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The Aggregate Effects of Decentralized Knowledge Production : Financial Bloggers and Information Asymmetries in the Stock Market
Saxton, Gregory D. - 2014
New media have markedly enhanced individuals' capacity to produce and disseminate original knowledge; however, the literature has not extensively examined the broad effects of such decentralized production processes. The current study thus focuses on a unique context — the stock market — in...
Persistent link: https://www.econbiz.de/10013055288
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IFRS adoption, stock price synchronicity and firm-specific information in Indonesia stock market
Rosmianingrum, Dwi Astuti; Mohammed, Nor Farizal; … - In: Cogent Business & Management 10 (2023) 1, pp. 1-17
disadvantages of their choices to keep implementing IFRS in Indonesia. …This is the first study to explore the impact of Indonesia's adoption of International Financial Reporting Standards … (IFRS) on information flow and stock price informativeness throughout the pre-IFRS (2007-2011), transition (2012-2014), and …
Persistent link: https://www.econbiz.de/10014527528
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Why do foreign investors underperform domestic investors in trading activities? : evidence from Indonesia
Agarwal, Sumit; Faircloth, Sheri; Liu, Chunlin; Rhee, … - In: Journal of financial markets 12 (2009) 1, pp. 32-53
Persistent link: https://www.econbiz.de/10003803002
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Does the stock market make firms more productive?
Bennett, Benjamin; Stulz, René M.; Wang, Zexi - 2018
Management, directly or indirectly, learns from its firm's stock price, so that a more informative stock price should make the firm more productive. We show that stock price informativeness increases firm productivity. We predict and confirm that the productivity of smaller and younger firms,...
Persistent link: https://www.econbiz.de/10011969091
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Real Earnings Management and Information Asymmetry in the Equity Market
Abad, David - 2016
The literature suggests that real earnings management (REM) activities can increase adverse selection-risk in capital markets. Due to their opacity and the difficulties in understanding their implications, REM strategies may increase the level of information asymmetry among investors. This paper...
Persistent link: https://www.econbiz.de/10012979415
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The impacts of state ownership on information asymmetry : evidence from an emerging market
Choe, Chong-mu; Sami, Heibatollah; Zhou, Haiyan - In: China journal of accounting research : CJAR 3 (2010), pp. 13-50
This study examines the effect of corporate ownership on information asymmetry as measured by bid-ask spread in the emerging markets of China. Government ownership has significant and positive impacts on bid-ask spread during the period 1995–2000, but disappears afterward during 2001–2003....
Persistent link: https://www.econbiz.de/10011823458
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IAS 41 and stock price informativeness
Hsu, Audrey Wen-hsin; Liu, Sophia; Sami, Heibatollah; … - In: Asia-Pacific journal of accounting & economics : … 26 (2019) 1/2, pp. 64-89
Persistent link: https://www.econbiz.de/10012173934
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On the Relation Between Information Asymmetry and Real Earnings Management in Tehran Stock Exchange
Adili, Mojtaba - 2010
This paper conducts an empirical investigation of the relationship between information asymmetry and real activities manipulation. When information asymmetry is high, stakeholders do not have sufficient resource, incentives, or access to relevant information to monitor manager‘s actions, which...
Persistent link: https://www.econbiz.de/10013145170
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Voluntary Disclosure During Equity Offerings : Reducing Information Asymmetry or Hyping the Stock?
Lang, Mark H.; Lundholm, Russell J. - 2012
We examine corporate disclosure activity around seasoned equity offerings and its effect on stock prices. If a firm's disclosures can increase the proceeds from security issuance, either by reducing information asymmetry or by "hyping" the stock, it will enjoy a lower cost of equity capital at...
Persistent link: https://www.econbiz.de/10014074637
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Relevance of Accrual Anomaly Information in Stock Portfolio Formation - Case Study : Indonesia Stock Exchange
Pasaribu, Rowland Bismark - 2011
The accrual information is discussed in light of multifactor factor asset pricing theory. It is argued that the capital market processes information efficiently, and that low accruals firms are risky and therefore earn higher average returns. In other words, the level of accruals proxies for the...
Persistent link: https://www.econbiz.de/10013123885