Information disclosure has been a necessary device in the activities of corporate governance, especially in the era of knowledge-based economy. In this regard, we examine the factors that influence information transparency in terms of two dimensions: technology intensities and insiders’ shareholdings. We find that industries with higher technology intensities have higher information transparency. Also, the effects of technology intensities are different in different industries. High-tech firms experiencing increase in insiders’ shareholdings are negatively associated with information transparency. However, relative to high-tech firms, when R&D intensity is high, traditional firms experiencing increase in insiders’ shareholdings are positively associated with information transparency.
Key Words: Information transparency, technology intensities, corporate ownership, R&D
Total Reviews: 0
After completion purchase and payment you will get an email with download link of book. You can download this book within 24 hours. Be remember you can't download this book after 24 hours.
There are no reviews yet.