Study on Voluntary Information Disclosure and Stock Price Synchronicity: Evidence from Chinese Listed Companies
Ben-Zhao Zhang, Sheng-Jie Niu
Available Online August 2015.
- https://doi.org/10.2991/msmi-15.2015.93How to use a DOI?
- Voluntary Information Disclosure, Stock Price Synchronicity, Accounting Standards.
- This paper uses Shanghai and Shenzhen 300 index constituent stocks to analyze the effect of the degree of voluntary information disclosure on Chinese stock price synchronicity from two dimensions: quantity and quality. Meanwhile, this paper discusses how the changes in accounting rules influence the relationship between voluntary information disclosure and stock price synchronicity. The result shows that voluntary information disclosure is negatively related to stock price synchronicity. Moreover, the improvement of accounting standards, on the one hand, is likely to decrease stock price synchronicity; and on the other hand, increases the negative relationship between voluntary information disclosure and stock price synchronicity.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Ben-Zhao Zhang AU - Sheng-Jie Niu PY - 2015/08 DA - 2015/08 TI - Study on Voluntary Information Disclosure and Stock Price Synchronicity: Evidence from Chinese Listed Companies BT - 2015 International Conference on Management Science and Management Innovation (MSMI 2015) PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/msmi-15.2015.93 DO - https://doi.org/10.2991/msmi-15.2015.93 ID - Zhang2015/08 ER -