Present paper examines the impact and extent of the relationship between accounting earnings quality and liquidity risk. In fact liquidity risk shows sensitivity of investment to unpredictable changes in the market liquidity that theoretical concept of asset pricing in recent years emphasizes its importance as a systemic risk. The present thesis in order to provide empirical evidence in field of accounting earnings quality and liquidity risk analyzes financial information of 100 Tehran Stock Exchange listed Companies as a sample during the period of 2006 to 2010. The research hypothesis states that “Companies that have a high accounting earnings quality have a low liquidity risk” were acted in tow way in order to accepting or rejecting the hypothesis: using multiple regressions and cross tabulation. Based on the findings both test methods indicated a weak negative relationship between accounting earnings quality and liquidity risk.

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