Home           Contact us           FAQs           
   Journal Page   |   Aims & Scope   |   Author Guideline   |   Editorial Board   |   Search
2013 (Vol. 5, Issue: 03)
Article Information:

The Effect of Information Asymmetry on Stock Return Predictability

Roya Darabi
Corresponding Author:  Roya Darabi 

Key words:  Cash flow operating, information asymmetry, information content, operating income, stock return, ,
Vol. 5 , (03): 929-936
Submitted Accepted Published
June 19, 2012 July 04, 2012 January 21, 2013

The aim of this research is to investigate the information content of operating income and cash flow operating with stock return in information asymmetry situations in the accepted companies at Tehran stock exchange. This study was done according to data obtained from 70 companies during 2006-2010.This is an after event research. This research is calcified as the applicable research. And the hypothesis was examined, using liner multiple regression. The results of the examination reveal that operating income and cash flow operating contain the information content and they can explain the stock return and on the other hand, information content of operating income and cash flow operating are different from each other and information content of operating income is higher than cash flow operating. Also, the results indicated that information asymmetry effects on the income information content and cash flow operating and whatever the information asymmetry is higher, then information content of cash flow operating is increased.
Abstract PDF HTML
  Cite this Reference:
Roya Darabi, 2013. The Effect of Information Asymmetry on Stock Return Predictability.  Research Journal of Applied Sciences, Engineering and Technology, 5(03): 929-936.
    Advertise with us
ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
Submit Manuscript
   Current Information
   Sales & Services
   Contact Information
  Executive Managing Editor
  Email: admin@maxwellsci.com
  Publishing Editor
  Email: support@maxwellsci.com
  Account Manager
  Email: faisalm@maxwellsci.com
  Journal Editor
  Email: admin@maxwellsci.com
  Press Department
  Email: press@maxwellsci.com
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2009. MAXWELL Science Publication, a division of MAXWELLl Scientific Organization. All rights reserved