Authors : Younes Malaknegah Kalhor, Babak Jamshidinavid and Ramin Jedi
Abstract: As regards, divulgence has been considered as one of the most fundamental economical growth agents and divulgence criterion is different from one corporation to another. In this research with spot of competitive situation in market, relationship between production competitive structures and voluntary divulgence criterion in financial reports will be evaluated. Competitive pressure increase is one of the most important agents of the voluntary divulgence assumption. This research consists of two main parts: in the first part, the effect of production competitive market on voluntary divulgence criterion based on QTobin Model has been investigated. In the second part, the effect of production competitive market on voluntary divulgence criterion based on Herfindal-Hireshman Model has been evaluated. Research statistic population include corporations in Tehran price stock exchange, statistic sample after ethmoid sampling includes 635 corporations that have one quinquennial corporation year from 2010-2014. Research models have been used to analyze relationship between competition and divulgence criterion. Research methodology is applicational based on its aims and is descriptive, scaling, and cohesive based on its performance. Research conclusions indicate that increase in divulgence criterion will cause decrease in common stock cost. So, investments affect to invest in corporations which have more divulgence and less risk and this topic will be followed with a positive meaningful effect of production divulgence market on voluntary divulgence criterion.
Younes Malaknegah Kalhor, Babak Jamshidinavid and Ramin Jedi, 2016. Investigating the Effect of Production Competitive Market on Voluntary Divulgence Based on Herfindal-Hireshman and QTobin Models. International Business Management, 10: 6238-6242.