A Study of information asymmetry using Bid-Ask spread on firm value: evidence from Tehran Stock Exchange
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 4, Issue 9
Abstract
The aim of this paper is to analyze and to test the influence of the information asymmetry on firm value. To test the research hypotheses, a sample of 47 companies listed in Tehran Stock period 2007-2012 based on pooled method was taken. In these models fixed effects test is estimated. Inference is based on significant level or p-value, thus likely that less than 0.05 is rejected at the 95 percent confidence level. The results show that the information asymmetry has no effects on firm value.
Authors and Affiliations
FatemehDadbeh *| M.A of Financial management in Tehran University (corresponding author), Mona Abednazari| M.A of Accounting in Tehran University, NarjesMogharebi| M.A of Financial management in Tehran University
Keywords
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