Abstract

Nowadays, information is regarded as one of the most important and applicable sources for organizations and developing information is a necessity when it comes to improving the conditions of the organization and/or developing the organizations, using information that is supported by the management can be suitable strategy that can be adopted by the organizations. In an efficient market, the information that is presented in the market rapidly affects the prices. The present study has aimed to review the relationship between stock price adjustment and accounting information quality. The statistical population of this study consists of 98 firms listed in Tehran Stock Exchange between the years 2011 and 2016. To test the research hypotheses, the least squares regression has been used. The obtained results suggest that accruals quality, loss succession, earnings smoothing have a significant impact on the delay in the adjustment of stock price and unexpected earnings don’t have a significant effect on the adjustment of stock price.