“…Wang et al (2011) and Blanco, Lara, & Tribo (2014) state that segment disclosure reduces information asymmetry and agency costs. On the other hand, earning quality also decreases information asymmetry and are considered to represent information asymmetry (Francis, Nanda, & Olsson, 2008;Blanco, Lara, & Tribo, 2014). Therefore, when the earnings quality is better, the company is not likely to hide the information and will reveal more details of company information.…”