Examining relationship between Information asymmetry and mispricing of accruals
The purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Exchange Market. hence, we hypothesize that there is a significant positive relationship between the level of information asymmetry and mispricing of accruals. we im...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2014-02-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_11515_d41d8cd98f00b204e9800998ecf8427e.pdf |
| _version_ | 1797378294566354944 |
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| author | maryam farajzadeh غلامرضا کرمی |
| author_facet | maryam farajzadeh غلامرضا کرمی |
| author_sort | maryam farajzadeh |
| collection | DOAJ |
| description | The purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Exchange Market. hence, we hypothesize that there is a significant positive relationship between the level of information asymmetry and mispricing of accruals. we implement Mishkin test and classification of portfolios method to respectively investigate whether there is any mispricing of accruals and its relationship with information asymmetry. Furthermore, the indirect balance sheet approach and bid-ask spread have been utilized to measure respectively accruals and information asymmetry. Thus, information of 82 entities during the time span of 5 years between 2008 to 2012 have been analyzed to test our hypothesis. The results depicts that as the level of information asymmetry enhances, the difference between coefficients of predictions and evaluation of accruals in the Mishkin test increases. In other words, as the level of information asymmetry increases, the mispricing of accruals intensifies. |
| first_indexed | 2024-03-08T20:05:47Z |
| format | Article |
| id | doaj.art-1170cb9c10b841458bbe5bd5df318ff8 |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:47Z |
| publishDate | 2014-02-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-1170cb9c10b841458bbe5bd5df318ff82023-12-23T10:35:52ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192014-02-01114410.22054/qjma.2020.9437.131811515Examining relationship between Information asymmetry and mispricing of accrualsmaryam farajzadeh0غلامرضا کرمی1کارشناس ارشدمدیر گروه حسابداری دانشکده مدیریت دانشگاه تهرانThe purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Exchange Market. hence, we hypothesize that there is a significant positive relationship between the level of information asymmetry and mispricing of accruals. we implement Mishkin test and classification of portfolios method to respectively investigate whether there is any mispricing of accruals and its relationship with information asymmetry. Furthermore, the indirect balance sheet approach and bid-ask spread have been utilized to measure respectively accruals and information asymmetry. Thus, information of 82 entities during the time span of 5 years between 2008 to 2012 have been analyzed to test our hypothesis. The results depicts that as the level of information asymmetry enhances, the difference between coefficients of predictions and evaluation of accruals in the Mishkin test increases. In other words, as the level of information asymmetry increases, the mispricing of accruals intensifies.https://qjma.atu.ac.ir/article_11515_d41d8cd98f00b204e9800998ecf8427e.pdfmispricing of accrualsinformation asymmetryefficiency marketmishkin test |
| spellingShingle | maryam farajzadeh غلامرضا کرمی Examining relationship between Information asymmetry and mispricing of accruals مطالعات تجربی حسابداری مالی mispricing of accruals information asymmetry efficiency market mishkin test |
| title | Examining relationship between Information asymmetry and mispricing of accruals |
| title_full | Examining relationship between Information asymmetry and mispricing of accruals |
| title_fullStr | Examining relationship between Information asymmetry and mispricing of accruals |
| title_full_unstemmed | Examining relationship between Information asymmetry and mispricing of accruals |
| title_short | Examining relationship between Information asymmetry and mispricing of accruals |
| title_sort | examining relationship between information asymmetry and mispricing of accruals |
| topic | mispricing of accruals information asymmetry efficiency market mishkin test |
| url | https://qjma.atu.ac.ir/article_11515_d41d8cd98f00b204e9800998ecf8427e.pdf |
| work_keys_str_mv | AT maryamfarajzadeh examiningrelationshipbetweeninformationasymmetryandmispricingofaccruals AT gẖlạmrḍạḵrmy examiningrelationshipbetweeninformationasymmetryandmispricingofaccruals |