How to cite this paper
Salehi, H., Rezaie, H & Ansari, F. (2014). Corporate governance and information asymmetry.Management Science Letters , 4(8), 1829-1836.
Refrences
Akerlof, G. A. (1970). The market for" lemons: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), 488-500.
Cai, C. X., Keasey, K., & Short, H. (2006). Corporate governance and information efficiency in security markets. European Financial Management,12(5), 763-787.
Deshmukh, S. (2005). The effect of asymmetric information on dividend policy. Quarterly Journal of Business and Economics, 44, 107-127.
Chen, W. P., Chung, H., Lee, C., & Liao, W. L. (2007). Corporate Governance and Equity Liquidity: analysis of S & P transparency and disclosure rankings. Corporate Governance: An International Review, 15(4), 644-660.
Chen, W. P., Chung, H., Hsu, T. L., & Wu, S. (2010). External financing needs, corporate governance, and firm value. Corporate Governance: An International Review, 18(3), 234-249.
Chi, J. D., & D. S. Lee (2010). The conditional nature of the value of corporate governance. Journal of Banking & Finance, Vol. 34, 350-361.
Elbadry, A., Gounopoulos, D., & Skinner, F. (2010). Governance Quality and Information Alignment.
Fehle, F. (2004). Bid-ask spreads and institutional ownership. Review of Quantitative Finance and Accounting, 22(4), 275-292.
Florackis, C., & Ozkan, A. (2009). The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data. European Financial Management, 15(3), 497-528.
Ghaemi, M. H., & Vatanparast, M. (2005). Investigating the role of accounting information in reducing information asymmetry in the Tehran Stock Exchange. Journal of Accounting and Auditing Review, 12(41), 85-103.
Haniffa, R., & Hudaib, M. (2006). Corporate governance structure and performance of Malaysian listed companies. Journal of Business Finance & Accounting, 33(7?8), 1034-1062.
Hassasyeganeh, Y. (2006), Corporate governance in Iran. Auditor Journal, 32, 40-32.
Heflin, F., & Shaw, K. W. (2000). Blockholder ownership and market liquidity. Journal of Financial and Quantitative Analysis, 35(04), 621-633.
Hillier, D., & McColgan, P. (2006). An analysis of changes in board structure during corporate governance reforms. European Financial Management, 12(4), 575-607.
Holm, C., & Sch?ler, F. (2010). Reduction of asymmetric information through corporate governance mechanisms–The importance of ownership dispersion and exposure toward the international capital market. Corporate Governance: An International Review, 18(1), 32-47.
Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behaviours agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2005). Relationship Between Analyst Forecast Properties and Equity Bid?Ask Spreads and Depths Around Quarterly Earnings Announcements. Journal of Business Finance & Accounting, 32(9?10), 1773-1799.
Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2007). Does good corporate governance reduce information asymmetry around quarterly earnings announcements?. Journal of Accounting and Public Policy, 26(4), 497-522.
Kang, S. H., Kumar, P., & Lee, H. (2006). Agency and Corporate Investment: The Role of Executive Compensation and Corporate Governance*. The Journal of Business, 79(3), 1127-1147.
Klein, L. S., O’Brien, T. J., & Peters, S. R. (2002). Debt vs. equity and asymmetric information: A review. Financial Review, 37(3), 317-349.
Miller, R. M. (2002). Can markets learn to avoid bubbles?. The Journal of Psychology and Financial Markets, 3(1), 44-52.
Morgado, A., & Pindado, J. (2003). The underinvestment and overinvestment hypotheses: an analysis using panel data. European Financial Management,9(2), 163-177.
Nouravesh, A., & Ebrahimi Kordlor, A. (2005). Investigating and explaining the relationship of shareholders with information symmetry and usefulness of accounting performance measures. Review of Accounting and Auditing, 42, 97-124.
O & apos; Neill, M., & Swisher, J. (2003). Institutional Investors and Information Asymmetry: An Event Study of Self?Tender Offers. Financial Review, 38(2), 197-211.
Parkinson, J.E. (1994). Corporate Power and Responsibility. Oxford University Press Oxford.
Pawlina, G., & Renneboog, L. (2005). Is Investment?Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UK. European Financial Management, 11(4), 483-513.
Peasnell, K. V., Pope, P. F., & Young, S. (2005). Board monitoring and earnings management: do outside directors influence abnormal accruals?. Journal of Business Finance & Accounting, 32(7?8), 1311-1346.
Perotti, E. C., & Thadden, V. (2003). Strategic transparency and informed trading: will capital market integration force convergence of corporate governance?. Journal of Financial and Quantitative Analysis, 38(01), 61-86.
Rahimian, Nezamodin, Salehnezhad, S.H., & Saleki, A. (2009). The relationship between some mechanisms of corporate governance and information asymmetry in firms listed in Tehran Stock Exchange. Review of Accounting and Auditing, 16(58), 86-71.
Rahmani, A., et al. (2010). The relationship between institutional ownership and stock liquidity in Iran. Review of Accounting and Auditing, 17(61). 39-54.
Rutherford, M. A., & Buchholtz, A. K. (2007). Investigating the relationship between board characteristics and board information. Corporate Governance: An International Review, 15(4), 576-584.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783.
Spence, M., Akerlof, G., & Joseph, S. (1970). Markets with Asymmetric information.
Venkatesh, P. C., & Chiang, R. (1986). Information asymmetry and the dealer & apos; s Bid-Ask spread: A case study of earnings and dividend announcements. The Journal of Finance, 41(5), 1089-1102.
Wruck, K. (1993). Stock-based incentives and investment decisions. Journal of Accounting & Economics, 16(1-3), 373-380.
Zingales, L. (1998). Corporate Governance, The New Palgrave Dictionary of Economics and Law. MacMillan, London.
Cai, C. X., Keasey, K., & Short, H. (2006). Corporate governance and information efficiency in security markets. European Financial Management,12(5), 763-787.
Deshmukh, S. (2005). The effect of asymmetric information on dividend policy. Quarterly Journal of Business and Economics, 44, 107-127.
Chen, W. P., Chung, H., Lee, C., & Liao, W. L. (2007). Corporate Governance and Equity Liquidity: analysis of S & P transparency and disclosure rankings. Corporate Governance: An International Review, 15(4), 644-660.
Chen, W. P., Chung, H., Hsu, T. L., & Wu, S. (2010). External financing needs, corporate governance, and firm value. Corporate Governance: An International Review, 18(3), 234-249.
Chi, J. D., & D. S. Lee (2010). The conditional nature of the value of corporate governance. Journal of Banking & Finance, Vol. 34, 350-361.
Elbadry, A., Gounopoulos, D., & Skinner, F. (2010). Governance Quality and Information Alignment.
Fehle, F. (2004). Bid-ask spreads and institutional ownership. Review of Quantitative Finance and Accounting, 22(4), 275-292.
Florackis, C., & Ozkan, A. (2009). The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data. European Financial Management, 15(3), 497-528.
Ghaemi, M. H., & Vatanparast, M. (2005). Investigating the role of accounting information in reducing information asymmetry in the Tehran Stock Exchange. Journal of Accounting and Auditing Review, 12(41), 85-103.
Haniffa, R., & Hudaib, M. (2006). Corporate governance structure and performance of Malaysian listed companies. Journal of Business Finance & Accounting, 33(7?8), 1034-1062.
Hassasyeganeh, Y. (2006), Corporate governance in Iran. Auditor Journal, 32, 40-32.
Heflin, F., & Shaw, K. W. (2000). Blockholder ownership and market liquidity. Journal of Financial and Quantitative Analysis, 35(04), 621-633.
Hillier, D., & McColgan, P. (2006). An analysis of changes in board structure during corporate governance reforms. European Financial Management, 12(4), 575-607.
Holm, C., & Sch?ler, F. (2010). Reduction of asymmetric information through corporate governance mechanisms–The importance of ownership dispersion and exposure toward the international capital market. Corporate Governance: An International Review, 18(1), 32-47.
Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behaviours agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2005). Relationship Between Analyst Forecast Properties and Equity Bid?Ask Spreads and Depths Around Quarterly Earnings Announcements. Journal of Business Finance & Accounting, 32(9?10), 1773-1799.
Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2007). Does good corporate governance reduce information asymmetry around quarterly earnings announcements?. Journal of Accounting and Public Policy, 26(4), 497-522.
Kang, S. H., Kumar, P., & Lee, H. (2006). Agency and Corporate Investment: The Role of Executive Compensation and Corporate Governance*. The Journal of Business, 79(3), 1127-1147.
Klein, L. S., O’Brien, T. J., & Peters, S. R. (2002). Debt vs. equity and asymmetric information: A review. Financial Review, 37(3), 317-349.
Miller, R. M. (2002). Can markets learn to avoid bubbles?. The Journal of Psychology and Financial Markets, 3(1), 44-52.
Morgado, A., & Pindado, J. (2003). The underinvestment and overinvestment hypotheses: an analysis using panel data. European Financial Management,9(2), 163-177.
Nouravesh, A., & Ebrahimi Kordlor, A. (2005). Investigating and explaining the relationship of shareholders with information symmetry and usefulness of accounting performance measures. Review of Accounting and Auditing, 42, 97-124.
O & apos; Neill, M., & Swisher, J. (2003). Institutional Investors and Information Asymmetry: An Event Study of Self?Tender Offers. Financial Review, 38(2), 197-211.
Parkinson, J.E. (1994). Corporate Power and Responsibility. Oxford University Press Oxford.
Pawlina, G., & Renneboog, L. (2005). Is Investment?Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UK. European Financial Management, 11(4), 483-513.
Peasnell, K. V., Pope, P. F., & Young, S. (2005). Board monitoring and earnings management: do outside directors influence abnormal accruals?. Journal of Business Finance & Accounting, 32(7?8), 1311-1346.
Perotti, E. C., & Thadden, V. (2003). Strategic transparency and informed trading: will capital market integration force convergence of corporate governance?. Journal of Financial and Quantitative Analysis, 38(01), 61-86.
Rahimian, Nezamodin, Salehnezhad, S.H., & Saleki, A. (2009). The relationship between some mechanisms of corporate governance and information asymmetry in firms listed in Tehran Stock Exchange. Review of Accounting and Auditing, 16(58), 86-71.
Rahmani, A., et al. (2010). The relationship between institutional ownership and stock liquidity in Iran. Review of Accounting and Auditing, 17(61). 39-54.
Rutherford, M. A., & Buchholtz, A. K. (2007). Investigating the relationship between board characteristics and board information. Corporate Governance: An International Review, 15(4), 576-584.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783.
Spence, M., Akerlof, G., & Joseph, S. (1970). Markets with Asymmetric information.
Venkatesh, P. C., & Chiang, R. (1986). Information asymmetry and the dealer & apos; s Bid-Ask spread: A case study of earnings and dividend announcements. The Journal of Finance, 41(5), 1089-1102.
Wruck, K. (1993). Stock-based incentives and investment decisions. Journal of Accounting & Economics, 16(1-3), 373-380.
Zingales, L. (1998). Corporate Governance, The New Palgrave Dictionary of Economics and Law. MacMillan, London.