Choe, Chong-mu; Sami, Heibatollah; Zhou, Haiyan - In: China Journal of Accounting Research 3 (2010), pp. 13-50
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. The...