Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

The Impact of Company Reputation and Institutional Ownership on the Relationship between Prospective Information Disclosure and Stock Returns Volatility

Document Type : Original Article

Authors
ali jafari
naser sahrarey
maliheh solhi fam asl
iau
Abstract
From an agency perspective, disclosure of value relationship information reduces uncertainty about a company and affects stock fluctuations. The use of agency theory also confirms the relationship between disclosure of prospective financial information and stock return fluctuations. The purpose of this study is to investigate the effect of corporate reputation and institutional ownership on the relationship between future information disclosure and volatility of stock returns in companies listed on the Tehran Stock Exchange. Using statistical sample information including 114 companies listed on the Tehran Stock Exchange during the years 1391 to 1397 and testing research hypotheses using multivariate linear regression model and composite data using the ninth version of Ives software will pay. Research findings show that institutional ownership affects the relationship between disclosure of forward-looking financial information and volatility of stock returns. Also, the company's reputation does not have a statistically significant effect on the relationship between future information disclosure and stock return volatility.
Keywords
Company reputation
institutional ownership
prospective information disclosure
stock return volatility