The effect of profit per share, institutional ownership and book value of shares on the relevance of information value

One of the criteria of the quality of accounting information can be considered the extent to which this information is used by the owners in decisions related to stock pricing. In other words, if the accounting information is of necessary quality according to the owners, they use it in stock valuation. Institutional owners can limit managers' ability to manage profits through continuous and effective monitoring. However, the use of this power by institutional owners is a function of the number of shares they own. If the percentage of shares of institutional owners is high, their ability to sell will decrease and naturally they will be kept for a longer period of time. The purpose of this research is to measure the impact of profit per share, institutional ownership and book value of shares on the relevance of accounting information value in companies listed on Tehran Stock Exchange. For this purpose, 112 companies during the period of 2013 to 2020 through a systematic method as the sample size of the research. was selected. The research method is descriptive-correlation. To estimate the regression model with panel data and to analyze the multiple regression using the panel-data method. The results of this research showed that the profit of each share has a positive and significant effect on the relevance value of accounting information in Tehran stock exchange, but the book value and institutional ownership have no significance on the relevance of accounting information value accepted in Tehran stock exchange.