کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7340241 1476145 2015 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Can Internet-based disclosure reduce information asymmetry?
ترجمه فارسی عنوان
آیا افشای مبتنی بر اینترنت می تواند عدم تقارن اطلاعات را کاهش دهد؟
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
چکیده انگلیسی
The Internet is widely used by listed companies to manage investor relations. Since January 2007, the French Financial Authority has required companies listed on Euronext-Paris to disclose all mandatory financial information via the Internet in order to enhance information transparency. This paper examines the impact of Internet-based disclosure on the French stock market by analyzing the relationship between information asymmetry and Internet disclosure practices. Extending previous studies on Web-based disclosure, a checklist of 40 items is developed to evaluate the level of Internet-based voluntary disclosure. Measuring information asymmetry by the spread and the probability of informed trading, we show that greater Web-based disclosure lowers information asymmetry in the French financial market.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Advances in Accounting - Volume 31, Issue 1, June 2015, Pages 115-124
نویسندگان
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