NDLI: The Study of Relationship between Information Asymmetry and Concentration of Ownership with Profit Management in the Listed Companies in Tehran Stock Exchange

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The Study of Relationship between Information Asymmetry and Concentration of Ownership with Profit Management in the Listed Companies in Tehran Stock Exchange

Content Provider	Semantic Scholar
Author	Azandaryani, Negin Haji Javid, Darush Soleimani, Hosein
Copyright Year	2014
Abstract	Generally, it is supposed that the presence of institutional investors may lead to the change in company's behavior. The purpose of this study is to study the relationship between information asymmetry and ownership concentration with profit management in 119 listed companies in Tehran Stock Exchange. The period of study is from 2006 to 2011. At the first hypothesis of the study, it is predicted that there is a significant relationship between ownership concentration and information asymmetry. Results represent a significant relation between this variable with information asymmetric. In other words, with increasing of ownership concentration during the study period, information asymmetry in the sample companies increased. During the second hypothesis, it is predicted that there is a significant relationship between profit management and information asymmetry and ownership concentration. Results confirm the second hypothesis. According to the achieved results, it is recommended to investors and analysts to pay attention to factors such as combination of ownership and information asymmetry of companies along with the figures given by the companies and capital market for short-term and long term investment decisions. Keywords: Information Asymmetry - Ownership Concentration - Profit Management
Starting Page	344
Ending Page	358
Page Count	15
File Format	PDF HTM / HTML
DOI	10.12816/0018917
Volume Number	4
Alternate Webpage(s)	http://www.arabianjbmr.com/pdfs/KD_VOL_4_1/32.pdf
Alternate Webpage(s)	https://doi.org/10.12816/0018917
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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