The Relationship between Disclosure Quality and Stock Liquidity in listed Companies on Tehran Stock Exchange

This study examines relationship between disclosure quality and stock liquidity in Tehran stock exchange. We use a sample of 72 listed companies over a five-year (1383-1387). Results in other countries show that improving disclosure quality decreases information asymmetry. So stock liquidity increases to decline information asymmetry. The focal point of our study is improving disclosure quality resulting in more stock liquidity. The multivariate pooled regression model is used to examine the hypotheses. However, we do not find any significant association between disclosure quality and stock liquidity.