The Effect of Market Transparency: Volatility and Liquidity in the Korean Stock Market

Sang Bin Lee and Jee Seok Chung

Review of Quantitative Finance and Accounting, 1998, vol. 11, issue 1, 23-35

Abstract: Faced with unprecedented competition, stock markets should have fairness and transparency. The effects of market transparency for the stock market volatility and liquidity will be investigated using the case of the Korean stock market. The evidence from this study indicates that increasing the market transparency makes the price discovery process more efficient than before from the viewpoint of stock market volatility, and increases the stock market liquidity compared with before. Copyright 1998 by Kluwer Academic Publishers

Date: 1998
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