Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/10142
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dc.contributor.authorSkinner, F-
dc.contributor.authorElbadry, A-
dc.contributor.authorGounopoulos, D-
dc.date.accessioned2015-02-06T12:12:34Z-
dc.date.available2015-02-06T12:12:34Z-
dc.date.issued2015-
dc.identifier.citationJournal of Financial Markets Institutions and Instruments, pp. 127 -157, (2015)en_US
dc.identifier.urihttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=1537693en
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/10142-
dc.description.abstractThis paper explores the relation between corporate governance and asymmetric information. We find that proxies for governance mechanisms that encourage the monitoring of managers are inversely related to proxies for asymmetric information. Specifically, greater board independence, board activeness and debt financing is significantly and inversely related to the degree of asymmetric information as reflected in bid-ask spreads, volatility of share returns, normalised share trade volumes and market value of shares traded. This implies that corporate governance mechanisms that enhance managerial monitoring lead to improvements in the informational environment of the firm.en_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.subjectCorporate Governance Mechanismsen_US
dc.subjectAsymmetric Informationen_US
dc.subjectAgency Theoryen_US
dc.titleGovernance quality and information asymmetryen_US
dc.typeArticleen_US
pubs.author-urlhttp://onlinelibrary.wiley.com/doi/10.1111/fmii.12026/epdf-
pubs.organisational-data/Brunel-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance-
pubs.organisational-data/Brunel/University Research Centres and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH)-
Appears in Collections:Dept of Economics and Finance Research Papers

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