Relations among Earnings Quality, Information Asymmetry and Cost of Equity

Investors and creditors use income and its components to evaluate cash flows, investments and granted loans in different ways and for different purposes. This study uses panel data analysis to examine the relations among earnings quality, information asymmetry and costs of equity holders. The study...

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Autores principales:	Ghasem Blue, Masoud Hasani Alghar
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	earnings quality information asymmetry cost of equity risk and stock return Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/daa0c4b1f39347309e10fa100e86a821
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spelling	oai:doaj.org-article:daa0c4b1f39347309e10fa100e86a8212021-11-04T19:47:05ZRelations among Earnings Quality, Information Asymmetry and Cost of Equity2008-89142476-292X10.22103/jak.2014.724https://doaj.org/article/daa0c4b1f39347309e10fa100e86a8212014-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_724_f905b81c535cb0591ad9bc6842ca26c9.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XInvestors and creditors use income and its components to evaluate cash flows, investments and granted loans in different ways and for different purposes. This study uses panel data analysis to examine the relations among earnings quality, information asymmetry and costs of equity holders. The study sample consists of 72 companies listed in the Tehran Stock Exchange in the period of 1387 to 1391. The independent variables that affect cost of equity risk management and information asymmetry, take market risk, firm size, the ratio of book value to market value, the stock price and trading volume. Also, earnings quality for firm/year data have been measured, using accounting data in a 5 year period and rolling linear regression. Hypothesis test results indicated a significant positive relationship between information asymmetry and cost of equity, and a significant negative relationship between information asymmetry and earnings quality. The results also showed a non-significant relationship between earnings quality and the cost of equity.Ghasem BlueMasoud Hasani AlgharShahid Bahonar University of Kermanarticleearnings qualityinformation asymmetrycost of equityrisk and stock returnAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 17, Pp 49-75 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	earnings quality information asymmetry cost of equity risk and stock return Accounting. Bookkeeping HF5601-5689
spellingShingle	earnings quality information asymmetry cost of equity risk and stock return Accounting. Bookkeeping HF5601-5689 Ghasem Blue Masoud Hasani Alghar Relations among Earnings Quality, Information Asymmetry and Cost of Equity
description	Investors and creditors use income and its components to evaluate cash flows, investments and granted loans in different ways and for different purposes. This study uses panel data analysis to examine the relations among earnings quality, information asymmetry and costs of equity holders. The study sample consists of 72 companies listed in the Tehran Stock Exchange in the period of 1387 to 1391. The independent variables that affect cost of equity risk management and information asymmetry, take market risk, firm size, the ratio of book value to market value, the stock price and trading volume. Also, earnings quality for firm/year data have been measured, using accounting data in a 5 year period and rolling linear regression. Hypothesis test results indicated a significant positive relationship between information asymmetry and cost of equity, and a significant negative relationship between information asymmetry and earnings quality. The results also showed a non-significant relationship between earnings quality and the cost of equity.
format	article
author	Ghasem Blue Masoud Hasani Alghar
author_facet	Ghasem Blue Masoud Hasani Alghar
author_sort	Ghasem Blue
title	Relations among Earnings Quality, Information Asymmetry and Cost of Equity
title_short	Relations among Earnings Quality, Information Asymmetry and Cost of Equity
title_full	Relations among Earnings Quality, Information Asymmetry and Cost of Equity
title_fullStr	Relations among Earnings Quality, Information Asymmetry and Cost of Equity
title_full_unstemmed	Relations among Earnings Quality, Information Asymmetry and Cost of Equity
title_sort	relations among earnings quality, information asymmetry and cost of equity
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/daa0c4b1f39347309e10fa100e86a821
work_keys_str_mv	AT ghasemblue relationsamongearningsqualityinformationasymmetryandcostofequity AT masoudhasanialghar relationsamongearningsqualityinformationasymmetryandcostofequity
_version_	1718444623230140416

Relations among Earnings Quality, Information Asymmetry and Cost of Equity

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