Press freedom, externally-generated transparency, and stock price informativeness : International evidence

Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review

Overview

37 Scopus Citations

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Author(s)

Jeong-Bon Kim
Hao Zhang
Liuchuang Li
Gaoliang Tian

Related Research Unit(s)

College of Business

Detail(s)

Original language	English
Pages (from-to)	299-310
Journal / Publication	Journal of Banking and Finance
Volume	46
Issue number	1
Online published	4 Jun 2014
Publication status	Published - Sep 2014

Link(s)

DOI	DOI https://doi.org/10.1016/j.jbankfin.2014.05.023 Final Published version
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Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-84904363679&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(07d948bf-4e3b-4dc9-97df-42f4d367763c).html

Abstract

This paper examines the impact of press freedom on stock price informativeness in a sample of firms from 50 countries. We find a significant relation between more press freedom and lower stock price synchronicity. Our results suggest that the freedom of the press can enhance the information environment of stock markets. © 2014 Elsevier B.V.

Research Area(s)

Market efficiency, Press freedom, Stock price informativeness

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Synchronicity Business & Economics

Stock market Business & Economics

Transparency Business & Economics

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Citation Format(s)

[ RIS ] [ BibTeX ]

Press freedom, externally-generated transparency, and stock price informativeness : International evidence. / Kim, Jeong-Bon; Zhang, Hao; Li, Liuchuang; Tian, Gaoliang.

In: Journal of Banking and Finance, Vol. 46, No. 1, 09.2014, p. 299-310.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review

Kim, J-B, Zhang, H, Li, L & Tian, G 2014, 'Press freedom, externally-generated transparency, and stock price informativeness: International evidence', Journal of Banking and Finance, vol. 46, no. 1, pp. 299-310. https://doi.org/10.1016/j.jbankfin.2014.05.023

Kim, J-B., Zhang, H., Li, L., & Tian, G. (2014). Press freedom, externally-generated transparency, and stock price informativeness: International evidence. Journal of Banking and Finance, 46(1), 299-310. https://doi.org/10.1016/j.jbankfin.2014.05.023

Kim J-B, Zhang H, Li L, Tian G. Press freedom, externally-generated transparency, and stock price informativeness: International evidence. Journal of Banking and Finance. 2014 Sep;46(1):299-310. https://doi.org/10.1016/j.jbankfin.2014.05.023

Kim, Jeong-Bon ; Zhang, Hao ; Li, Liuchuang ; Tian, Gaoliang. / Press freedom, externally-generated transparency, and stock price informativeness : International evidence. In: Journal of Banking and Finance. 2014 ; Vol. 46, No. 1. pp. 299-310.