The Value Relevance of Accounting Information during the Essential Volatility in Tehran Stock Exchange

This study examines the value relevance in the Tehran Stock Exchange and compares the value relevance of accounting measures during the essential volatility in Tehran Stock Exchange. The statistical sample includes all firms listed in Tehran Stock Exchange with the exception of banks, investment firms, insurance firms and leasing firms. The systematic omission method is used for sampling. This study uses the panel data regression method, model ohlson (1995) during the years 2005 to 2015 and Eviews and Stata software. The findings show that during an increasing essential volatility as well as a decreasing essential volatility, the value relevance of book value and operating cash flow is less than the value relevance of net income. However, during a non-essential volatility, the value relevance of book value and operating cash flow doesn’t have any significant difference with the value relevance of net income. This research, as an innovation, examines the value relevance of accounting information during the essential volatility in Tehran Stock Exchange.