The role of competition on pricing of accounting information asymmetry and quality
In accordance with the literature and the theory of of risk and return, investors rate the risk that they give to accounting information, according to their assessment of the information environment's features. The lower the uncertainty and reliability of the accounting environment, the lower the risk of information and the less risk they require, resulting in less capital costs for the company. The risk of accounting information is also affected by two factors of information quality and information distribution (information literacy) that the existence of competition for obtaining this information affects these two factors. In this research, three features of the accounting information environment, lack of information, the quality and competitiveness of information and its effect on capital cost, were investigated. In this research, we review three characteristics of accounting information: information asymmetry, quality and competition, and their effects on cost of capital. The results of testing questions show that degree of competition affect the pricing of information asymmetry
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