Ben-Nasr, Hamdi; Cosset, Jean-Claude - In: Journal of Corporate Finance 29 (2014) C, pp. 179-199
In this paper, we examine the relation between government ownership and stock price informativeness around the world … ownership is associated with lower firm-level stock price variation, i.e., stock price informativeness. Furthermore, we find … that the relation between state ownership and stock price informativeness depends on political institutions. In particular …