Investigating the Competing Theories of Sticky Costs: Evidence of Organizational Incentives and Managerial Incentives

financial reporting quality and stock price delay is significantly stronger than that of information asymmetry and the mentioned variables cannot be used interchangeably.
Based on the research results and the negative consequences of stock price delay, the managers are advised to provide high quality financial reporting and prevent the mentioned phenomenon. Also, the practitioners of financial market are advised to select and execute the appropriate policies and increase the transparency of information because this leads to informational and allocative efficiency of capital market. Because of the importance of identification of factors affecting the stock price delay and dealing with them, the researchers are advised to study the effect of macroeconomics factors (such as exchange rate fluctuations, oil prices and inflation rate) on stock price delay.