Accounting similarities, sophisticated investors, relevance and information asymmetry DOI Creative Commons
Alireza Azarberahman,

Saeed Pakdelan,

Malihe Tohidinia

et al.

International Journal of Applied Economics Finance and Accounting, Journal Year: 2023, Volume and Issue: 17(1), P. 186 - 201

Published: Aug. 11, 2023

Information asymmetry is a phenomenon in the capital market that can be caused by various factors. The purpose of this paper to contribute debate on whether information affected factors such as accounting comparability, sophisticated investors, and relevance, therefore, its value-relevance for decision-making. uses three methods criteria (VOLTRADE, PNSY bid-ask spread) well two measuring comparability (text mining De-Franco). Therefore, it feasible test compare different with asymmetry. results study indicate practises has notable adverse impact Additionally, was observed investors have ability moderate relationship. We find relevance significant relation Furthermore, been determined exerts substantial influence within an imperfectly competitive market, opposed characterised perfect competition. these findings underscore significance considering conditions competition levels issue. Ultimately, our cash flow component asymmetry, contrast accrual component. This provides new insights regarding nexus between financial

Language: Английский

Accounting similarities, sophisticated investors, relevance and information asymmetry DOI Creative Commons
Alireza Azarberahman,

Saeed Pakdelan,

Malihe Tohidinia

et al.

International Journal of Applied Economics Finance and Accounting, Journal Year: 2023, Volume and Issue: 17(1), P. 186 - 201

Published: Aug. 11, 2023

Information asymmetry is a phenomenon in the capital market that can be caused by various factors. The purpose of this paper to contribute debate on whether information affected factors such as accounting comparability, sophisticated investors, and relevance, therefore, its value-relevance for decision-making. uses three methods criteria (VOLTRADE, PNSY bid-ask spread) well two measuring comparability (text mining De-Franco). Therefore, it feasible test compare different with asymmetry. results study indicate practises has notable adverse impact Additionally, was observed investors have ability moderate relationship. We find relevance significant relation Furthermore, been determined exerts substantial influence within an imperfectly competitive market, opposed characterised perfect competition. these findings underscore significance considering conditions competition levels issue. Ultimately, our cash flow component asymmetry, contrast accrual component. This provides new insights regarding nexus between financial

Language: Английский

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