Abstract

Low transparency and poor quality of financial information provided to decision-making conditions difficult for investors and provide them with the face of uncertainty.This study with purpose examined the impact of accrual and disclosure quality on return risk premium in companies listed in Tehran stock exchange has been done. For this purpose the test was conducted using panel data method and with three-factor asset pricing model that adding the disclosure quality factor, the accrual quality factor and disclosure and accrual quality factor and using monthly data from 38 companies listed in Tehran Stock Exchange for the period 1380 to 1392. The results show a significant impact of accrual quality and disclosure quality on the stock risk premium; Also in this study examined type of relationship the accrual and disclosure quality in explanation return risk premium using coefficients of the estimated models that show the same information content and nature of these two factors in description the meaning relation with return risk premium.