Harmonisation of accounting standards has been an important process in response to globalisation of capital markets. “The globalisation of capital markets and the developments in telecommunications and the internet bring new significance to the need for comparable and transparent financial reporting and require new thinking by companies, investors, creditors and auditors about what financial in...

This study provides novel evidence on the role of ambiguity aversion in determining the response of mutual fund investors to historical fund performance information. We present a model of ambiguity averse investors who receive multiple performance-based signals of uncertain precision about manager skill. A key implication of the model is that when investors receive multiple signals of uncertain...

a r t i c l e i n f o Keywords: XBRL Information asymmetry Corporate disclosure Firm size Korean stock market This paper examines whether or not XBRL (eXtensible Business Reporting Language) adoption reduces information asymmetry in a stock market context. Student t-tests and multiple regression analysis were employed to examine the effect of XBRL adoption on information asymmetry in the capita...

This study examined the effect of corporate governance on labor investment efficiency, using 5178 firm-year samples from companies listed Korean stock market over period 2011 to 2019. In addition, relationship between and efficiency according whether company belongs a chaebol group was examined. Corporate measured KCGS’s ratings. tried verify inefficiency due information asymmetry is improved b...

The disclosure of integrated reporting elements can reduce information asymmetry for investors when valuing a company. This study aimed to empirically evaluate the effect manager compensation, directly or indirectly, on firm value, through mediating role elements. research sample included manufacturing companies listed Indonesia Stock Exchange (IDX) and Singapore (SGX). method analysis was PLS-...

The aims of the study were to investigate the differences in kinematics and kinetics between the dominant and nondominant leg during single-leg jumps without arm swing, and to determine the relationship between bilateral asymmetry in isokinetic knee strength and the single-leg jump. Isokinetic knee strength and single-leg jump kinematics and kinetics were measured in 11 male participants. The b...

Time irreversibility, a fundamental property of nonequilibrium systems, should be of importance in assessing the status of physiological processes that operate over a wide range of scales. However, measurement of this property in living systems has been limited. We provide a computational method derived from basic physics assumptions to quantify time asymmetry over multiple scales and apply it ...

BACKGROUND In hemiplegic gait, step length typically differs in magnitude between paretic and nonparetic sides. However, the direction of step-length asymmetry varies across stroke patients. OBJECTIVE The study sought to understand directional variations in step-length asymmetry in terms of asymmetries in forward foot placement relative to the trunk and trunk progression. METHODS A total of...

information asymmetry in stock market can increase the risk of investment which in turn increases the capital cost of firms. bhattacharya (1979) proposed a hypothesis that states dividend can act as a powerful signal in order to solve information asymmetry problem. we measured information asymmetry by lack of earnings transparency. therefore we examine the effect of earnings transparency on cap...

This paper measures enterprise digital transformation by the method of text analysis and empirically tests impact on executives' corruption. We find that higher degree enterprises, lower probability corporate conclusion is still valid under a series robustness tests. The mechanism test shows governance corruption mainly realized reducing information asymmetry alleviating agency problem. Further...