Work

Effects of corporate governance at information asymmetry on the presence of covid 19 pandemic

Year: 2025

Type: article

Abstract: This research was conducted in the presence of the COVID-19 epidemic, and its goal was to examine the effect of certain corporate governance mechanisms on information asymmetry. Company governance mechanisms include board size, board independence, block holders, family ownership, government ownership, and managerial ownership. The study spans the monthly interval from March of 2020 to December of 2021. Companies listed on the Amman Stock Exchange were randomly sampled using a statistically valid and reliable process of elimination. In total, 48 company-years were used to compile this sample. This study's experimental nature, its foundation in the financial statements of actual businesses, and its practical end-use all place it firmly within the realm of accounting solid evidence research. We examined the connection between corporate governance mechanisms and information asymmetry using a System GMM dynamic panel technique. The study discovered that information asymmetry is significantly associated with corporate governance mechanisms. Furthermore, the significance level at 1% of the lagged factors of information asymmetry indicates that the asymmetry persists over time. Lastly, the corporate governance mechanisms in our study are based on a wide range of aspects of corporate governance and point companies and their shareholders toward governance practices that reduce information asymmetry in firms.

Source: Data & Metadata

DOI: 10.56294/dm2025672

Authors: Haitham Yousef Ali Yousef Ali, Yaser Mohd Hamshari, Mohammad Ahmad Alqam, Abdelkarim Fawwaz Albataineh

Institution: Petra University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

Funder: University of Petra