Design and Validation of a Model of Institutional Investors' Perception of Disclosed Accounting Information

Document Type : Research Paper

Authors

1 Department of Accounting, Qa.c., Islamic Azad University, Qazvin, Iran.

2 Department of Accounting, Tarbiat Modares University, Tehran, Iran.

Abstract

The present study was developed with the aim of designing and validating a conceptual model to explain institutional investors' perception of disclosed accounting information. In terms of data collection method, this study is classified as a descriptive-survey and non-experimental research with a cross-sectional design. In the qualitative part, the participants included academic experts in the field of financial management and accounting as well as senior managers and analysts of stock exchange brokerage companies who were selected through purposive sampling and theoretical saturation was achieved with 12 interviews. The quantitative part of the research was also followed with the statistical population of managers and experts of brokerage companies. Based on the calculation of effect size and test power, the sample size was determined as 143 people and the simple random sampling method was used. The qualitative part data was collected through semi-structured interviews and analyzed using the content analysis method and Maxqda software. In the quantitative part, a structured questionnaire was used and the data were analyzed using the partial least squares method in Smart PLS software. The results obtained indicate that the components of "information disclosure rules", "disclosure functions" and "accounting disclosure challenges" significantly affect the "institutional" and "socio-environmental" dimensions. In the next layers of the model, the "cognitive" and "informational" dimensions act as prerequisites affecting the "emotional" and "behavioral" dimensions. Finally, these cognitive, emotional and behavioral changes lead to the emergence of actions related to "financial disclosure" and "non-financial disclosure" in the behavior of institutional investors.

Keywords

Main Subjects

References

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Journal of Accounting Advances
Volume 17, Issue 1
September 2025
Pages 185-223

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History

  • Receive Date: 26 May 2025
  • Revise Date: 14 August 2025
  • Accept Date: 31 August 2025

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