کیفیت اطلاعات حسابداری و تعدیل قیمت سهام

This study examines the relationship between quality of accounting information and a delay of stock price adjustment, based on a new approach. due to the theoretical literature, the stock price adjustment, as the dependent variable, was measured by hou and moskowitz (2005) model. independent variables were accounting information quality indicators including 3 groups of earnings quality indicator, misstated financial statements indicator and risk driving accounting variables. the hypothesis was tested using pold model and data from 93 firms listed in tehran stock exchange and 1023 observations during the period from 2001 to 2011. the results show that poor accounting quality is associated with delayed price adjustment. so that the poor accruals quality can lead to a 3% increase in the price adjustment delay.