Proceedings of the 2015 International Conference on Management Science and Management Innovation

Study on Voluntary Information Disclosure and Stock Price Synchronicity: Evidence from Chinese Listed Companies

Authors
Ben-Zhao Zhang, Sheng-Jie Niu
Corresponding Author
Ben-Zhao Zhang
Available Online August 2015.
DOI
https://doi.org/10.2991/msmi-15.2015.93How to use a DOI?
Keywords
Voluntary Information Disclosure, Stock Price Synchronicity, Accounting Standards.
Abstract
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.
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Proceedings
2015 International Conference on Management Science and Management Innovation (MSMI 2015)
Part of series
Advances in Economics, Business and Management Research
Publication Date
August 2015
ISBN
978-94-62520-90-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/msmi-15.2015.93How to use a DOI?
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
SP  - 501
EP  - 507
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  -