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The Relationship between Level of Voluntary Disclosure in Internet and Information Asymmetry in Companies Listed on the Tehran Stock Exchange

Author

Listed:
  • Omid Ahad Pour

    (Department of Accounting, Islamic Azad University, Rasht Branch, Rasht, Iran,)

  • Peyman Imanzadeh

    (Department of Accounting, Islamic Azad University, Talesh Branch, Talesh, Iran.)

Abstract

The purpose of this study was to investigate the relationship between Internet-based disclosures with information asymmetry of listed companies in Tehran stock exchange between 2009 and 2014. In the present study, the sampling, purposive sampling method, which is used on the systematic elimination of 85 companies were selected. In order to assess the exact impact of each factor on the dependent variables, each of these components in main hypotheses were tested and handed intended. The results showed an inverse relationship between the level of voluntary disclosure on the Internet and meaningful information asymmetry exists.

Suggested Citation

  • Omid Ahad Pour & Peyman Imanzadeh, 2017. "The Relationship between Level of Voluntary Disclosure in Internet and Information Asymmetry in Companies Listed on the Tehran Stock Exchange," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 299-303.
    • Handle: RePEc:eco:journ1:2017-03-39
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    References listed on IDEAS

    as
    1. Robert M. Bushman & Abbie Smith, 2003. "Transparency, financial accounting information, and corporate governance," Economic Policy Review, Federal Reserve Bank of New York, vol. 9(Apr), pages 65-87.
    2. Christopher S. Armstrong & John E. Core & Daniel J. Taylor & Robert E. Verrecchia, 2011. "When Does Information Asymmetry Affect the Cost of Capital?," Journal of Accounting Research, Wiley Blackwell, vol. 49(1), pages 1-40, March.
    3. Fu, Renhui & Kraft, Arthur & Zhang, Huai, 2012. "Financial reporting frequency, information asymmetry, and the cost of equity," Journal of Accounting and Economics, Elsevier, vol. 54(2), pages 132-149.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Voluntary Disclosure in Internet; Information Asymmetry; Stock Exchange;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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