In some circles, transparency has become a buzzword as organizations face increasing pressure from institutional shareholders and regulators, banks and other stakeholders needing to monitor financial conditions and managerial decisions more closely to protect their interests. The call for...

This study examines the effect of corporate ownership on information asymmetry as measured by bid-ask spread in the emerging markets of China. Government ownership has significant and positive impacts on bid-ask spread during the period 1995–2000, but disappears afterward during 2001–2003....