The relation between financial information transparency and firms characteristics of listed companies on Tehran Stock Exchange德黑兰证券交易所上市公司财务信息透明度与公司特征的关系.pdfVIP

African Journal of Business Management Vol. 6(5), pp. 1906-1915, 8 February, 2012 Available online at /AJBM DOI: 10.5897/AJBM11.1707 ISSN 1993-8233 ©2012 Academic Journals Full Length Research Paper The relation between financial information transparency and firms characteristics of listed companies on Tehran Stock Exchange 1 1 2 Mahdi Salehi *, Mahdi Moradi and Ali Mansoury 1 Accounting, Ferdowsi University of Mashhad, Iran. 2 Management Department, Ferdowsi University of Mashhad, Iran. Accepted 10 October, 2011 In this study, the transparency of listed companies on Tehran Stock Exchange is measured by determines transparency scales in Bushman et al. (2004). The characteristics of companies are classified into two groups of variables: Structural (size and leverage) and related to market (type of industry and listing status) during 2010. Spearman and Pearson correlation coefficient is employed to examine hypothesis and logistic regression is used to design the model to measure the transparency. Results show that 90% level of significance is transparency of financial information is related to companies’ size and listing status and does not have any dependency on lever scale and type of industry. Key words: Transparency criteria, transparency of financial information, characteristics of companies. INTRODUCTION Nowadays, the quick changes in