چکیده:
Today's companies’ competitive environment in order to attract market capital is forcing
managers to provide managed financial statements and this is the cause of information
asymmetry in the companies. On the other hand, the disclosure of profit, which takes place
as a result the type of attitude and estimating managers, corporate profits and is done in
order to attract resources, somehow is led to the creation of asymmetry in the companies
information. In this study was to investigating the relationship between these factors with
the companies’ information asymmetry in a different approach by using the spearman
correlation coefficient. The results showed that the both factors of disclose and earnings
management have had a significant relationship with the companies’ information
asymmetry.
خلاصه ماشینی:
Investigating the relationship between earnings management, information disclosure and information asymmetry in the listed companies in Tehran Stock Exchange Ali Maleki Mehr Department of Accounting, Babol Branch, Islamic Azad University, Babol, Iran.
Keyword: Earnings Management, Disclosure, Information Asymmetry * Corresponding author: Maleki Mehr Peer review under responsibility of UCT Journal of Management and Accounting Studies INTRODUCTION Events and crises come into existence in exchanges of the world and especially black September 1997, and then the 11 September 2000 incident, revealing the story of WorldCom, Enron, Xerox, and then Parmalat in the world, and the fall of stock indices in Tehran 2004, led to the issue of transparency of financial reporting is concerned more than before.
Hence, this study is to answer this question: "Is there a relationship between earnings management, information disclosure and information asymmetry in the companies listed on the Tehran Stock Exchange?" Theoretical and research background Separating management from ownership in joint stock companies will increase the importance of financial reporting, because the management use of financial reporting in order to build relationships with capital providers.
There is a relationship between earnings management and information disclosure in the listed companies in Tehran Stock Exchange.
2. There is a relationship between earnings management and information asymmetry in the listed companies in Tehran Stock Exchange.
First hypothesis: There is a relationship between earnings management and information disclosure in the listed companies in Tehran Stock Exchange.
Second hypothesis: There is a relationship between earnings management and information asymmetry in the listed companies in Tehran Stock Exchange.