A Study of information asymmetry using Bid-Ask spread on firm value: evidence from Tehran Stock Exchange
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 4, Issue 9
Abstract
The aim of this paper is to analyze and to test the influence of the information asymmetry on firm value. To test the research hypotheses, a sample of 47 companies listed in Tehran Stock period 2007-2012 based on pooled method was taken. In these models fixed effects test is estimated. Inference is based on significant level or p-value, thus likely that less than 0.05 is rejected at the 95 percent confidence level. The results show that the information asymmetry has no effects on firm value.
Authors and Affiliations
FatemehDadbeh *| M.A of Financial management in Tehran University (corresponding author), Mona Abednazari| M.A of Accounting in Tehran University, NarjesMogharebi| M.A of Financial management in Tehran University
Keywords
Related Articles
- EP ID EP5695
- DOI -
- Views 324
- Downloads 8
Evaluating the attitude of students of Tehran University of Medical Sciences regarding to their educational field and future career; 2015-6
Background &Aims: Students as one of the basic elements of universities, organize the core body of deferments social organization in the future. Their attitudes and satisfaction of their field is an important factor in t...
Study relationship between evolutionary leadership style and creativity of stuffs (case study: governmental organization of Khoramdareh city)
Evolutionary leadership is base and a foundation to long duration changes in organizations that realize achieving to higher goal of organizational regime. Evolutionary leaders prioritize effectiveness rather than perform...
Supplication in Atar’s Mantegoteir book
Theosophy and its learning is one of the solutions in reach to holy god. In this case tears and sadness, supplication is primarily and preliminary for behavior and traverse toward theosophy. Atar Nyshapvry is one of this...
On the Origin and Meaning of the Tree of Life in the Art of Iranian Bronze Age
The motif known as the tree of life or the sacred tree is associated with mythology and religious beliefs in the art of the Near Eastern Bronze Age in particular Iran.The history of the motif goes as far back as the four...
Comparison of Ferdowsi's Moral and Educational Era with Constitutional Era
In Ferdowsi's time Shahnameh is the greatest literary work wherein a lot of different issues and epics have been pointed out. More on topics such as religion, moral advice and moral results, knowledge and virtues is cons...