Lack of monitoring the performance of managers not only has trampled the rights of shareholders and other stakeholders of the company, but also has increased the personal interests of managers in the absence of adequate monitoring on their performance. The aim of this study is to investigate the...

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....