optimizing a multi-objective model to determine the optimal extent of voluntary information disclosure

Message:
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The purpose of this study is to determine the optimal level of voluntary disclosure by considering the accounting, market and performance criteria of those companies listed on Tehran Stock Exchange by different industries. In this research, we intend to use the Games software to turn the functions of a multi-objective problem into a single-objective problem. Objective functions include maximizing a variety of corporate performance metrics. To obtain values in the functions, the comprehensive criterion method (Lp-Metric) is used which was obtained by using mathematical equations of optimal voluntary disclosure values in different industries. For this purpose, the data related to 108 companies listed on Tehran Stock Exchange from 2009 to 2019 in 8 industries were collected separately. The present research is method-analytical-mathematical and applied in terms of purpose. The results show that from the 8 industries during the research, the ceramic tile industry has the lowest optimal rate of voluntary disclosure and the automotive industry and spare parts have the highest optimal rate of voluntary disclosure. The optimal rate of voluntary disclosure indicates that those industries that are more important have the highest rate of optimal disclosure.
Language:
English
Published:
International Journal of Finance and Managerial Accounting, Volume:7 Issue: 27, Autumn 2022
Pages:
31 to 45
https://www.magiran.com/p2439617  
سامانه نویسندگان
  • Hosein Kazemi
    Author (2)
    Assistant Professor Accounting, Ghazvin Branch, Islamic Azad University, Qazvin, Iran
    Kazemi، Hosein
  • Reza Ehtesham Rasi
    Author (3)
    Associate Professor Industrial Managemnt, Ghazvin Branch, Islamic Azad University, Qazvin, Iran
    Ehtesham Rasi، Reza
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