Modeling the effect of environmental corporate governance rating in the pricing information asymmetry
Publish place: Iranian Journal of Finance، Vol: 5، Issue: 1
Publish Year: 1400
Type: Journal paper
Language: English
View: 171
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Document National Code:
JR_IJFIFSA-5-1_004
Index date: 13 April 2022
Modeling the effect of environmental corporate governance rating in the pricing information asymmetry abstract
Information flow is a key parameter in an economic activity that acts as the main factor in the capital market emergence, stability, and efficiency. The purpose of the current research is to investigate the effect of the environmental points of cooperate governance on the pricing of information asymmetry. In this regard, we have extracted data related to companies accepted in the "Tehran Stock Exchange" from 2009 to 2018, and a panel-data regression model was utilized to test research hypnosis. The results show that information asymmetry and environmental points of cooperate governance have a significant effect on the expected return (cost of capital) on an investment. In addition, the effect of environmental points of cooperate governance on the relationship between the information asymmetry and the cost of capital has been verified. Finally, the results show that environmental points of cooperate governance leads to the differences in the cost of capital in the different levels of information asymmetry.
Modeling the effect of environmental corporate governance rating in the pricing information asymmetry Keywords:
Modeling the effect of environmental corporate governance rating in the pricing information asymmetry authors
Jaafar Babajani
Prof., Department of Accounting, Faculty of Accounting and Management, Allameh Tabataba i University, Tehran, Iran.
Mohsen Akbari
Ph.D. Candidate, Department of Accounting, Faculty of Accounting and Management, Allameh Tabataba i University, Tehran, Iran.
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