The Ownership of the Largest Shareholder and Stock Price Synchronicity

2021 ◽  
Vol 35 (2) ◽  
pp. 35-74
Author(s):  
Yu Kyung Lee ◽  
Eun Jung Lee ◽  
Joon Chae ◽  
Mun Bak Choe
Keyword(s):  
Stock Price ◽  
Stock Price Synchronicity

Stock Price Synchronicity and Skewness

2013 ◽  
Author(s):  
Omar Farooq ◽  
Mohammed Bouaddi ◽  
Mohamed Douch
Keyword(s):  
Stock Price ◽  
Stock Price Synchronicity

Analysts' Information Acquisition and Stock Price Synchronicity: A Regulatory Perspective from China

2018 ◽  
Vol 33 (1) ◽  
pp. 153-179 ◽  
Author(s):  
Haiyan Jiang ◽  
Donghua Zhou ◽  
Joseph H. Zhang
Keyword(s):  
Insider Trading ◽  
Private Information ◽  
Stock Prices ◽  
Information Acquisition ◽  
Stock Price ◽  
Specific Information ◽  
Stock Price Synchronicity ◽  
Playing Field ◽  
Information Advantage ◽  
Private Information Acquisition

SYNOPSIS Against the backdrop of the Chinese Directive 40 (China's Reg FD) issued in 2007 as an attempt to curb insider trading and to level the information playing field, this study investigates whether analysts' private information acquisition influences the extent to which firm-specific information is impounded into stock prices, i.e., stock price synchronicity, and how the restrictions on selective disclosures imposed by Directive 40 have shaped the relationship between analyst information acquisition and synchronicity. Using a pre-Directive 40 sample, we show that synchronicity is negatively related to analysts' private information acquisition, which provides support for the “information advantage” argument of analysts' information production. However, the ability of analysts' private information acquisition in improving firm-specific information incorporated into stock price is mitigated post-Directive 40 due to a restriction on selective disclosures and/or private communication. Moreover, we find that this regulatory impact varies for firms being followed by affiliated analysts versus non-affiliated analysts. JEL Classifications: G14; G15; G17; G18.

scholarly journals Illiquidity and the Measurement of Stock Price Synchronicity

2020 ◽  
Vol 37 (1) ◽  
pp. 419-456 ◽  
Author(s):  
Joachim Gassen ◽  
Hollis A. Skaife ◽  
David Veenman
Keyword(s):  
Stock Price ◽  
Stock Price Synchronicity

Media coverage and stock price synchronicity

2020 ◽  
Vol 67 ◽  
pp. 101430
Author(s):  
Tung Lam Dang ◽  
Man Dang ◽  
Luong Hoang ◽  
Lily Nguyen ◽  
Hoang Long Phan
Keyword(s):  
Media Coverage ◽  
Stock Price ◽  
Stock Price Synchronicity
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