Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 230 for “"information asymmetry"”.
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Essays On Information Asymmetry In Equity Market
Information asymmetry is a common phenomenon everywhere. This dissertation studies this phenomenon through observing the equity market both in the developed country and in the emerging market and observing both the initial price offering market and the secondary equity market. Chapter one develops …
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The Impact of Unions on Information Asymmetry
… calculated using industry-level union data, and information asymmetry. Prior literature also finds a mitigating effect from employee ownership on the negative association between union power and voluntary disclosure. Using a sample of company observations for fiscal years 2008 through 2010, I …
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Factoring in Brazil: An Information Asymmetry Approach
Finally, by using the assertion that factors take both the relative efficiency in factoring and the spread between the seller and the factor's discount rates, we can offer an alternative explanation for the apparent paradox between the need to reduce risk exposure and the choice of no-recourse …
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Essays on Information Asymmetry, Active Management, and Performance
Agency theory suggests that information asymmetry between mutual fund managers and mutual fund investors can be mitigated if managers are compensated for the private information that influences mutual fund risk and performance. This study investigates the role of active management in influencing …
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Do accruals exacerbate information asymmetry in the market?
… investors. In this study, I examine whether the information asymmetry among investors arising from this heterogeneous interpretation, implied in these empirical results, affects transactions costs in the form of the bid-ask spread and its adverse selection component. I examine this impact both, …
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Investment-Cash Flow Sensitivity Under Changing Information Asymmetry
… surrounding an exogenous shock to the firms' information asymmetry. The CPR (2007) model predicts an unambiguous increase (decrease) in investment-cash flow sensitivity when information asymmetry of the firm increases (decreases). Further, by examining the differences in the sensitivity …
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Corporate governance disclosure and information asymmetry: Evidence from South Africa
… governance disclosure, in part to reduce the information asymmetry caused by the principal-agent problem. Although the association between a company's governance disclosure and its level of information asymmetry has been explored in some developed countries, there is a gap in knowledge on this …
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INTERNAL CONTROL QUALITY AND INFORMATION ASYMMETRY IN THE SECONDARY LOAN MARKET
… as a proxy for the internal control quality, and information asymmetry (IA) in the secondary loan market. Second, it identifies which types of ICDs exacerbate conditions of information asymmetry in the secondary loan market. Third, it investigates whether firms that remediate or take corrective …
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How does the information environment affect information asymmetry around earnings announcements?
This paper shows that the information environment is an important determinant of private information acquisition and changes in information asymmetry around earnings announcements. I create a sample of earnings announcements from 39 countries and investigate whether firm and country-level variation …
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The Effect of 2004 8-K Expansion on Information Asymmetry Among Investors
<p>Disclosure complexity may increase the information asymmetry between sophisticated and retail investors, due to unsophisticated investors’ more limited capacity to process complex disclosures. I explore whether a 2004 Securities and Exchange Commission (SEC) rule that changed the timing of …
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An Empirical Investigation of the Relationship Between Information Asymmetry and Earnings Management
… reveal a similar systematic relationship between information asymmetry and earnings management in these additional settings.
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Labelling, information asymmetry and functional foods : a case study of omega-3 enriched eggs
… net economic gain. Therefore, labeling information on health components can contribute to facilitating a healthy lifestyle with reduced medical costs, stimulating agricultural innovation, and increasing economic welfare.Realizing the positive overall impact that the current consumption …
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The Information Asymmetry with SME Tax Disclosures: Should they Stay, or Should They Go?
… must endure added training to comprehend the information provided. Many thought the convergence between GAAP and International Financial Reporting Standards (IFRS) would provide relief. However, given the convergence to IFRS is seemingly postponed for eternity, the call for increased …
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Information Asymmetry and Profitability of Tomato and Butternut Value Chains: A case of Nwanedi Agri-hub
… Additionally, there are concerns regarding information asymmetry along the value chain, which may disadvantage smallholder farmers. This study aimed to address these gaps by mapping and characterizing the value chains for tomato and butternut crops and comparing the value creation and …
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A study of the disclosure policy effect on information asymmetry and analyst behaviour in South Africa
Includes bibliographical references.
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Information asymmetry and obstacles on SMMEs growth in the rural Areas of uThungulu district municipality of KwaZulu-Natal
Information asymmetry is regarded as factors that affect SMMEs and issues hindering SMMEs growth which include management skills, market access and lack of training. This is supported by Rogerson (2008) that several challenges facing SMMEs development in South Africa have been unapproachable. …
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How financial intermediation affects information asymmetry and the uptake of life insurance in marginalized communities in South Africa
The study explores the impact of information asymmetry and intermediation on the uptake of life insurance in low-income communities in South Africa. The study was motivated by the significantly high penetration of funeral cover in low-income communities with a relatively low adoption of life …
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Behavioral explanation for mispricing of IPO's discretionary current accruals and impact of firm's information environment of information asymmetry
… following, and company news relate to the information asymmetry between insiders and outsiders. Corporations' timely disclosures of value relevant information and information collection by outsiders reduce information asymmetry, limiting insiders' ability to trade profitably on private …
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