Proceedings of the 4th International Conference on Economy, Judicature, Administration and Humanitarian Projects (JAHP 2019)

The Effect of Equity Concentration, Dual Listing and Audit Quality on Stock Price Synchronicity

Authors
Xingcun Hu, Yongfan Ma
Corresponding Author
Xingcun Hu
Available Online September 2019.
DOI
https://doi.org/10.2991/jahp-19.2019.194How to use a DOI?
Keywords
equity concentration; dual listing; audit quality; stock price synchronicity
Abstract
This paper studies the impact of stock concentration, dual listing and audit quality on the stock price synchronicity of listed companies in China during the period from 2009 to 2018. Using unbalanced panel data, this paper concludes that stock price synchronicity is a concave function of equity concentration, and that foreign ownership and high quality audits will effectively reduce the synchronicity of stock prices and make the market more effective.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Xingcun Hu
AU  - Yongfan Ma
PY  - 2019/09
DA  - 2019/09
TI  - The Effect of Equity Concentration, Dual Listing and Audit Quality on Stock Price Synchronicity
BT  - The 4th International Conference on Economy, Judicature, Administration and Humanitarian Projects (JAHP 2019)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/jahp-19.2019.194
DO  - https://doi.org/10.2991/jahp-19.2019.194
ID  - Hu2019/09
ER  -