Ding, Rong; Hou, Wenxuan; Kuo, Jing-Ming; Lee, Edward - In: Journal of Multinational Financial Management 23 (2013) 3, pp. 166-185
We examine the impact of mutual fund ownership on stock price informativeness in China. Existing evidence shows that … stock price informativeness is low in China, and attributes this to firms’ lack of disclosure incentives under the weak … mutual funds in China can also be moderated by state ownership of listed firms, which reduces firms’ dependence on outside …