University of Isfahan Financial Accounting Research 2322-3405 7 1 2015 03 21 Financial Reporting Quality, Debt Maturity and Investment Efficiency: Evidence from Listed Firms in the Tehran’s Stock Exchange Financial Reporting Quality, Debt Maturity and Investment Efficiency: Evidence from Listed Firms in the Tehran’s Stock Exchange 93 110 17039 FA Gholamreza Karami Associate Professor in Accounting, University of Tehran, Tehran, Iran Mohsen Moradi Joz Ph.D. Student in Accounting, University of Tehran, Tehran, Iran Davod Mohseni Namgi Ph.D. Student in Accounting, University of Tehran, Tehran, Iran Journal Article 2016 06 14 This study investigates the relationship of financial reporting quality and debt maturity with investment efficiency and their mutual effect on investment efficiency. The data of 94 companies listed in Tehran Stock Exchange over a period of 2009 to 2013 are used. The test of hypotheses is carried out using regression analysis based on pooled data. The results show that the companies with a higher financial reporting quality having higher investment efficiency as well. There is also a direct and significant relationship between investment efficiency and debt usage. The analysis of financial reporting quality and debt maturity mutual effect on investment efficiency demonstrates that the relationship between financial reporting quality and investment efficiency in the companies that have lower short-term debt is stronger. <br />  <br /><strong> </strong> <br />  This study investigates the relationship of financial reporting quality and debt maturity with investment efficiency and their mutual effect on investment efficiency. The data of 94 companies listed in Tehran Stock Exchange over a period of 2009 to 2013 are used. The test of hypotheses is carried out using regression analysis based on pooled data. The results show that the companies with a higher financial reporting quality having higher investment efficiency as well. There is also a direct and significant relationship between investment efficiency and debt usage. The analysis of financial reporting quality and debt maturity mutual effect on investment efficiency demonstrates that the relationship between financial reporting quality and investment efficiency in the companies that have lower short-term debt is stronger. <br />  <br /><strong> </strong> <br />  https://far.ui.ac.ir/article_17039_8b234de61ae56da135980cabd141ab03.pdf