Examining Relationship between Information Asymmetry and Mispricing of Accruals
AbstractThe purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Stock Exchange. Hence, we hypothesize that there is a significant positive relationship between the level of information asymmetry and mispricing of accruals...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2015-12-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_4051_b00b04fc319518cb720fbd95c5333d0c.pdf |
| _version_ | 1797378301397827584 |
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| author | Gholamreza karami0F Maryam farajzadeh1F |
| author_facet | Gholamreza karami0F Maryam farajzadeh1F |
| author_sort | Gholamreza karami0F |
| collection | DOAJ |
| description | AbstractThe purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Stock Exchange. 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 depict 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 | 2024-03-08T20:05:53Z |
| format | Article |
| id | doaj.art-36ccae94fccb4ee5b13b3b1046e6d96a |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:53Z |
| publishDate | 2015-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-36ccae94fccb4ee5b13b3b1046e6d96a2023-12-23T10:36:14ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192015-12-0112487710410.22054/qjma.2016.40514051Examining Relationship between Information Asymmetry and Mispricing of AccrualsGholamreza karami0F0Maryam farajzadeh1F1∗ مدیر گروه حسابداری دانشکده مدیریت دانشگاه تهرانکارشناس ارشد حسابداری دانشگاه علوم اقتصادیAbstractThe purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Stock Exchange. 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 depict 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_4051_b00b04fc319518cb720fbd95c5333d0c.pdfmispricing of accrualsinformation asymmetryefficiency marketmishkin test |
| spellingShingle | Gholamreza karami0F Maryam farajzadeh1F 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_4051_b00b04fc319518cb720fbd95c5333d0c.pdf |
| work_keys_str_mv | AT gholamrezakarami0f examiningrelationshipbetweeninformationasymmetryandmispricingofaccruals AT maryamfarajzadeh1f examiningrelationshipbetweeninformationasymmetryandmispricingofaccruals |