Do foreign investors improve stock price informativeness in emerging equity markets? Evidence from Vietnam

Xuan Vinh Vo

Research in International Business and Finance, 2017, vol. 42, issue C, 986-991

Abstract: Most of previous studies on stock price informativeness tend to focus on the context of mature stock markets while this issue is more acute in emerging equity markets where regulatory and institutional structure are weak. This paper examines the relationship between foreign ownership and stock price informativeness in Vietnam stock market. We utilize a data set covering firm attributes of non-financial firms listed on the Ho Chi Minh City stock exchange over the period 2007–2015. Employing different estimation techniques for panel data, the empirical results indicate that foreign investors improve stock price informativeness in Vietnam stock market. The finding from this paper confirms the important role of foreign investors in emerging equity markets.

Keywords: Emerging equity markets; Foreign ownership; Stock price informativeness; Vietnam (search for similar items in EconPapers)
JEL-codes: G10 G20 G24 G32 G35 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:42:y:2017:i:c:p:986-991

DOI: 10.1016/j.ribaf.2017.07.032

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