Provide models for quantitication of information content using information theory

Since the first classical study conducted by Beaver (1968), the importance of quantification of the information content of accounting figures and its effect on the decisions of investors is the attention paid by the researchers he aim of this study is to provide a model for measuring the content of the message in general and financial statements in particular. This model will be able to extract the information contained in the figures of financial statements and make it possible to predict the firm's performance even though the facts are not readily acknowledged. in the aim of this study, 60 companies listed in tehran stock exchange in tehran stock exchange during the period 2000 to 2017 were analyzed. the results showed that the ratio of the lack of reliability of operational earnings and net profit, operational income, net profit and the sum of assets have generated more information content compared to the uncertainty ratio of individual variables, and reduces the concern of investors. this relation has a negative relationship with the future return of the company.