THERELATIONSHIPBETWEENTRANSPARENCYWITHPROPERTIESOUTPUT ANDPROSPECTIVEOUTPUT

Abstract

Financial information transparency is proposed one of the most effective variables in determination of investing strategy in financial marketing. Despite of the matter, managers as the responsible person for preparing financial invoices have motivation to distort financial data for protecting their interests. Managers’ proceedings when lead to non-transparency in financial data is management or profit manipulation. In this process, managers try to accumulate the negative news in their firms and do not expose. So, the main purpose of the research is study about the relationship between financial information transparency with properties output and stock prospective output in accepted firms in Tehran stock exchange during tim period 2009 up to 2014. Statistical society is used by screening (omissive) model for selecting a sample which is studied in 122 companies. Current research methodology is applicative by aiming, its type is correlated, its model is panel data and for analysis by software of EVIEWS8. For performing the analysis, we use two hypotheses (study the relationship between financial information transparency with properties output and stock prospective output) and (study the relationship between financial information transparency with stock prospective output). Obtained result by first hypotheses indicate that there is a positive and meaningful relationship between financial information transparency and properties output. Also, obtained findings by second hypotheses indicate that there is a negative and meaningful relationship between financial information transparency and stock prospective output rate.