The Relationship between Disclosure of Social Responsibility Information and accuracy of managers Forecast

The purpose of this paper is to investigate the relationship between disclosure of social responsibility information and the accuracy of managers' prediction in firms listed on the Tehran Stock Exchange. According to the hypothesis of transparent disclosure based on the stakeholder theory, these two variables have a positive relationship and according to the hypothesis of opportunistic disclosure based on agency theory, the relationship between these two variables is negative. The study period includes the years 2012 to 2016 and the selected sample consists of 89 companies listed on Tehran Stock Exchange. We used in order to test the hypothesis of the research, also the least squares regression method. The results show that there is a positive significant effect between the disclosure of social responsibility information and the accuracy of managers' prediction, which confirms the hypothesis of transparent disclosure of stakeholder theory.