mohammad ramezani - master of accounting in Esfahan university
Hamideh afshari - PHD student in managment at IMPS (Institute for management and planning stadies)

In this paper, we will review the relationship between disclosure qualities, liquidity of the stock return of companies shares in Tehran stock exchange. To examine the variable of disclosure quality, we took advantage of the privileges given by Tehran stock exchange and through the notice disclosure quality and sufficient informing . To test the liquidity, we applied the rate of stock turn over (This rate is defined as the number of exchanged shares during a year divided by the company s whole issued shares), known as the leading standard. To do this, we also controlled the effect of company s profitability. Finding of reviewing 310 companies from 1385 to 1392 suggest that there is a meaningful and negative relationship between disclosure quality and company s liquidity. Furthermore, there is also a positive and meaningful relationship between disclosure quality and return of company s stock (shares), but simultaneously there is no meaningful relationship between disclosure quality, liquidity and return of stock.

disclosure quality, liquidity of the shares,stock return, rate of stock turn over, profitability