أثر حوكمة الشركات و جودة الإفصاح على عدم تناظر المعلومات في بورصة فلسطين
Other Title(s)
The effect of corporate governance and disclosure quality on information asymmetry in the PEX
Joint Authors
Source
مجلة جامعة النجاح للأبحاث-ب : العلوم الإنسانية
Issue
Vol. 36, Issue 3 (31 Mar. 2022), pp.519-554, 36 p.
Publisher
An-Najah National University Deanship of Scientific Research
Publication Date
2022-03-31
Country of Publication
Palestine (West Bank)
No. of Pages
36
Main Subjects
Engineering & Technology Sciences (Multidisciplinary)
Abstract EN
Information asymmetry is considered as a limitation to the financial market efficiency due to its effect on the liquidity and the risk of the listed stocks.
Moreover, it causes an increase in the cost of capital.
It is believed that the legal and regulatory environment and the nature of the information provided to investors mitigate information asymmetry.
Thus, this study examined the effect of governance practices, as established in the Code of Palestinian Corporate Governance, and disclosure quality (voluntary disclosure and financial disclosure quality in financial statements) of the Palestinian companies listed on the Palestine Exchange (PEX), except banks, during the period 2006-2017.
Data was obtained from the annual reports of the companies and the trading reports released by the PEX.
The relation between the study variables was estimated by Pearson correlation matrix and OLS regression estimator.
The results showed that while information asymmetry has a negative relationship with the size of the audit committee, it is positively related to the equity concentration.
Moreover, enhancing the quality of annual reports through voluntary disclosure significantly reduces information asymmetry in the PEX.
Finally, the results indicated that discretionary accruals have a significant effect in reducing information asymmetry too.
This result support the informational perspective of earnings managements, as many studies established.
American Psychological Association (APA)
أبو عليا، معز وأسامة عواد. 2022. أثر حوكمة الشركات و جودة الإفصاح على عدم تناظر المعلومات في بورصة فلسطين. مجلة جامعة النجاح للأبحاث-ب : العلوم الإنسانية،مج. 36، ع. 3، ص ص. 519-554.
https://search.emarefa.net/detail/BIM-1409538
Modern Language Association (MLA)
أبو عليا، معز وأسامة عواد. أثر حوكمة الشركات و جودة الإفصاح على عدم تناظر المعلومات في بورصة فلسطين. مجلة جامعة النجاح للأبحاث-ب : العلوم الإنسانية مج. 36، ع. 3 (آذار 2022)، ص ص. 519-554.
https://search.emarefa.net/detail/BIM-1409538
American Medical Association (AMA)
أبو عليا، معز وأسامة عواد. أثر حوكمة الشركات و جودة الإفصاح على عدم تناظر المعلومات في بورصة فلسطين. مجلة جامعة النجاح للأبحاث-ب : العلوم الإنسانية. 2022. مج. 36، ع. 3، ص ص. 519-554.
https://search.emarefa.net/detail/BIM-1409538
Data Type
Journal Articles
Language
Arabic
Notes
يتضمن هوامش.
Record ID
BIM-1409538