Investigating the Impact of the Quality of Information on the Value and Volume of Transaction in Tehran Stock Exchange
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

Investigating the Impact of the Quality of Information on the Value and Volume of Transaction in Tehran Stock Exchange

Document Type : Original Article

Authors
khaled eissanejad bahmanshiri
abdolmajid dehghan
10.22034/jse.2018.11117
Abstract
In this study we have been investigated the impact of the quality of information on the value and volume of transaction in Tehran stock exchange. Current theoretical foundations show that people use corporate financial information for their investment decisions and the high quality of the information disclosed can hanv a significant impact on increasing the desirability of the shares and they have increased turnover through that. In general, the use of a sample of companies of the TSE from 1388 to 1393 indicates that by improving the quality of information disclosure we have seen an increase in the volume of transactions. The results of the breakdown of the volume of transactions by individuals and companies indicate that the quality of disclosure in both cases has a positive impact on trading volume and improves the quality of information. The amount of the volume of transactions of individuals and companies has increased, and the results indicate that the impact of disclosure quality on both the individuals and the volume of transactions made by companies (traders) are meaningful. The results indicate that the quality of information disclosure have positive impact and had meaningful impact on the value of transactions of the stock firms sample. A breakdown results obtained indicate that the quality of information disclosure have a positive impact on the value of transactions and with improve the quality of disclosure witnessed an increase in the value of transactions made by traders (individuals). Although the results show the impact of more meaningful quality of disclosure among the traders.
Keywords
Disclosure Quality
Value of Transactions
Volume of Transactions
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