The use of quality measures of accounting informationto approximate information asymmetry
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2016, Vol 66, Issue 1
Abstract
The aim of the paper was to present the characteristics and the evaluation of the possibility to use the quality measures of accounting information for studying the level of information asymmetry between the internal and external investors of the company. The essence of the information asymmetry was characterised. The phenomenon of shaping profits was indicated as one of the reasons for the lack of credibility of financial statements. Referring to the causes of the information asymmetry, the models of the quality of accruals were indicated, as well as, the Polish Corporate Disclosure Index (PCDI), as measures enabling the relative estimation of the information asymmetry. In addition, the barriers connected with the use of these measures in practice were specified.
Authors and Affiliations
Jaroslaw Kubiak
Keywords
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