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Relationship between Financial Information Transparency and Financial Performance of Listed Companies in Tehran Stock Exchange

Author Affiliations

  • 1Central Tehran Branch, Islamic Azad University, Tehran, IRAN
  • 2 Department of Accounting, Central Tehran Branch, Islamic Azad University, Tehran, IRAN

Res. J. Recent Sci., Volume 3, Issue (3), Pages 27-32, March,2 (2014)


This study investigates relationship between financial information transparency and financial performance of listed companies in Tehran Stock Exchange. Information related to research variables is for 2006-2011 (a 6-year period) and 94 listed companies in Tehran Stock Exchange were studied as sample. Using transparency criteria specified in Standard and Poor's model, transparency level in the companies listed in Tehran Stock Exchange were measured and evaluated with financial performance. After measurement of information transparency of the companies and the financial performance, their correlation for single companies in the whole 6-year period and year by year was tested. To this end, SPSS software was used. Results suggest there is significant relationship between financial information transparency and financial performance at 95% confidence level.


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