The impact of corporate governance on information asymmetry in firms listed in Tehran Stock Exchange

Information asymmetry of market brings undesired outcomes such as little participation of investors, high trade costs, weak markets, and low trade profits. Regarding to the importance of information asymmetry concept, the goal of this research is study of relationship between Corporative ownership and information asymmetry in companies accepted in Tehran Stock Exchange. A sample of ۹۷ companies, members of Tehran Stock Exchange, was selected for a ۵ year period (۲۰۰۷-۲۰۱۱). Linear regression model with confidence level of ۹۵% and software Excel and SPSS were used to test the research assumption. The results show that there a reverse (negative) relationship between Corporative ownership level with information asymmetry.

Keywords:

Information Asymmetry , Corporative ownership , Ownership structure

Authors

Ehsan Ghadrdan

Faculty Member of Accounting Department, payame Noor University, I.R. of Iran

Mohammad Rashedi

Master of Accounting, accounting Department, payame Noor University, I.R. of Iran

Certificate
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https://civilica.com/doc/1748663

شناسه ملی سند علمی:

JR_UPAEI-1-1_004

تاریخ نمایه سازی: 12 شهریور 1402

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Ghadrdan, Ehsan and Rashedi, Mohammad,1391,The impact of corporate governance on information asymmetry in firms listed in Tehran Stock Exchange,https://civilica.com/doc/1748663

Scientometrics

The specifications of the publisher center of this Paper are as follows:

Ranking of Payame Noor University

Type of center: پیام نور

Paper count: 91,085

In the scientometrics section of CIVILICA, you can see the scientific ranking of the Iranian academic and research centers based on the statistics of indexed articles.