文章基本信息

标题：The effect of corporate disclosure policy on risk assessment and market value: Evidence from Tehran Stock Exchange
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作者：Raziyeh Masalegooha ; Mohsen Hamidian
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2015
卷号：5
期号：5
页码：481-486
DOI：10.5267/j.msl.2015.3.006
出版社：Growing Science
摘要：This paper investigates the role of corporate disclosure policy on risk assessment and market value on selected firms from Tehran Stock Exchange over the period 2004-2012. The study considers four risk namely; business risk, cash flow risk, financial risk and systemic risk. Using regression analysis with panel data under fixed effect, the study shows that there was a meaningful relationship between two risks, business risk and systematic risk, and market value before and after corporate disclosure. In other words, after corporate disclosure, the relationship between risk and market value becomes stronger.
关键词：Tehran Stock Exchange; Corporate disclosure; Risk assessment