|
Modeling the Interactive Effect of Disclosure Quality on Information Asymmetry Pricing
|
Mohsen Rashidi baghi1   , Vali Khodadadi * 2, Mohamad Ramzan Ahmadi3 , Hassan Farazmand4 |
1- Phd Candidate in Accounting, Shahid Chamran University of Ahvaz, Ahvaz, Iran
2- Associate Proffesor in Accounting, Shahid Chamran University of Ahvaz, Ahvaz, Iran
3- Assistant Proffesor in Accounting, Shahid Chamran University of Ahvaz, Ahvaz, Iran
4- Associate Professor in Economy, Shahid Chamran University of Ahvaz, Ahvaz, Iran |
|
|
Abstract: (2130 Views) |
| Abstract: Information flow is a key parameter in an economic activity and acts as a key factor in the emergence, stability and efficiency of capital markets. The purpose of this paper is to investigate the effect of disclosure quality on the value of information and changes in the quality of accounting information. For this purpose, the data of the companies listed in the Tehran Stock Exchange for the period of 1383 to 1394 have been extracted and the combined data regression model has been used to test the research hypotheses. The results of the research show that information asymmetry pricing is a function of disclosure quality criteria and the cost of capital arising from information fluctuates and changes in different levels of disclosure. Information asymmetry has a significant effect on the expected returns of investors, but when the level of disclosure quality changes, the cost of capital imposed on the company also fluctuates and changes. |
|
| Keywords: Disclosure Quality, Information Asymmetry, Cost of Capital |
|
|
Full-Text [PDF 1240 kb]
(665 Downloads)
|
|
Type of Study: Research |
Subject:
Special
|
|
|
|
|
|
|
| Send email to the article author |
|
|
|
| Add your comments about this article |
|
|
|
