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

Jeong Bon Kim; Hao Zhang; Liuchuang Li; Gaoliang Tian

doi:10.1016/j.jbankfin.2014.05.023

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

Jeong Bon Kim
, Hao Zhang
, Liuchuang Li
, Gaoliang Tian

Research output: Contribution to journal › Article › peer-review

67 Scopus citations

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.

Original language	English
Pages (from-to)	299-310
Number of pages	12
Journal	Journal of Banking and Finance
Volume	46
Issue number	1
DOIs	https://doi.org/10.1016/j.jbankfin.2014.05.023
State	Published - Sep 2014
Externally published	Yes

Keywords

Market efficiency
Press freedom
Stock price informativeness

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jbankfin.2014.05.023

Cite this

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

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.",

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AU - Tian, Gaoliang

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AB - 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.

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KW - Press freedom

KW - Stock price informativeness

UR - https://www.scopus.com/pages/publications/84904363679

U2 - 10.1016/j.jbankfin.2014.05.023

DO - 10.1016/j.jbankfin.2014.05.023

M3 - 文章

AN - SCOPUS:84904363679

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ER -

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

Abstract

Keywords

UN SDGs

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