Shareholders and Correlation of Information Asymmetry Companies listed in Tehran Stock Exchange

Ali Zareie¹ Sara Azimi Khaneghah²

1) M.A graduate of Accounting, Islamic Azad University, Central Tehran Branch, Tehran, Iran
2) Human Resource Management, Department of Management, Arak Branch, Islamic Azad University, Arak, Iran

IOI Code : XYHC-BEFCK
Publication : 4th International Conference on Modern Research’s in Management,Economics & Accounting(4meaconf.com)
Abstract :
    In this study, a comprehensive analysis on the relationship between shareholders and companies active in the information asymmetry between 1389 to 1393 was Exchange. the most important indicator is information asymmetry stock exchange companies. This article and the purpose of application of the methodology of the research is descriptive and correlational. The research hypothesis is four, to test the hypothesis testing, multivariate linear regression for combined (firm-year) is used. The findings of this study showed that companies that institutional ownership is very high in comparison with companies that institutional ownership is low, there is more symmetry. Results indicate a significant relationship between the percentage of shareholders and information asymmetry is reversed. So it can be concluded that the presence of institutional investors, corporations and bankruptcy keeps the critical situation thus confirmed the hypothesis of efficient monitoring of institutional investors. The results of the control variables firm size and financial leverage, still remained in force.

Keywords : shareholders institutional ownership concentration of ownership real property information asymmetry