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The Relationship between Information Asymmetry and Stock Return in the Presence of Accounting Conservatism

机译:会计稳健性下信息不对称与股票收益的关系

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This study aimed to test the effect of information asymmetry on the stock return in the presence of accounting conservatism in industrial companies listed in Amman Stock Exchange (ASE) in the period from 2006 to 2012. The study found that investors who have private information can benefit from that through achieving outstanding returns, which means that information asymmetry affects the stock return positively, but when taking into consideration the conservative accounting policies practiced by management, this effect was faded.
机译:这项研究旨在检验2006年至2012年期间在安曼证券交易所(ASE)上市的工业公司中存在会计保守性的情况下信息不对称对股票收益的影响。该研究发现拥有私人信息的投资者可以从中受益通过获得出色的收益,这意味着信息不对称对股票收益产生积极影响,但考虑到管理层实行的保守会计政策,这种影响就消失了。

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