تحریری، آرش و افسای، اکرم (1400). تأثیر افشای زیست محیطی، اجتماعی و حاکمیتی بر تلاش حسابرس و کیفیت حسابرسی.
مجله دانش حسابداری، 12(3)، 69-88.
https://doi.org/10.22103/jak.2021.16637.3349.
دعائی، میثم؛ کریمان، زهرا و فرهادی شریفآباد، محسن (1397). نقدشوندگی و پرداخت سود سهام در شرکتهای پذیرفتهشده در بورس اوراق بهادار تهران.
فصلنامه بورس اوراق بهادار،10(40)، 138-117.
https://www.sid.ir/paper/187753 .
فخاری، حسین و فلاح محمدی، نرگس (1388). بررسی تأثیر افشای اطلاعات بر نقدشوندگی سهام شرکتهای پذیرفته شده در بورس اوراق بهادار تهران.
تحقیقات حسابداری و حسابرسی، 1(4)، 163-148.
https://doi.org/10.22034/iaar.2009.105181.
فخاری، حسین؛ ملکیان، اسفندیارو جفاییرهنی، منیر (1396). تبیین و رتبهبندی مولفهها و شاخصهای گزارشگری زیستمحیطی، اجتماعی و راهبری شرکتی به روش تحلیل سلسهمراتبی در شرکتهای پذیرفتهشده در بورس اوراق بهادار.
حسابداری ارزشی و رفتاری، 2(4)، 187-153.
http://dx.doi.org/10.29252.
کیقبادی، امیررضا؛ صدیق بهزادی، شادان؛ طهماسبی خورنه، سعید و سیف، سمیرا (1397). تأثیر کیفیت افشای اطلاعات و عدم تقارن اطلاعاتی بر نوسانپذیری بازده سهام با استفاده از سیستم معادلات همزمان.
پژوهشنامه حسابداری مالی و حسابرسی، 10(40)، 88-69.
https://sid.ir/paper/198184/fa .
مرادزاده فرد، مهدی و ابوحمزه، مینا (1389). اثر کیفیت افشای شرکتی بر نقدشوندگی سهام در شرکتهای پذیرفته شده در بورس اوراق بهادار تهران.
مطالعات تجربی حسابداری مالی، 8(32)، 102-73.
https://dor.isc.ac/dor/20.1001.1.28210166.1389.8.32.4.1 .
ملانظری، مهناز؛ احمدی، شیما و سیلسپور، حسین (1404). بررسی عوامل مؤثر بر پذیرش، میزان و کیفیت گزارشهای پایداری: کاربست روش مرور سیستماتیک.
مجله دانش حسابداری، 16(1)، 27-50.
https://doi.org/10.22103/jak.2024.22361.3969.
ملکیان کلهبستی، اسفندیار؛ فخاری، حسین؛ جفایی رهنی، منیر (1398). بررسی تأثیر ویژگیهای هیئت مدیره شرکت بر میزان گزارشگری زیست محیطی، اجتماعی و راهبری شرکتی. مجله دانش حسابداری،10(2)، 112-77. https://doi.org/10.22103/jak.2019.12336.2729.
یعقوبنژاد، احمد و ذبیحی، علی (1390). بررسی رابطه بین کیفیت افشا و نقدشوندگی سهام شرکتهای پذیرفته شده در بورس اوراق بهادار تهران.
دانش مالی تحلیل اوراق بهادار، 4(10)، 235-217.
https://sid.ir/paper/200111.
References
Agarwal, P. (2007). Institutional ownership and stock liquidity (working paper, Cornell University). SSRN.
http://doi.org/10.2139/ssrn.1029395.
Agarwal, V., Mullally, K.A., Tang, Y., & Yang, B. (2015). Mandatory portfolio disclosure, stock liquidity, and mutual fund performance.
The Journal of Finance, 70(6), 2733-2776.
https://doi.org/10.1111/jofi.12245.
Amihud, Y. (2002). Illiquidity and stock returns: Cross-section and time-series effects.
Journal of Financial Markets, 5(1), 31-56.
https://doi.org/10.1016/S1386-4181(01)00024-6.
Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread.
Journal of Financial Economics, 17(2), 223-249.
https://doi.org/10.1016/0304-405X(86)90065-6.
Amihud, Y., & Mendelson, H. (2008). Liquidity, the value of the firm, and corporate finance.
Journal of Applied Corporate Finance, 20(2), 32-45.
https://doi.org/10.1111/j.1745-6622.2008.00179.x.
Atawnah, N., Balachandran, B., Duong, H.N., & Podolski, E.J. (2018). Does exposure to foreign competition affect stock liquidity? Evidence from industry-level import data.
Journal of Financial Markets, 39, 44-67.
https://doi.org/10.1016/j.finmar.2017.12.002.
Badolia, L. (2016). How can i get started investing in the stock market? Educreation Publishing. [
Goodreads].
Bizzotto, J., & Vigier, A. (2021). Fees, reputation, and information production in the credit rating industry.
American Economic Journal: Microeconomics, 13(2), 1-34.
https://doi.org/10.1257/mic.20180170.
Blank, H., Sgambati, G., & Truelson, Z. (2016). Best practices in ESG investing.
The Journal of Investing, 25(2), 103-112.
https://doi.org/10.3905/joi.2016.25.2.103
Butler, A.W., Grullon, G., & Weston, J.P. (2005). Stock market liquidity and the cost of issuing equity.
Journal of Financial and Quantitative Analysis, 40(2), 331-348.
https://doi.org/10.1017/S0022109000002337.
Chacko, G.C., Jurek, J.W., & Stafford, E. (2008). The price of immediacy.
The Journal of Finance, 63(3), 1253-1290.
https://doi.org/10.1111/j.1540-6261.2008.01357.x.
Chek, E.Y. (2024). The effect of ESG on stock liquidity in Malaysia (Bachelor’s project, University Tunku Abdul Rahman, Malaysia). UTAR Institutional Repository.
http://eprints.utar.edu.my/id/eprint/6386.
Chen, R., Liu, Y., Jiang, Y., & Liu, J. (2023). Does ESG performance promote vitality of capital market? Analysis from the perspective of stock liquidity.
Frontiers in Environmental Science, 11, 1132845.
https://doi.org/10.3389/fenvs.2023.1132845.
Chordia, T., Roll, R., & Subrahmanyam, A. (2000). Commonality in liquidity. Journal of financial economics, 56(1), 3-28.
https://doi.org/10.1016/S0304-405X(99)00057-4.
Chordia, T., Roll, R., & Subrahmanyam, A. (2008). Liquidity and market efficiency.
Journal of Financial Economics, 87(2), 249-268.
https://doi.org/10.1016/j.jfineco.2007.03.005.
Chung, K.H., & Chuwonganant, C. (2014). Uncertainty, market structure, and liquidity.
Journal of Financial Economics, 113(3), 476-499.
https://doi.org/10.1016/j.jfineco.2014.05.008.
Dass, N., & Massa, M. (2011). The impact of a strong bank-firm relationship on the borrowing firm.
The Review of Financial Studies, 24(4), 1204-1260.
https://doi.org/10.1093/rfs/hhp074.
Deng, X., & Cheng, X. (2019). Can ESG indices improve the enterprises’ stock market performance? An empirical study from China.
Sustainability, 11(17), 4765.
https://doi.org/10.3390/su11174765.
Dhaliwal, D.S., Li, O.Z., Tsang, A., & Yang, Y.G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting.
The Accounting Review, 86(1), 59-100.
https://doi.org/10.2308/accr.00000005.
Dimson, E., Marsh, P., & Staunton, M. (2020). Divergent ESG ratings.
The Journal of Portfolio Management, 47(1), 75–87.
https://doi.org/10.3905/jpm.2020.1.175.
Dong, H. (2024). The influence of environmental information disclosure on stock liquidity. In
Proceedings of the 4th International Conference on Informatization Economic Development and Management, 23–25.
http://dx.doi.org/10.4108/eai.23-2-2024.2345888.
Duaei, M., Kariman, Z., & Farhadi, S.A.M. (2018). Liquidity and dividend payments in the TSE listed companies.
Journal of Securities Exchange,10(40), 117-138.
https://www.sid.ir/paper/187753 [In Persian].
Duan, J.C., & Zou, Q. (2014). Liquidity and default.
https://dx.doi.org/10.2139/ssrn.2450890.
Egginton, J.F., & McCumber, W.R. (2019). Executive network centrality and stock liquidity.
Financial Management, 48(3), 849-871.
https://doi.org/10.1111/fima.12237.
Fakhari, H., & Fallah, M.N. (2009). Investigating the impact of information disclosure on liquidity of companies listed in Tehran Stock Exchange.
Accounting and Auditing Research, 1(4), 148-163.
https://doi.org/105181 [In Persian].
Fakhari, H., Malekian, E., & Jafaei, R.M. (2017). Explaining and ranking of the components and indicators of environmental, social and corporate governance reporting by analytic hierarchy process in the companies listed in Stock Exchange.
Iranian Journal of Value and Behavioral Accounting, 2(4), 153-187.
http://dx.doi.org/10.29252 [In Persian].
Feng, J., Goodell, J.W., & Shen, D. (2021). ESG rating and stock price crash risk: Evidence from China.
Finance Research Letters, 46, 102476.
https://doi.org/10.1016/j.frl.2021.102476.
Francis, J., Lafond, R., Olsson, P., & Schipper, K. (2005). The market pricing of accruals quality.
Journal of Accounting and Economics, 39(2), 295–327.
https://doi.org/10.1016/j.jacceco.2004.06.003.
Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: aggregated evidence from more than 2000 empirical studies.
Journal of Sustainable Finance & Investment, 5(4), 210-233.
https://doi.org/1118917.
Gibson Brandon, R., Krueger, P., & Schmidt, P.S. (2021). ESG rating disagreement and stock returns.
Financial Analysts Journal, 77(4), 104-127.
https://doi.org/10.1080/0015198X.2021.1963186.
Gillan, S. L., Koch, A., & Starks, L.T. (2021). Firms and social responsibility: a review of ESG and CSR research in corporate finance.
Journal of Corporate. Finance, 66, 101889.
https://doi.org/10.1016/j.jcorpfin.2021.101889.
Hameed, A., Kang, W., & Viswanathan, S. (2010). Stock market declines and liquidity.
The Journal of Finance, 65(1), 257-293.
https://doi.org/10.1111/j.1540-6261.2009.01529.x.
Harris, L. (1990). Liquidity, trading rules and electronic trading systems. (No. 91-8). [
Google Books].
Hassan, M.S., Mohd-Saleh, N., & Che Abdul Rahman, M.R. (2008). Determinant of financial instruments disclosure quality among listed firms in Malaysia.
Working Paper,
https://dx.doi.org/10.2139/ssrn.1157788.
Hoseinzade, E., & Haratizadeh, S. (2019). CNN red: CNN-based stock market prediction using a diverse set of variables. Expert Systems with Applications, 129, 273-285.
https://doi.org/10.1016/j.eswa.2019.03.029.
Hwang, C.Y., Titman, S., & Wang, Y. (2021). Investor tastes, corporate behavior, and stock returns: an analysis of corporate social responsibility.
Management Science, 68(10), 7131-7152. [
RePec].
Jensen, M.C., & Meckling, W.H. (2019). Theory of the firm: Managerial behavior, agency costs and ownership structure.
In Corporate Governance, 77-132.
https://doi.org/10.1016/0304-405X(76)90026-X.
Keyghobadi, A., Sedigh, B.S., Tahmasbi, S., & Seyf, S. (2019). The effect of information disclosure quality and information asymmetry on stock return volatility by using simultaneous equations.
The Financial Accounting and Auditing Researches, 10(40), 69-88.
https://sid.ir/paper/198184 [In Persian].
Koh, H.K., Burnasheva, R., & Suh, Y.G. (2022). Perceived ESG (environmental, social, governance) and consumers’ responses: The mediating role of brand credibility, Brand Image, and perceived quality.
Sustainability, 14(8), 4515.
https://doi.org/10.3390/su14084515.
Luo, D. (2022). ESG, liquidity, and stock returns.
Journal of International Financial Markets, Institutions and Money, 78, 101526.
https://doi.org/10.1016/j.intfin.2022.101526.
Malekian Kallebasti, E., Fakhari, H., & Jafaei, M. (2019). Impact of board of directors' characteristics on environmental, social, and corporate governance reporting.
Journal of Accounting Knowledge, 10(2), 112-77.
https://doi.org/jak.2729 [In Persian].
Masulis, R.W., & Reza, S.W. (2015). Agency problems of corporate philanthropy.
The Review of Financial Studies, 28(2), 592–636.
https://doi.org/10.1093/rfs/hhu082.
Meling, T.G. (2021). Anonymous trading in equities.
The Journal of Finance, 76(2), 707-754.
https://doi.org/12988.
Meng-tao, C., Da-peng, Y., Wei-qi, Z., & Qi-jun, W. (2023). How does ESG disclosure improve stock liquidity for enterprises—empirical evidence from China.
Environmental Impact Assessment Review, 98, 106926.
https://doi.org/106926.
Miraskari, S.R., & Rezaei Pitenoei, Y. (2024). Investigating the factors influencing ease of doing business in Gilan province.
Business Process Management Journal, 30(7), 2642-2664.
https://doi.org/10.1108/BPMJ-01-2024-0032.
Molanazari, M., Ahmadi, S., & Seilsepoor, H. (2024). The determinants of adoption, quantity and quality of sustainability reports: Using systematic review.
Journal of Accounting Knowledge, 16(1), 27-50.
https://doi.org/jak.3969 [In Persian].
Moradzadeh Fard, M., & Abouhamzeh, M. (2010) The effect of the quality of corporate disclosure on stock liquidity by Tehran Stock Exchange (TSE) listed companies.
The Journal of Empirical Studies in Financial Accounting, 8(32), 73-102.
https://dor.isc.ac/dor/20.1001.1.28210166.1389.8.32.4.1 [In Persian].
Niskanan, V. V. (2009). Estimating the liquidity premium of equity indices.
Master’s Thesis, Helsinki University of Technology, Espoo, Finland.
https://urn.fi/URN:NBN:fi:aalto-2020120555549.
Ogunrinola, I.I., & Motilewa, D.B. (2015). Stock market liquidity and economic growth in Nigeria (1980 to 2012).
Journal of Economics and International Business Management, 3(6), 2384-7328. [
PDF].
Oliveira, L., Lima Rodrigues, L., & Craig, R. (2006). Firm‐specific determinants of intangibles reporting: evidence from the Portuguese stock market.
Journal of Human Resource Costing & Accounting, 10(1), 11-33.
https://doi.org/2657.
Svanes, K., & Øyaas, C.B. (2021). Stock market liquidity and sustainability: Exploring the effect of ESG performance on liquidity in Brazil’s and Germany’s stock market.
Master's Thesis, University of Stavanger Business School, Uis Brage.
https://hdl.handle.net/11250/2780084.
Tahriri, A., & Afsay, A. (2021). The impact of environmental, social and governance disclosure on auditor effort and audit quality.
Journal of Accounting Knowledge, 12(3), 69-88.
https://doi.org/16637.3349 [In Persian].
Welker, M. (1995). Disclosure policy, information asymmetry and liquidity in equity markets.
Contemporary Accounting Research, 11(2), 801-828. DOI:
10.1111/j.1911-3846.1995.tb00467.x.
White, G., Lee, A., & Tower, G. (2007). Drivers of voluntary intellectual capital disclosure in listed biotechnology companies.
Journal of Intellectual Capital, 8(3), 517-537.
https://doi.org/10.1108/14691930710774894.
Yaghobnezhad, A., & Zabihi, A. (2011). The Relationship between disclosure quality and stock liquidity in listed Companies on Tehran stock exchange.
Financial Knowledge of Security Analysis (Financial Studies), 4(10), 217-235.
https://sid.ir/paper/200111 [In Persian].
Zhang, L., & Ding, S. (2006). The effect of increased disclosure on cost of capital: evidence from China.
Review of Quantitative Finance and Accounting, 27, 383-401.
https://link.springer.com/article/10.1007/s11156-006-0044-1.