Effect of Information Asymmetric on Performance in Business Groups

Information asymmetry leads to formation of inefficient information. This inefficiency may affect firm’s performance. One of the main advantages of business groups is lowering the levels of information asymmetry. This study aims at investigating the effect of information asymmetry on performance in...

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Autores principales:	Mohammad Hossein Vadeei, Pari Safari
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2015
Materias:	information asymmetry business groups firm performance Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/bf9d75b9023243a5bcfa0d7ac5959fe7
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id	oai:doaj.org-article:bf9d75b9023243a5bcfa0d7ac5959fe7
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spelling	oai:doaj.org-article:bf9d75b9023243a5bcfa0d7ac5959fe72021-11-04T19:47:54ZEffect of Information Asymmetric on Performance in Business Groups2008-89142476-292X10.22103/jak.2015.989https://doaj.org/article/bf9d75b9023243a5bcfa0d7ac5959fe72015-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_989_905827bc2695585c4766af6b33b6a2ad.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XInformation asymmetry leads to formation of inefficient information. This inefficiency may affect firm’s performance. One of the main advantages of business groups is lowering the levels of information asymmetry. This study aims at investigating the effect of information asymmetry on performance in business group. To test the research hypothesis, 1395 year-companies from listed companies in the Tehran Stock Exchange in a 10 financial year from 1382 to 1391have been studied. The results indicated that there exists a negative relationship between information asymmetry and the rate of return on assets (ROA) (firm performance). Also, the results showed that firms in business groups have higher ROA than independent firms. Additionally, the firms in variety business groups have higher ROA than the firms in the other business groups. The other findings indicated that the level of information asymmetry in the firms affiliated with business groups is less than that in the independent firms. Also, the rate of information asymmetry in the firms in variety business groups is lower than that in the firms affiliated with the other business groups.Mohammad Hossein VadeeiPari SafariShahid Bahonar University of Kermanarticleinformation asymmetrybusiness groupsfirm performanceAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 6, Iss 21, Pp 113-131 (2015)
institution	DOAJ
collection	DOAJ
language	FA
topic	information asymmetry business groups firm performance Accounting. Bookkeeping HF5601-5689
spellingShingle	information asymmetry business groups firm performance Accounting. Bookkeeping HF5601-5689 Mohammad Hossein Vadeei Pari Safari Effect of Information Asymmetric on Performance in Business Groups
description	Information asymmetry leads to formation of inefficient information. This inefficiency may affect firm’s performance. One of the main advantages of business groups is lowering the levels of information asymmetry. This study aims at investigating the effect of information asymmetry on performance in business group. To test the research hypothesis, 1395 year-companies from listed companies in the Tehran Stock Exchange in a 10 financial year from 1382 to 1391have been studied. The results indicated that there exists a negative relationship between information asymmetry and the rate of return on assets (ROA) (firm performance). Also, the results showed that firms in business groups have higher ROA than independent firms. Additionally, the firms in variety business groups have higher ROA than the firms in the other business groups. The other findings indicated that the level of information asymmetry in the firms affiliated with business groups is less than that in the independent firms. Also, the rate of information asymmetry in the firms in variety business groups is lower than that in the firms affiliated with the other business groups.
format	article
author	Mohammad Hossein Vadeei Pari Safari
author_facet	Mohammad Hossein Vadeei Pari Safari
author_sort	Mohammad Hossein Vadeei
title	Effect of Information Asymmetric on Performance in Business Groups
title_short	Effect of Information Asymmetric on Performance in Business Groups
title_full	Effect of Information Asymmetric on Performance in Business Groups
title_fullStr	Effect of Information Asymmetric on Performance in Business Groups
title_full_unstemmed	Effect of Information Asymmetric on Performance in Business Groups
title_sort	effect of information asymmetric on performance in business groups
publisher	Shahid Bahonar University of Kerman
publishDate	2015
url	https://doaj.org/article/bf9d75b9023243a5bcfa0d7ac5959fe7
work_keys_str_mv	AT mohammadhosseinvadeei effectofinformationasymmetriconperformanceinbusinessgroups AT parisafari effectofinformationasymmetriconperformanceinbusinessgroups
_version_	1718444616390279168

Effect of Information Asymmetric on Performance in Business Groups

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