THE ROLE OF ACCOUNTING INFORMATION ASYMMETRY IN ESTABLISHING THE TRUTH BEYOND NUMBERS
Florentina Istrate
Pagini: 607-618
Publicat: 29 Sep 2016
Vizualizări: 2,278
Descărcări: 429
Rezumat: The reliability of financial information is a prerequisite for security of assets and proper assessment for global capital market participants to assess the financial position of a company. On the one hand, the existence of information asymmetry favores economic agents better informed that can use to their advantage the lack of information to others, on the other hand, there are situations where information asymmetry is not simply a lie or hide the truth, it is the result of a practical calculation of the buyer, who does not want to inform himself in an appropriate way because that would imply some costs that he is not willing to pay. In this context, a natural question arises: who has an abusive practice? The lender-participant to the transaction or the producer emitter of asymmetric accounting information? This is the question that we try to answer.
Cuvinte cheie: information asymmetry, financial analysis, accountant reasoning, financial fraud, prudential accounting behaviour
Citează acest articol: Florentina Istrate. THE ROLE OF ACCOUNTING INFORMATION ASYMMETRY IN ESTABLISHING THE TRUTH BEYOND NUMBERS. Journal of International Scientific Publications: Economy & Business 10, 607-618 (2016). https://www.scientific-publications.net/en/article/1001329/
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