Corporate Governance and Information Incorporation Speed: Lead-Lag between the IGC and IBrX

Corporate Governance and Information Incorporation Speed: Lead-Lag between the IGC and IBrX

Based on intraday data with a frequency of 15 minutes, the present study investigates the relationship between the high corporate governance market (IGC) and the traditional market (IBrX). The hypothesis tested is that a higher level of corporate governance reduces the cost associated to incorporati...

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Bibliographic Details
Main Authors: José Carneiro da Cunha Oliveira Neto, Otávio Ribeiro de Medeiros, Thiago Bergmann de Queiroz
Format: Article
Language:English
Published: Brazilian Society of Finance 2012-04-01
Series:Revista Brasileira de Finanças
Subjects:
Corporate Governance
Efficient Markets Hypothesis
GARCH-BEKK
Lead-Lag
Online Access:http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/3048/2456

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