational research. Based on nature of data, it is considered among the qualitative studies. The study period is from 2009 to 2013. The population of study included all 487 companies listed in Tehran Stock Exchange.Results:According to the findings of regression test, it can be stated that indices of levels of disclosure type, total level disclosure (TINDEX) and voluntary disclosure considering the P-value smaller than 0.05 are significantly effective in determining the profit quality level of studies companies.Conclusion:it could be concluded that in the case of the companies studied in this study, appropriate disclosure information of would lead to the positive consequences such as reducing the asymmetry of information, reducing the uncertainty about the future performance of the company, reducing the cost of stock transactions, increasing liquidity, and enhancing the efficiency of the capital market.References
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