A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf
.
Institutional Development and Stock Price Synchronicity: Evidence from China
2013
Social Science Research Network
This paper investigates how and to what extent institutional development influences and permits firm-specific information to be incorporated into share prices, as measured by stock price synchronicity. Tracing the experience of China, an economy undergoing dramatic changes in the last 20 years with rich variation in experiences across provinces, this paper reveals that stock price synchronicity is lower when there is rigorous institutional development in terms of property rights protection,
doi:10.2139/ssrn.2314906
fatcat:bpvkjhhuqzfwldv2sz4fa5tccy