Methods for Examining Information Asymmetry in Enterprises in the Case of Capital Allocation

Kubiak, Jarosław

doi:10.33119/gn/101081

Cited by 4 publications

(1 citation statement)

References 20 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Information asymmetry was first coined by Akerlof (1970). Information asymmetry is a situation where one group of people has the knowledge that is not easily accessible to others (Beggs, Fischer & Dornbusch, 2007), and it is one of the major economic problems in the society (Kubiak, 2011). Akerlof (1970) used the automobile and insurance markets to demonstrate the effect of information asymmetry on the two markets.…”

Section: Literature Review 21 Theoretical Framework and Hypotheses De...mentioning

confidence: 99%

Does Foreign Ownership and Foreign Board Member Improve the Quantity and Quality of Sustainability Reporting Among Non-Financial Listed Firms in Nigeria?

Adesina,

Asaolu,

Nwidobie

2023

CIJDS

View full text Add to dashboard Cite

The purpose of this study is to investigate the impact of foreign ownership and directorship on sustainability disclosures of non-financial listed firms in the developing countries. Sample consisted of 30 firms across the seven sectors of non-financial listed firms in Nigeria, covering a period of 5 years, 2016 – 2020. Analysis of data collected was carried out from three perspectives, first content analysis of sustainability quantity and quality disclosures by the sampled firms, using 97 indicators based on the GRI 2016 standards was carried out, with the 30 firms divided into two, firms with and without foreign ownership and directorship. The result was analysed using t-test to determine whether there was a significant difference between the means of the two groups. Then correlation between sustainability disclosures and foreign ownership and directorship was determined. Finally, an ordinary pooled regression analysis was carried out to determine the effect of foreign ownership and directorship on sustainability disclosures. T-test results showed positive significant difference between sustainability reporting quantity and quality disclosures of firms with and without foreign ownership and directorship. It was also found that sustainability quantity and quality disclosures were positively correlated with foreign ownership and directorship. Furthermore, the regression analysis showed that foreign ownership has a positive significant effect on sustainability quantity disclosure at 5% (0.150) but an insignificant effect on sustainability quality disclosures. Foreign directorship has positive significant effect on sustainability quantity and quality disclosures at 1% (9.731) and 5% (6.466) respectively. It is recommended that sustainability reporting should be made compulsory by the Financial Reporting Council of Nigeria, having adopted the first two standards issued by the International Sustainability Standards Board (ISSB).

show abstract

Section: Literature Review 21 Theoretical Framework and Hypotheses De...mentioning

confidence: 99%

Does Foreign Ownership and Foreign Board Member Improve the Quantity and Quality of Sustainability Reporting Among Non-Financial Listed Firms in Nigeria?

Adesina,

Asaolu,

Nwidobie

2023

CIJDS

View full text Add to dashboard Cite

show abstract

Wpływ Asymetrii Informacji Na Wykorzystanie Długu Krótkoterminowego W Wybranych Państwach Europy

Kubiak

Czapiewski

2015

Folia Oeconomica

View full text Add to dashboard Cite

W artykule badano związek poziomu asymetrii informacji z zakresem wykorzystania długu krótkoterminowego przez przedsiębiorstwa w 5 państwach Europy: we Francji, w Grecji, Niemczech, Wielkiej Brytanii oraz Włoszech. Asymetria informacja była mierzona za pomocą Syntetycznej Miary Asymetrii Informacji skonstruowanej na podstawie 9 wskaźników. Przedstawione analizy wskazują na to, że zgodnie z oczekiwaniami wynikającymi z teorii struktury kapitału, przedsiębiorstwa charakteryzujące się wyższym poziomem asymetrii informacji mają wyższy poziom długu krótkoterminowego. Asymetria informacji jest zatem ważną determinantą czasowej struktury długu, przy czym siła związku asymetrii informacji z wykorzystaniem długu krótkoterminowego jest uzależniona od cech charakterystycznych systemu finansowego poszczególnych państw.

show abstract

Struktura kapitału przedsiębiorstw budowlanych notowanychi nienotowanych na rynku kapitałowym

Mądra-Sawicka

Kalisiak

2017

ZFiR

View full text Add to dashboard Cite

The objective of the study was an evaluation of the differences in the capital structure among Polish construction companies listed and non-listed on the Warsaw Stock Exchange. The study was conducted in 2012–2015. The research compares two groups: 39 companies listed on the stock and 151 companies nonlisted but with the value of the highest total revenues during the research period (for entities with NAICS 23 which was awarded as the main activity). The study confirmed that there is a significant differentiation of capital structure among studied enterprise groups. The group of nonlisted companies was characterized by lower and more diversified exposure to long-term debt. Moreover, in those entities, there was no tendency towards higher equity involvement with higher debt level.

show abstract

Methods for Examining Information Asymmetry in Enterprises in the Case of Capital Allocation

Cited by 4 publications

References 20 publications

Does Foreign Ownership and Foreign Board Member Improve the Quantity and Quality of Sustainability Reporting Among Non-Financial Listed Firms in Nigeria?

Does Foreign Ownership and Foreign Board Member Improve the Quantity and Quality of Sustainability Reporting Among Non-Financial Listed Firms in Nigeria?

Wpływ Asymetrii Informacji Na Wykorzystanie Długu Krótkoterminowego W Wybranych Państwach Europy

Struktura kapitału przedsiębiorstw budowlanych notowanychi nienotowanych na rynku kapitałowym

Contact Info

Product

Resources

About