Does Corporate Governance Improve Transparency in Emerging Markets?

Pornanong Budsaratragoon, David Hillier and Suntharee Lhaopadchan

Journal of Financial Management, Markets and Institutions, 2014, issue 1, 87-104

Abstract: We seek to understand how corporate governance affects transparency in emerging markets, where information asymmetry is endemically high. Using Thailand as a case study, we find that firms with better quality corporate governance have more firm-specific information incorporated in stock prices. We also highlight the role of corporate insider trading in further reducing information asymmetry in Thailand. The results are robust to alternative proxies for information disclosure.

Keywords: Corporate Governance; Transparency; Emerging Markets; Thailand. (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.12831/77238 (application/pdf)
https://www.rivisteweb.it/doi/10.12831/77238 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:jdp901:doi:10.12831/77238:y:2014:i:1:p:87-104

Access Statistics for this article

More articles in Journal of Financial Management, Markets and Institutions from Società editrice il Mulino
Bibliographic data for series maintained by ().