The purpose of the present study is to investigate the relationship between information asymmetry and mispricing of accruals in Tehran Exchange Market. hence, we hypothesize that there is a significant positive relationship between the level of information asymmetry and mispricing of accruals. we implement Mishkin test and classification of portfolios method to respectively investigate whether there is any mispricing of accruals and its relationship with information asymmetry. Furthermore, the indirect balance sheet approach and bid-ask spread have been utilized to measure respectively accruals and information asymmetry. Thus, information of 82 entities during the time span of 5 years between 2008 to 2012 have been analyzed to test our hypothesis. The results depicts that as the level of information asymmetry enhances, the difference between coefficients of predictions and evaluation of accruals in the Mishkin test increases. In other words, as the level of information asymmetry increases, the mispricing of accruals intensifies.
farajzadeh,M . (2014). Examining relationship between Information asymmetry and mispricing of accruals. (e11515). Empirical Studies in Financial Accounting, 11(44), e11515 doi: 10.22054/qjma.2020.9437.1318
MLA
farajzadeh,M . "Examining relationship between Information asymmetry and mispricing of accruals" .e11515 , Empirical Studies in Financial Accounting, 11, 44, 2014, e11515. doi: 10.22054/qjma.2020.9437.1318
HARVARD
farajzadeh M. (2014). 'Examining relationship between Information asymmetry and mispricing of accruals', Empirical Studies in Financial Accounting, 11(44), e11515. doi: 10.22054/qjma.2020.9437.1318
CHICAGO
M farajzadeh, "Examining relationship between Information asymmetry and mispricing of accruals," Empirical Studies in Financial Accounting, 11 44 (2014): e11515, doi: 10.22054/qjma.2020.9437.1318
VANCOUVER
farajzadeh M. Examining relationship between Information asymmetry and mispricing of accruals. Empirical Studies in Financial Accounting. 2014;11(44):e11515 (In Persian). doi: 10.22054/qjma.2020.9437.1318
