Accounting Conservatism and Stock Underpricing In High Information Asymmetry Setting

被引：1

作者：

Hasan, Hussein Falah ^{[1
]}

Khalbas, Hudaa Nadhim ^{[2
]}

Kadhim, Salah Chyad ^{[3
]}

机构：

[1] Dijlah Univ Coll, Dept Accounting, Baghdad 10021, Iraq

[2] Dijlah Univ Coll, Business Adm Dept, Baghdad 10021, Iraq

[3] URUK Univ, Coll Adm & Econ, Dept Accounting, Baghdad, Iraq

来源：

INDUSTRIAL ENGINEERING AND MANAGEMENT SYSTEMS | 2021年 / 20卷 / 04期

关键词：

Conservatism; Stock Underpricing; Information Asymmetry; Initial And Secondary Stock Offering; EARNINGS QUALITY; INVESTMENT BANKING; EQUITY; COST; PERFORMANCE; MARKET; DETERMINANTS; MANAGEMENT; DISCLOSURE; ISSUES;

D O I：

10.7232/iems.2021.20.4.756

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

The aim of the present study is to evaluate the relationship between accounting conservatism and stock underpricing In High Information Asymmetry Setting. This project is descriptive-correlational and the statistical population under study is listed companies on Tehran Stock Exchange during 2002-2016, among which 69 companies were selected with the initial offering and 43 companies were chosen with the secondary offering. Eight hypotheses were designed for the purpose of this study, all of which were examined by ordinary least squares regression method and SPSS and Eviews Software. The results of the study show that there is no significant relationship between conservatism and underpricing in the initial and secondary stock offering. Other results also suggest that there is a positive relationship between conservatism and underpricing in initial and secondary offering in information asymmetry setting. Since no similar study conducted in Iran, so far, this paper can contribute significantly to the field.

引用

页码：756 / 768

页数：13

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