Information asymmetry and corporate governance mechanisms among UAE listed companies
This study uses the agency theory to systematically investigate the relationship between corporate governance mechanisms (i.e. board size, board independence, duality, board meetings, director’s ownership, and audit committee size) and the level of information asymmetry in UAE.The multiple regressio...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/16441/1/22.pdf http://repo.uum.edu.my/16441/ http://conference.ukm.my/IMAC7/IMAC7/paper/view/2307 |
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| Summary: | This study uses the agency theory to systematically investigate the relationship between corporate governance mechanisms (i.e. board size, board independence, duality, board meetings, director’s ownership, and audit committee size) and the level of information asymmetry in UAE.The multiple regression analysis provides evidence that board size is
positively related to information asymmetry, while, board independence, board meetings,
directors’ ownership and audit committee size are negatively related to information asymmetry.The findings show that the information asymmetry among the United Arab Emirates (UAE) companies is high and the implementation of the Code of Corporate
Governance is more likely to be underdevelopment. |
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