Effect Of Information Asymmetry Research Articles

The effect of information asymmetry on the relationship between information complexity and audit quality

The effect of information asymmetry on the relationship between information complexity and audit quality

The Effects of Information Asymmetry on Shareholder Participation: Effective Monitoring or Disruption?

The Effects of Information Asymmetry on Shareholder Participation: Effective Monitoring or Disruption?

Company Financial Strategy's Instituonalization: Theoretical Aspects

Under today’s conditions of exogenous and endogenous challenges for economic agents, the problem of ensuring value creation for stakeholders on a long-term horizon is becoming more acute. The lack of adequately formed institutions within Ukraine’s market infrastructure adds additional complexity to the task. The aim of this paper is to identify the features of an effective financial strategy institute in Ukraine. This paper examines issue of forming and further functioning of financial strategy institute at company, industry, and state level. The problems of Ukrainian corporate sector genesis in the context of the formation of market institutions are described. The effect of information asymmetry and principal-agent conflict on the process and results of value creation for stakeholders is highlighted. Ways to reduce the influence of the principal-agent conflict through institutionalization are proposed. Paper also considers financial strategy’s institutionalization as a factor influencing investors’ interest in the company is considered. It is noted that the existing incentive tools for the company’s managers are aimed at the short-term horizon. It is emphasized that the financial strategy’s institutionalization would contribute to overcoming excessive fixation on the company’s short-term results, instead, an adequate balance would be formed regarding short- and long-term priorities at the company level. Financial strategy institute’s placement in the company’s management architecture is defined. The conducted research may be useful for researchers in the field of corporate governance and corporate finance, private and state- owned companies, industry associations, and state authorities. Prospects for future research are an in-depth analysis of the financial strategy institute’s infrastructure, in particular, in terms of its quantitative analysis and evaluation.

PENGARUH ASIMETRI INFORMASI, KAPASITAS INDIVIDU, KOMITMEN ORGANISASI, DAN LOCUS OF CONTROL TERHADAP BUDGETARY SLACK PADA PT. SARIPATI ABADI

Abstract 
 This study aims to determine whether there is an effect of information asymmetry, individual capacity, organizational commitment and locus of control on budgetary slack either simultaneously or partially at PT. Saripati Abadi. The research method in this thesis is using quantitative research, with a total sample of 58 consisting of of 2 managers, 7 staff, and production employees consisting of 49 people at PT. Saripati Abadi. The type of data used is primary data. Hypothesis testing in this study uses simple linear regression, F test and t test. The results showed that simultaneously information asymmetry, individual capacity, organizational commitment, locus of control had a significant effect on budgetary slack at PT. Saripati Abadi. In regression, the variables of information asymmetry, individual capacity, organizational commitment, and locus of control have a positive and significant effect on budgetary slack at PT. Saripati Abadi.

Pengaruh Asimetri Informasi, Ukuran Perusahaan dan Kepemilikan Manajerial Terhadap Manajemen Laba

This study aims to determine the effect of information asymmetry, firm size and managerial ownership on earnings management. This research uses quantitative research. The data analysis technique used descriptive statistical analysis, data quality test and hypothesis testing. Earnings management variable is measured using Discretionary Accruals, information asymmetry is measured by bid-ask spread, firm size is measured using the natural logarithm of total assets, managerial ownership is measured by the percentage comparison of the number of managers' shares with the number of shares outstanding in the company. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. Sampling was done by purposive sampling method, with a total sample of 237 data. The results of this study indicate that information asymmetry has no effect on earnings management, while firm size and managerial ownership have a negative and significant effect on earnings management.

THE INFLUENCE OF INFORMATION ASYMMETRY ON ACCOUNTING FRAUD TRENDS

This study aims to determine the effect of information asymmetry on accounting fraud tendencies in the West Sulawesi provincial government. This type of research uses a quantitative approach. This study uses primary data. Collecting data using questionnaires. The population in this study were government structural officials with the rank of echelon II, echelon III, and echelon IV, totaling 813 people. Sampling used the slovin formula method, so that a sample of 89 was obtained. This research used a simple linear regression analysis approach. The results of the study show that information asymmetry has a positive effect on the tendency of accounting fraud

Augmenting Bank Credit Flow to Agro-Processing SMEs through Financial Technology (FinTech): Evidence from Tanzania

The drivers of bank credit flow of transaction costs, credit risk management, information asymmetry, and institutional lending structure are extensively examined. Previous studies have assessed how SMEs might address their financing issues from a demand side. This study is inclined toward the supply side of financing. We aimed to determine how FinTech can counteract the effects of lending costs, information asymmetry, and credit risk management to influence the flow of bank credit to agro-processing SMEs and other entrepreneurs. A total of 399 questionnaires were collected for statistical analysis using partial least square structural equation modeling (Smart PLS). We demonstrate that FinTech as a moderator reduces the negative effects of information asymmetry and credit risk management to allow agro-processing SMEs to obtain more loans. Policymakers can use the findings of this study to improve banks' financial technology in lending activities for the sustainability of entrepreneurial activities.

PENGARUH ASIMETRI INFORMASI, PERTUMBUHAN PERUSAHAAN DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Company value is the price that prospective buyers are willing to pay if the company is sold. The purpose of this study was to determine the effect of information asymmetry, company growth, and leverage on firm value. The population of this research is all Property and Real Estate Sector Companies listed on the Indonesia Stock Exchange for the 2018-2020 period, which are 40 companies. The samples used were 120 samples. The sampling technique used purposive sampling technique. The data used is secondary data, namely the company's financial statements. Data analysis in this study is multiple regression analysis. The results showed that information asymmetry and company growth had no effect on firm value. Leverage has a positive effect on firm value. Keywords: information asymmetry; company growth; benefit; the value of the company

Determinant of earnings response coefficient on the Indonesian and Singaporean stock exchanges during the COVID-19 pandemic

Earnings response coefficient (ERC) is one of the important things for companies and investors, as it reflects a company’s good value. The COVID-19 pandemic, which is happening globally, has greatly affected capital market conditions and companies in general. It is necessary to examine what factors affect ERC significantly to provide an overview to the company while maintaining the good name of the company. This study aims to analyze the effect of firm growth, leverage, information asymmetry, and systematic risk on ERC with dividend payout ratios as moderating on the Indonesia Stock Exchange and Singapore Stock Exchange. The study uses a quantitative approach with secondary data in the form of companies’ annual reports. Population was made up of food and beverage and tobacco manufacturing companies in 2018–2020. It consists of 38 JASICA index companies on IDX, and 33 SGX index companies on SGX. The results showed that, firstly, leverage and systematic risk had a significant negative effect on ERC. Second, firm growth and information asymmetry have no effect on ERC. Third, dividend payout ratio can weaken a positive influence of information asymmetry on ERC. Fourth, dividend payout ratio failed to moderate a positive effect of firm growth and a negative effect of leverage and systematic risk on ERC. All variables have no significant statistical difference between the two stock exchanges. These results indicate that a company must improve the performance and quality of information; pay attention to obligations, mitigate and manage risk to obtain optimal ERC.

The effects of information publicity and government subsidy on port climate change adaptation: Strategy and social welfare analysis

This paper develops an integrated economic model to examine two competing ports’ investment in adaptation to climate-change disasters. The ports have asymmetric information on the actual disaster damage. In deciding on adaptation investment, the “leader” port is a better-informed first mover and the “follower” port is a less-informed follower. The government is able to acquire and verify port adaptation information and chooses whether to publicize it (publicity policy) or keep it confidential (confidentiality policy). If the information is publicized, the leader port initiates a signaling game in which it makes a decision first, and the follower acts after observing the leader's decision. Under the confidentiality policy, both ports make their decisions simultaneously. Our analysis shows the following. 1) Under the publicity policy, the leader port does not adopt a pooling strategy; rather, it determines its adaptation and output based on true information on disaster damage (i.e., it implements a separating equilibrium). 2) The publicity policy has two effects: it increases the leader's throughput while decreasing the follower's throughput (i.e., the throughput effect), and it helps rationalize the follower's adaptation investment by making more up-to-date disaster information available (i.e., the adaptation investment effect). 3) When the degree of inter-port competition is high, the publicity policy improves social welfare by increasing the total throughput of the two ports (i.e., an overall positive throughput effect) and rationalizes the follower's adaptation investment (i.e., a positive adaptation investment effect). Otherwise, it reduces the total throughput of the ports (i.e., an overall negative throughput effect). This negative throughput effect may outweigh the positive adaptation investment effect, thereby reducing social welfare. These analytical results suggest that the government needs to promote inter-port competition if it decides to publicize port adaptation information. Finally, we find that the joint implementation of publicity and subsidy policies could result in excessive adaptation investment, leading to social welfare loss. Our study illustrates the important effects of information asymmetry on adaptation investment and has policy implications in the presence of port competition and government subsidy.

An Effect of Budget Participation and Information Asymetries Budgetary Slack Study at PT. Alfa Scorpio Gatot Subroto Medan

This study aims to determine the effect of budgetary participation on budgetary slack, the effect of information asymmetry on budgetary slack, the effect of budgetary participation and information asymmetry on budgetary slack at PT. ALFA SCORPII GATOT SUBROTO MEDAN. The object of research is the manager and staff of 32 people who are involved in budget preparation. The data collection method in this study used a questionnaire. The analysis technique used is multiple linear regression. The results of this study indicate that based on the results of the F test, it is known that budgetary participation and information asymmetry simultaneously have a significant effect on budgetary slack. Budget participation has a significant effect on budgetary slack. Information asymmetry has a significant effect on budgetary slack.

Moderating Effect of Information Asymmetry on Earnings Management

Moderating Effect of Information Asymmetry on Earnings Management

PENGARUH ASIMETRI INFORMASI DAN KESESUAIAN KOMPENSASI SERTA KETAATAN ATURAN AKUNTANSI TERHADAP KECURANGAN AKUNTANSI (Studi Empiris pada OPD Kabupaten Tanah Datar)

This study aims to examine the effect of information asymmetry, Compensastion Suitability, and Complience with Accounting Rules on accounting fraud (empirical study on OPD Tanah Datar Regency). While the research sample is the Head, Treasurer, and Head of the Finance Subdivision in the OPD (Regional Apparatus Organization) of Tanah Datar Regency, totaling 117 respondents. The type of data used is primary data. The sample technique used is total sampling by distributing questionnaires.The result show that Information Asymmetry (X1) has an effect on Accounting Fraud (Y). This result is evidenced by the significance value of t of 0,000 <0,05. While Compensation Suitability (X2) has an effect on Accounting Fraud (Y). This result is avidenced by a significance value of 0,000< 0,05. And Compliance with Accounting Rules (X3) has an effect on Accounting Fraud (Y). This result is evidenced by the significance value of F of 0,000 < 0,05.

PENGARUH MORALITAS INDIVIDU DAN ASIMETRI INFORMASI TERHADAP KECURANGAN AKUNTANSI

This study aims to determine the effect of individual morality (X1) on accounting fraud (Y), the effect of information asymmetry (X2) on accounting fraud (Y). The results showed that individual morality (X1) had negative and significant effect on accounting fraud (Y). This result is evidenced by the value of tcount = 2,427 while the value of ttable = 1,669, meaning 2,427 > 1,669 Furthermore, the significant value is 0,018 < 0,05, while Information Asymmetry (X2) has an effect on Accounting Fraud (Y). This result is evidenced by the value of tcount = 3,122 while the value of ttable = 1,669, meaning 3,122 > 1,669. Furthermore, the significance value of 0,003 <0.05. After that, Individual Morality (X1) and Information Asymmetry (X2) have a simultaneous effect on Accounting Fraud (Y). This result is evidenced by the value of Fcount = 6,119 and Ftable = 2.75, which means 6,119 > 2.75. Furthermore, the significance value of 0.004 <0.05.

Determinants of Fixed Asset Revaluation and Sustainability Report Disclosure on Firm Value

This study analyzes the determinants of the effect of investment opportunities, leverage, Information asymmetry, ownership structure, liquidity, and company size on asset revaluation and sustainability reports and their impact on firm value. This study uses secondary data obtained from the Indonesian Stock Exchange data center. The research period is for all IDX industries in 2015 -2019 with a sample of 138 companies that carry out asset revaluation and Sustainability Reports. The data analysis technique used the least square part. The results of this study show Investment opportunities have no effect on revaluation of fixed assets, Leverage has no effect on revaluation of fixed assets, Information asymmetry has no effect on revaluation of fixed assets, Ownership structure has a positive effect on revaluation of fixed assets, Liquidity has a negative effect on revaluation of fixed assets, Firm size has a positive effect on revaluation fixed assets , investment opportunities have no effect on the sustainability report, leverage has no effect on the sustainability report, information asymmetry has a positive effect on the sustainability report, ownership structure has no effect on the sustainability report , liquidity has no effect on the sustainability report, company size has no effect on the sustainability report, fixed asset revaluation has no effect on firm value, Sustainability report does not affect the value of the company , investment opportunities positive effect on firm value, leverage has a positive effect on firm value , information asymmetry has no effect on firm value, ownership structure has a positive effect on firm value, liquidity has no effect on firm value, firm size has a positive effect on firm value.

Asimetri Informasi, Manajemen Laba, dan Pengungkapan Modal Intelektual Terhadap Biaya Modal Ekuitas (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2014-2016)

This research was conducted to examine the effect of earnings management, intellectual capital and information asymmetry, on the cost of equity capital. The purpose of this study is to determine and analyze the effect of earnings management, intellectual capital and information asymmetry on the cost of equity capital manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2016. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2016. The sampling technique in this study was purposive sampling. Many of the samples that match the specified criteria are the criteria that are determined as many as 29 companies. Based on the results of the study indicate that: (1) there is no influence of earnings management and intellectual capital against the cost of equity capital (2) there is an influence of information asymmetry on the cost of equity capital

The Effect of Information Asymmetry and Debt on Accrual Earnings Management: Firm Size as a Moderating Variable

The Effect of Information Asymmetry and Debt on Accrual Earnings Management: Firm Size as a Moderating Variable

The Effect of Information Asymmetry and Debt on Accrual Earnings Management: Firm Size as a Moderating Variable

One of the opportunistic manager practices is earnings management. This attitude arises because of the high asymmetry of information between the principal and manager, weak regulation and control. If information asymmetry is high, stakeholders do not have sufficient resources, incentives or access to relevant information to monitor managers' actions. Through the size of the company is expected to see how big the influence of information asymmetry and debt on earnings management actions. This research is included in the third TKT measurement, namely proof-of-concept of important functions and/or characteristics analytically and experimentally. This study aims to examine the impact of the interaction of information asymmetry and debt on earnings management through accrual of working capital with firm size as a moderating variable. This study uses quantitative methods with crosssectional data. This study uses secondary data in the form of financial statements of consumption sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2015 to 2021. The results prove that DER has a positive effect on earnings management and company size is able to moderate the effect of DER on earnings management. However, information asymmetry has no effect on earnings management and firm size is not able to moderate the effect of information asymmetry on earnings management.

Kepemilikan Manajerial dan Kualitas Laba Perusahan Manufaktur di Indonesia

This study aims to examine the effect of company size, information asymmetry, managerial ownership and profitability on earnings quality. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. The sampling technique used purposive sampling method. The total sample that meets the criteria is 63 companies and the analysis method uses the SPSS statistikal application. The independen variables ini this study are company size, information asymmetry, managerial ownership and profitability. The dependent variable in thus study is earnings qualit. The resukts of thus study indicate that firm size has a positive effect on earnings quality, information asymmetry has a negative effect on earnings quality, managerial ownership and profitability have a positive effect on earnings quality. 
 
 Keywords : company size, information asymmetry, managerial ownership and profitability.

Faktor - Faktor Yang Memengaruhi Manajemen Laba Dengan Gcg Sebagai Variabel Moderasi

This research was conducted to analyze the effect of leverage, profitability, firm size, and information asymmetry on earning management, and GCG in moderating information asymmetry effect on earning management on manufacturing company listed on Indonesia Stock Exchang in period 2017 – 2019. This research using purposive sampling method with 70 companies valid as sample and use 210 data, processed multiple regression analysis by using EViews11. The result of this study shows that leverage has negative and significant effect on earning managemenet, profitability has positive and significant effect on earning management, while firm size and information asymmetry have no significant effect on earning management. GCG proxy by audit commite has no significant effect as a moderating variable for influence of information asymmetry on earning management.