Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence
Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence
About this item
Full title
Author / Creator
Publisher
New York, USA: Cambridge University Press
Journal title
Language
English
Formats
Publication information
Publisher
New York, USA: Cambridge University Press
Subjects
More information
Scope and Contents
Contents
This paper argues that, contrary to the conventional wisdom, stock return synchronicity (or R2) can increase when transparency improves. In a simple model, we show that, in more transparent environments, stock prices should be more informative about future events. Consequently, when the events actually happen in the future, there should be less “su...
Alternative Titles
Full title
Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_2787127217
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2787127217
Other Identifiers
ISSN
0022-1090
E-ISSN
1756-6916
DOI
10.1017/S0022109010000505
