Ben-Nasr, Hamdi; Cosset, Jean-Claude - In: Journal of Corporate Finance 29 (2014) C, pp. 179-199
In this paper, we examine the relation between government ownership and stock price informativeness around the world. Using a sample of privatized firms from 41 countries between 1980 and 2012, we find strong and robust evidence that state ownership is associated with lower firm-level stock...