This study examines the impact of digital transformation on the stock price informativeness and the underlying mechanisms in Chinese equity market. Based on the textual analysis method, we find that the adoption of digital technologies can significantly lower the stock price synchronicity....

This study examines the impact of stock market liberalization on corporate investment and its underlying mechanisms in the context of the Mainland–Hong Kong Stock Connect programs in China. The difference-in-differences estimation suggests that stock market liberalization improves corporate...