publication . Article . 2013

do board characteristics affect information asymmetry

Sougné, Danielle; Laouti, Mhamed; Ajina, Aymen;
Open Access
  • Published: 01 Dec 2013 Journal: International Journal of Academic Research in Business and Social Sciences, volume 3 (eissn: 2222-6990, Copyright policy)
  • Publisher: Human Resources Management Academic Research Society (HRMARS)
  • Country: Belgium
Abstract
In this paper, we investigate the empirical relationship between corporate governance and information asymmetry across a range of French firms. Based on a cross-sectional analysis, our study of the empirical relationship between corporate governance and information asymmetry involved 160 companies over the years 2008-2010. Mechanisms of corporate governance include the characteristics of the board of directors. Our results seem to indicate a significant relationship between certain mechanisms of corporate governance and the information asymmetry of the French market. These mechanisms can reduce adverse selection costs, and make exchanges more transparent. These ...
Subjects
free text keywords: adverse selection costs, : Accounting & auditing [Business & economic sciences], : Comptabilité & audit [Sciences économiques & de gestion], : Finance [Business & economic sciences], : Finance [Sciences économiques & de gestion], Empirical relationship, Accounting, business.industry, business, Adverse selection, Information asymmetry, Corporate governance
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