Revue d'ECONOMIE et de MANAGEMENT
Volume 15, Numéro 1, Pages 218-227
2016-06-01
Impact Of Ownership Structure And Dividend Policy On Asymmetric Information: Evidence From Nasdaq Index
Authors : Mazeri Abdelhafid . Benbouziane Mohamed .
Abstract
This paper seeks to investigate the relation among Ownership structure, dividend policy and asymmetric information under the governance theory. A panel data analysis is performed to examine the existence of a relationship between variables. Based on sampling of listed companies from NASDAQ index were selected and examined during 2003 to 2014 by using panel cointegration. Results show that the quality of governance should have an impact on asymmetry of information.
Keywords
Ownership structure, dividend policy, asymmetric information, governance, Cointegration
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