insurance; and (4) in countries that have lower bank-level disclosure. The results hold for both emerging and developed economy …This paper examines what institutional and bank-specific factors determine bank stock price synchronicity. Using data … on 37 countries from 1996-2007, we find that bank stocks are more aligned with the whole market (1) during the financial …

; and in countries that have lower bank-level disclosure. The results hold for both emerging and developed economy …This paper examines what institutional and bank-specific factors determine bank stock price synchronicity. Using data … on 37 countries from 1996–2007, we find that bank stocks are more aligned with the whole market during the financial …

We test the relationship between takeover protection and voluntary disclosure in a setting of antitakeover laws in a … incorporated in states with more antitakeover laws have higher levels of voluntary disclosure and stock market liquidity. Further … tests based on the proprietary costs of voluntary disclosure do not support shareholder demands being the driving force for …