The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior

According to the information content of financial reports, this research aims to investigate the effect of Voluntary Disclosure (VD) on the quality of information, the quality of decision and the behavior of shareholders. The population of the research is the firms listed in Tehran Stock Exchange. B...

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Main Authors: Javad Rezazadeh, Mohammad Javad Tasaddi Kari, Rouhollah Kheiri
Format: Article
Language:English
Published: Iranian Association for Energy Economics 2024-02-01
Series:Environmental Energy and Economic Research
Subjects:
Online Access:https://www.eeer.ir/article_188216_6e983e3e44d2dc08e235e2870f82b078.pdf
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author Javad Rezazadeh
Mohammad Javad Tasaddi Kari
Rouhollah Kheiri
author_facet Javad Rezazadeh
Mohammad Javad Tasaddi Kari
Rouhollah Kheiri
author_sort Javad Rezazadeh
collection DOAJ
description According to the information content of financial reports, this research aims to investigate the effect of Voluntary Disclosure (VD) on the quality of information, the quality of decision and the behavior of shareholders. The population of the research is the firms listed in Tehran Stock Exchange. Based on the screening, 138 firms were selected between 2013 and 2021. The required data was extracted through the website of the stock exchange organization. The collected data were analyzed through econometric models and EViews software. According to the results, there is a significant relationship between VD, disclosure quality, decision quality and shareholders' behavior. Therefore, the amount of stock transactions can be a function of the amount of disclosure characteristics and the quality of the decision. By focusing on the shareholders, the results can provide a basis for making managers' decisions to meet their information needs and improve the transparency of the financial market.
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spelling doaj-art-ab4faa07f6f44274bb6e7c15ce6aed892025-08-20T03:17:08ZengIranian Association for Energy EconomicsEnvironmental Energy and Economic Research2538-49882676-49972024-02-018110.22097/eeer.2024.418073.1299188216The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder BehaviorJavad Rezazadeh0Mohammad Javad Tasaddi Kari1Rouhollah Kheiri2Faculty of Management and Economics, Tarbiat Modares Universit, Tehran, IranFaculty of Management and Accounting, Rasht Branch, Islamic Azad University, Rasht, IranFaculty of Accounting, Tonekabon Branch, Islamic Azad University, Tonekabon, IranAccording to the information content of financial reports, this research aims to investigate the effect of Voluntary Disclosure (VD) on the quality of information, the quality of decision and the behavior of shareholders. The population of the research is the firms listed in Tehran Stock Exchange. Based on the screening, 138 firms were selected between 2013 and 2021. The required data was extracted through the website of the stock exchange organization. The collected data were analyzed through econometric models and EViews software. According to the results, there is a significant relationship between VD, disclosure quality, decision quality and shareholders' behavior. Therefore, the amount of stock transactions can be a function of the amount of disclosure characteristics and the quality of the decision. By focusing on the shareholders, the results can provide a basis for making managers' decisions to meet their information needs and improve the transparency of the financial market.https://www.eeer.ir/article_188216_6e983e3e44d2dc08e235e2870f82b078.pdfvoluntary disclosuredisclosure qualitydecision qualityshareholders' behaviorcharacteristics of the reporting entity
spellingShingle Javad Rezazadeh
Mohammad Javad Tasaddi Kari
Rouhollah Kheiri
The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
Environmental Energy and Economic Research
voluntary disclosure
disclosure quality
decision quality
shareholders' behavior
characteristics of the reporting entity
title The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
title_full The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
title_fullStr The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
title_full_unstemmed The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
title_short The Effect of Voluntary Disclosure of Information on the Quality of Information, Decision-Making and Shareholder Behavior
title_sort effect of voluntary disclosure of information on the quality of information decision making and shareholder behavior
topic voluntary disclosure
disclosure quality
decision quality
shareholders' behavior
characteristics of the reporting entity
url https://www.eeer.ir/article_188216_6e983e3e44d2dc08e235e2870f82b078.pdf
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