The Impacts of State Ownership on Information Asymmetry: Evidence from an Emerging Market

The Impacts of State Ownership on Information Asymmetry: Evidence from an Emerging Market

This study examines the effect of corporate ownership on information asymmetry as measured by bid-ask spread in the emerging markets of China. Government ownership has significant and positive impacts on bid-ask spread during the period 1995–2000, but disappears afterward during 2001–2003. The findi...

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Váldodahkkit: Jongmoo Jay Choi, Heibatollah Sami, Haiyan Zhou
Materiálatiipa: Artihkal
Giella:English
Almmustuhtton: Elsevier 2010-06-01
Ráidu:China Journal of Accounting Research
Fáttát:
Bid-ask spread
Information asymmetry
Transparency
Adverse selection
Government (State) ownership
Foreign ownership
Emerging market (China)
Liŋkkat:http://www.sciencedirect.com/science/article/pii/S1755309113600180

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http://www.sciencedirect.com/science/article/pii/S1755309113600180

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