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Governance Quality and Information Alignment

Elbadry, A, Gounopoulos, D and Skinner, F (2010) Governance Quality and Information Alignment Social Science Research Network.

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We examine the effect of corporate governance mechanisms on asymmetric information. Using a sample of 392 non-financial UK companies listed in the London Stock Exchange we find that board independence, performance related executive compensation, the number of insiders and leverage are significantly negatively related to asymmetric information whereas the percentage of insider ownership and block ownership are significantly positively related to asymmetric information. The results suggest that UK companies have a high degree of compliance with the combined code on corporate governance and as a result mitigate asymmetric information while contributing towards resolving agency problems.

Item Type: Other
Divisions : Surrey research (other units)
Authors :
Elbadry, A
Date : 16 January 2010
Uncontrolled Keywords : Corporate Governance Mechanisms, Asymmetric Information, Agency Theory
Related URLs :
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:01
Last Modified : 23 Jan 2020 10:11

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