Environmental Uncertainty and Information Asymmetry: Does Conservative Financial Reporting Moderates the Results

Abstract: This research work examines the effect of uncertainty on information asymmetry moderated by conservative financial reporting Asymmetric (spread), whereas is calculated using a measure environmental scanning method. method divides sample into ‘inert’ and ‘alert’. ‘Inert’ firms are not environment, ‘alert’ for who constantly engaged in observing their environment while coefficient variation sales applied robustness check uncertainty. A proxy developed Khan Watts accounting conservatism. The size this taken from registered Pakistan Stock Exchange time period study 2010 to 2021. statistical output reinforces hypothesis study. results evidence that may be helpful reduce asymmetric during Empirical estimations provide implications all stakeholders e.g. investors, regulatory authorities, researchers.