Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap
Since investors, as the main sources of corporate resources, demand complete and accurate corporate information, stock overvaluation and information asymmetry can affect investors, creditors, accounting policy makers, and consequently society as a whole. The present study focuses on public and priva...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Rasht: Javad Deljoo Shahir
2019-03-01
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| Series: | New Applied Studies in Management, Economics & Accounting |
| Subjects: | |
| Online Access: | https://www.nasme-journal.ir/article_176338_d0155ccbe67f5073acf7c8919ee6f090.pdf |
| _version_ | 1797634052530896896 |
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| author | MohammadReza Vatanparast Milad Ghasemzadeh |
| author_facet | MohammadReza Vatanparast Milad Ghasemzadeh |
| author_sort | MohammadReza Vatanparast |
| collection | DOAJ |
| description | Since investors, as the main sources of corporate resources, demand complete and accurate corporate information, stock overvaluation and information asymmetry can affect investors, creditors, accounting policy makers, and consequently society as a whole. The present study focuses on public and private lenders such as banks. Because banks are more active than other public lenders in monitoring and reviewing borrowing companies, they can recognize the overvaluation of corporate stocks and widen the bank loan debt gap. The purpose of this study is to investigate the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap. In this regard, to test the hypotheses, 94 companies in the stock exchange during the years 2011 to 2016 were selected and the hypotheses were tested using regression analysis of composite data. The results indicate that information asymmetry increases the effects of stock overvaluation on the bank loan yield gap. |
| first_indexed | 2024-03-11T12:03:22Z |
| format | Article |
| id | doaj.art-1def6b6a470344fd8365421446143309 |
| institution | Directory Open Access Journal |
| issn | 2783-3119 |
| language | English |
| last_indexed | 2024-03-11T12:03:22Z |
| publishDate | 2019-03-01 |
| publisher | Rasht: Javad Deljoo Shahir |
| record_format | Article |
| series | New Applied Studies in Management, Economics & Accounting |
| spelling | doaj.art-1def6b6a470344fd83654214461433092023-11-07T18:02:50ZengRasht: Javad Deljoo ShahirNew Applied Studies in Management, Economics & Accounting2783-31192019-03-012172110.22034/nasmea.2019.176338176338Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gapMohammadReza Vatanparast0Milad Ghasemzadeh1Islamic Azad University, Rasht Branch, IranIslamic Azad University, Rasht Branch, IranSince investors, as the main sources of corporate resources, demand complete and accurate corporate information, stock overvaluation and information asymmetry can affect investors, creditors, accounting policy makers, and consequently society as a whole. The present study focuses on public and private lenders such as banks. Because banks are more active than other public lenders in monitoring and reviewing borrowing companies, they can recognize the overvaluation of corporate stocks and widen the bank loan debt gap. The purpose of this study is to investigate the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap. In this regard, to test the hypotheses, 94 companies in the stock exchange during the years 2011 to 2016 were selected and the hypotheses were tested using regression analysis of composite data. The results indicate that information asymmetry increases the effects of stock overvaluation on the bank loan yield gap.https://www.nasme-journal.ir/article_176338_d0155ccbe67f5073acf7c8919ee6f090.pdfinformation asymmetrystock overvaluationbank loan yield gaptehran stock exchange |
| spellingShingle | MohammadReza Vatanparast Milad Ghasemzadeh Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap New Applied Studies in Management, Economics & Accounting information asymmetry stock overvaluation bank loan yield gap tehran stock exchange |
| title | Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| title_full | Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| title_fullStr | Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| title_full_unstemmed | Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| title_short | Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| title_sort | investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap |
| topic | information asymmetry stock overvaluation bank loan yield gap tehran stock exchange |
| url | https://www.nasme-journal.ir/article_176338_d0155ccbe67f5073acf7c8919ee6f090.pdf |
| work_keys_str_mv | AT mohammadrezavatanparast investigatingtheeffectofinformationasymmetryontherelationshipbetweenstockovervaluationandbankloanyieldgap AT miladghasemzadeh investigatingtheeffectofinformationasymmetryontherelationshipbetweenstockovervaluationandbankloanyieldgap |