Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty

This study investigates the relationship between earnings management and information asymmetry under the condition of environmental uncertainty. In this study, to quantify earnings management, the models based on discretionary accruals (from Dechow et al, 2002 and Kothari et al, 2005) were used. Sta...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Ali Saghafi, Mohsen Moradi Joz, Hosseinali Sohrabi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	earnings management discretionary accruals information asymmetry environmental uncertainty Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/79c8e83210834d40892566ad033326bc
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:79c8e83210834d40892566ad033326bc
record_format	dspace
spelling	oai:doaj.org-article:79c8e83210834d40892566ad033326bc2021-11-04T19:47:05ZRelationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty2008-89142476-292X10.22103/jak.2014.722https://doaj.org/article/79c8e83210834d40892566ad033326bc2014-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_722_c91b6ec159e03b4e8d1c887a72f622cf.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study investigates the relationship between earnings management and information asymmetry under the condition of environmental uncertainty. In this study, to quantify earnings management, the models based on discretionary accruals (from Dechow et al, 2002 and Kothari et al, 2005) were used. Standard deviation of the stock price and bid ask spread models were also used for information asymmetry. Three hypotheses were formulated and tested. The data of 101 firms (505 firm/years) from the Tehran Stock Exchange in the period of 1387 to 1391 was collected and tested, using multi-variable regression panel model. The empirical findings indicate that all the three hypotheses are confirmed. That is, earnings management and environmental uncertainty variables have significant relationships with information asymmetry, and the both lead to increasing information asymmetry. In addition, findings show that environmental uncertainty results in weakening the relationship between earnings management and information asymmetry.Ali SaghafiMohsen Moradi JozHosseinali SohrabiShahid Bahonar University of Kermanarticleearnings managementdiscretionary accrualsinformation asymmetryenvironmental uncertaintyAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 17, Pp 7-27 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	earnings management discretionary accruals information asymmetry environmental uncertainty Accounting. Bookkeeping HF5601-5689
spellingShingle	earnings management discretionary accruals information asymmetry environmental uncertainty Accounting. Bookkeeping HF5601-5689 Ali Saghafi Mohsen Moradi Joz Hosseinali Sohrabi Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
description	This study investigates the relationship between earnings management and information asymmetry under the condition of environmental uncertainty. In this study, to quantify earnings management, the models based on discretionary accruals (from Dechow et al, 2002 and Kothari et al, 2005) were used. Standard deviation of the stock price and bid ask spread models were also used for information asymmetry. Three hypotheses were formulated and tested. The data of 101 firms (505 firm/years) from the Tehran Stock Exchange in the period of 1387 to 1391 was collected and tested, using multi-variable regression panel model. The empirical findings indicate that all the three hypotheses are confirmed. That is, earnings management and environmental uncertainty variables have significant relationships with information asymmetry, and the both lead to increasing information asymmetry. In addition, findings show that environmental uncertainty results in weakening the relationship between earnings management and information asymmetry.
format	article
author	Ali Saghafi Mohsen Moradi Joz Hosseinali Sohrabi
author_facet	Ali Saghafi Mohsen Moradi Joz Hosseinali Sohrabi
author_sort	Ali Saghafi
title	Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
title_short	Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
title_full	Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
title_fullStr	Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
title_full_unstemmed	Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty
title_sort	relationship between earnings management and information asymmetry in the condition of environmental uncertainty
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/79c8e83210834d40892566ad033326bc
work_keys_str_mv	AT alisaghafi relationshipbetweenearningsmanagementandinformationasymmetryintheconditionofenvironmentaluncertainty AT mohsenmoradijoz relationshipbetweenearningsmanagementandinformationasymmetryintheconditionofenvironmentaluncertainty AT hosseinalisohrabi relationshipbetweenearningsmanagementandinformationasymmetryintheconditionofenvironmentaluncertainty
_version_	1718444600230674432

Relationship between Earnings Management and Information Asymmetry in the Condition of Environmental Uncertainty

Ejemplares similares