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Applied Economics Letters Volume 30, 2023 - Issue 2
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Research Article

Transparency and stock price informativeness: evidence from a natural experiment in China

Huili Zhanga Business School, Beijing Normal University, Beijing, ChinaView further author information
,
Rong Lib Guanghua School of Management, Peking University, Beijing, ChinaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-5783-9988View further author information
ORCID Icon &
Zhengfei Lub Guanghua School of Management, Peking University, Beijing, ChinaView further author information
Pages 114-119 | Published online: 09 Sep 2021

References

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  • Gelb, D. S., and P. Zarowin. 2002. “Corporate Disclosure Policy and the Informativeness of Stock Prices.” Review of Accounting Studies 7 (1): 33–52. doi:10.1023/A:1017927530007.
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  • Gul, F. A., J. B. Kim, and A. A. Qiu. 2010. “Ownership Concentration, Foreign Shareholding, Audit Quality, and Stock Price Synchronicity: Evidence from China.” Journal of Financial Economics 95 (3): 425–442. doi:10.1016/j.jfineco.2009.11.005.
  • Gul, F. A., B. Srinidhi, and A. C. Ng. 2011. “Does Board Gender Diversity Improve the Informativeness of Stock Prices?” Journal of Accounting and Economics 51 (3): 314–338. doi:10.1016/j.jacceco.2011.01.005.
  • Haggard, K. S., X. Martin, and R. Pereira. 2008. “Does Voluntary Disclosure Improve Stock Price Informativeness?” Financial Management 37 (4): 747–768. doi:10.1111/j.1755-053X.2008.00033.x.
  • He, W., and C. K. Li. 2018. “The Effects of a Comply-or-explain Dividend Regulation in China.” Journal of Corporate Finance 52: 53–72. doi:10.1016/j.jcorpfin.2018.07.002.
  • Morck, R., B. Yeung, and W. Yu. 2000. “The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?” Journal of Financial Economics 58 (1–2): 215–260. doi:10.1016/S0304-405X(00)00071-4.
  • Piotroski, J. D., and D. T. Roulstone. 2004. “The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm‐specific Information into Stock Prices.” The Accounting Review 79 (4): 1119–1151. doi:10.2308/accr.2004.79.4.1119.

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