نوع مقاله : مقاله پژوهشی
نویسندگان
1 دکتری مدیریت مالی ، مدرس دانشگاه
2 امام حسین (ع)-مدیریت و اقتصاد-مدیریت مالی اسلامی
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The present study aimed to study the effect of risk disclosure in financial statements on investment efficiency. Conceptually, investment efficiency is achieved when companies invest only in currently net worth of positively positive projects. Risk disclosure is one of the phenomena that will affect the efficiency of investment by reducing information asymmetry. The statistical population of this research is the companies listed on the Tehran Stock Exchange and its statistical sample includes the selection of 139 companies during the period 2011 to 2017. The sampling method, systematic omission and the method used to estimate the model is the multivariate regression method using integrated estimates with fixed effects. The results of testing the hypotheses show that there is a direct and significant relationship between risk disclosure and investment efficiency of companies operating in the Iranian stock market, so that by increasing the risk disclosure of companies in the annual financial reports, their investment efficiency increases. Further studies also show that the size of companies has a direct and significant relationship with investment efficiency and a negative and significant relationship with more and more investment and less investment.
کلیدواژهها [English]
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