Inequality of information and the value of firms
by Arif Budi Satrio; Mustaruddin Saleh; Wendy
International Journal of Banking, Accounting and Finance (IJBAAF), Vol. 13, No. 2, 2022

Abstract: Using a panel dataset of 425 non-financial firms listed on the Indonesia Stock Exchange from 2005 to 2019, we tested whether information inequality could systematically affect a firm's value. The research results show that a severe information gap will lead to errors by investors in assessing a firm. The results of this test are still robust after using different proxies, controlling for several potential factors, and eliminating endogeneity effects. This study provides insight into the phenomenon of information inequality in capital markets in developing countries and provides practical implications.

Online publication date: Thu, 13-Oct-2022

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Banking, Accounting and Finance (IJBAAF):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com