The Impact of Cross-Listing on the Home Market's Information Environment and Stock Price Efficiency

2015 ◽  
Author(s):  
Olga Dodd ◽  
Aaron B. Gilbert
Keyword(s):  
Stock Price ◽  
Information Environment ◽  
Price Efficiency ◽  
Cross Listing ◽  
The Impact

The Impact of Blockholder Activism on the Information Environment of Stock Price

2017 ◽  
Author(s):  
Stephen mname Brown ◽  
Elaine mname Hutson ◽  
Michael mname Wang ◽  
Jin mname Yu
Keyword(s):  
Stock Price ◽  
Information Environment ◽  
The Impact

scholarly journals Analyst Downgrades, Short Sale Constraints, And Intra-Day Stock Price Efficiency

2015 ◽  
Vol 31 (4) ◽  
pp. 1343
Author(s):  
Kevin Zhao
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Price Efficiency ◽  
Price Response ◽  
Short Sale Constraints ◽  
Short Sale ◽  
New Information ◽  
After Hours ◽  
And Control ◽  
The Impact

This paper studies the impact of short sale constraints on stock price efficiency upon arrival of analyst downgrades. Examining the speed of which stock price response to analyst downgrades for pilot (short sale non-constrained) stocks and control (short sale constrained) stocks in an intra-day setting, I find evidence supporting the hypothesis that short sale constrains hamper intra-day stock price efficiency. For after-hours downgrades, pilot stocks respond quickly, with virtually all of the price response incorporated by the following open, while control stocks take an extra five minutes after opening to fully reflect the new information. For during-hour downgrades, the negative information is partially incorporated into pilot stock prices up to two hours before the recommendation is released, while control stocks take up to an hour and a half after the release to impound the information into stock price, confirming that short sale constraints lower stock price efficiency.

Do Foreign Institutional Investors Improve Price Efficiency?

2020 ◽  
Author(s):  
Marcin Kacperczyk ◽  
Savitar Sundaresan ◽  
Tianyu Wang
Keyword(s):  
Institutional Investors ◽  
Stock Price ◽  
Foreign Ownership ◽  
Market Liquidity ◽  
Price Informativeness ◽  
Firm Level ◽  
Price Efficiency ◽  
Foreign Institutional Investors ◽  
Stock Price Informativeness ◽  
The Impact

Abstract We study the impact of foreign institutional investors on price efficiency with firm-level international data. Using additions to the MSCI index and the U.S. Jobs and Growth Tax Relief Reconciliation Act as exogenous shocks to foreign ownership, we show that greater foreign ownership increases stock price informativeness, especially in developed economies. This increase arises from new information that foreign investors bring in and displacement of less-informed domestic retail investors. Finally, we show that foreign ownership, particularly from active investors, increases market liquidity, reduces firms’ cost of equity, and increases firms’ real investment growth.

An Investigation into the Impact of Information on Stock Price Volatilities in Vietnam

2015 ◽  
Vol 22 (3) ◽  
pp. 59-80
Author(s):  
NGUYEN KHAC QUOC BAO ◽  
NGUYEN HUU HUY NHUT ◽  
TRAN NGUYEN HUY NHAN
Keyword(s):  
Stock Price ◽  
The Impact
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