The Relationship between Accounting Information Quality on Stock Price Delay and Forecasting of Future Stock Returns of Listed Companies on the Tehran Stock Exchange

Document Type : Research Paper

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Department of Management Islamic Azad University Gorgan

Abstract

Today, the hypothesis of forecasting ability dividend yield or dividend-price ratio of share as a main principal in the financial management is accepted. One of important goals of the accounting information is assist to users in the future investment predication. Also, in finance area stock price reaction to accounting information is one of the main subjects. The purpose of this paper is to study the relationship between accounting information quality, delay in the stock price adjustment and future stock dividend of the accepted company in Tehran stock exchange. For this purpose, a number of 105 companies listed on Tehran Stock Exchange during the time span of 2008-2012 investigated. literature study with using of the library study method &financial information needed for refer to financial statement and Rahavard Novin3financial soft ware extracted& after that by of the Excel software abridged, classified, computed and finally byEviews8, stata12 analyzed finding shows that there is a positive and meaning full relationship between the accounting information quality or delay in stock price adjustment and stock price, future output and stock dividend

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