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The effect of accounting disclosure quality and information asymmetry on the stock market activity ? an applied study on listed companies in the Egyptian stock market

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  • Hesham Abdelghany

    () (alexandria university)

Abstract

The research investigated the impact of accounting disclosure quality and information asymmetry on the Egyptian stock market activity. The research provided some insights for the efficiency of the Egyptian stock market and how accounting disclosures play an active role in certain circumstances leading to reducing the informational gap between investors and management and enhancing the responsiveness to information in terms of increase in stock prices, transactions volume and transactions value. Data has been collected for companies listed in the Egyptian stock market for the period from 2002 through 2014. Research sample comprised of 60 companies which results in 780 observations for the research. I found that there are significant association between both accounting disclosure quality and information asymmetry and the stock market activity.

Suggested Citation

  • Hesham Abdelghany, 2015. "The effect of accounting disclosure quality and information asymmetry on the stock market activity ? an applied study on listed companies in the Egyptian stock market," Proceedings of International Academic Conferences 2704127, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:2704127
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    File URL: https://iises.net/proceedings/18th-international-academic-conference-london/table-of-content/detail?cid=27&iid=001&rid=4127
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    References listed on IDEAS

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    More about this item

    Keywords

    accounting disclosure quality;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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