The Effect of Equity Concentration, Dual Listing and Audit Quality on Stock Price Synchronicity

DOI

10.2991/jahp-19.2019.194How to use a DOI?

Keywords

equity concentration; dual listing; audit quality; stock price synchronicity

Abstract

This paper studies the impact of stock concentration, dual listing and audit quality on the stock price synchronicity of listed companies in China during the period from 2009 to 2018. Using unbalanced panel data, this paper concludes that stock price synchronicity is a concave function of equity concentration, and that foreign ownership and high quality audits will effectively reduce the synchronicity of stock prices and make the market more effective.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xingcun Hu
AU  - Yongfan Ma
PY  - 2019/09
DA  - 2019/09
TI  - The Effect of Equity Concentration, Dual Listing and Audit Quality on Stock Price Synchronicity
BT  - Proceedings of the 4th International Conference on Economy, Judicature, Administration and Humanitarian Projects (JAHP 2019)
PB  - Atlantis Press
SP  - 962
EP  - 969
SN  - 2352-5428
UR  - https://doi.org/10.2991/jahp-19.2019.194
DO  - 10.2991/jahp-19.2019.194
ID  - Hu2019/09
ER  -