Financial Reporting, Regulation and Information Asymmetry
نویسنده
چکیده
Financial Reporting, Regulation and Information Asymmetry
منابع مشابه
Investigating the Effect of Information on Conservatism in Financial Statements of Accepted Companies in the Tehran Stocks' Exchange
Information asymmetry is a negative event that gives manager incentives to use his private information to attempt transferring wealth from investors by overstating financial performance and consequently, stock prices during his tenure at the firm. The manipulations generate agency costs. Conservative reporting is a mechanism that reduces the managers’ ability to manipulate and overstate financi...
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We study the influence of a major reform in financial reporting regulation – the adoption of the International Financial Reporting Standards (IFRS) – on financial decisions around the world. We find that post-IFRS: (i) firms are more likely to raise external financing and (ii) firms increase their use of equity capital if they experience a decrease in information asymmetry, operate in a high gr...
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This paper analyzes the real consequences of making a firm’s executives more accountable for the fidelity of a firm’s financial reports using a basic model of investment under asymmetric information with reporting. Greater accountability generally leads to less underinvestment but more overinvestment. The level of accountability that maximizes investment efficiency is low enough to allow some m...
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از دیدگاه تئوری نمایندگی، کیفیت گزارشگری مالی و سررسید بدهی‌ها می‌توانند عدم تقارن اطلاعاتی را کاهش داده و در نتیجه بر کارایی سرمایه گذاری مؤثر باشند. این پژوهش اثر متقابل کیفیت گزارشگری مالی و سررسید بدهی‌ها را بر کارایی سرمایه گذاری (کاهش کم سرمایه گذاری و بیش سرمایه گذاری) شرکت‌های پذیرفته شده در بورس تهران رامورد بررسی قرار می‌دهد. کیفیت گزارشگری مالی از طریق سه شاخص اندازه گیری شد و از دو ...
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Increasing the regulatory environment and expanding the scope of the regulatory standards for financial reporting has, over the past few years, reduced the cost of representation and information asymmetry and increased the level of corporate disclosure of corporate financial statements. But one of the endogenous dimensions of quality that prevents the disclosure of financial statements is a mat...
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