Foreign institutional investors and stock price synchronicity of Chinese listed firms: further evidence

Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market

“…This result is consistent with the argument that with the advantages of foreign investors in collecting firm-specific information and experience in corporate governance; Ownership of foreign investors enhances corporate governance, improves the information environment and enables the firm to become more transparent; therefore, foreign investors' ownership has a positive impact and contributes to the increase in the informativeness and thereby reduce stock price synchronicity of companies listed on Vietnam's stock market. The research findings are consistent with many empirical studies in the world of the impact of foreign investor ownership on the stock price synchronicity such as Jiang and Kim (2004), Gul et al (2010), He et al (2013), He and Shen (2014), He et al (2019), Thi- Kim-Dung Bui et al (2020).…”

“…A study by Gul et al (2010) shows that the presence of foreign investors has improved the information environment, which helps incorporate the firmspecific information into stock prices, thereby reducing the stock price synchronicity. Research by He et al (2013) and He et al (2019) suggested that large shareholders being foreign investors can limit the stock price synchronicity through trading based on their information advantages. In addition, foreign investors enable the control of company management board to be more effective than domestic ones, especially in markets with poor corporate governance and the intransparent information environment; therefore lessen the stock price synchronicity (Kho et al, 2009;Vo, 2017).…”

Shariah compliance and stock price synchronicity: evidence from India

“…In this paper, we hypothesize that better information environment associated with shariahcompliant firms should result in higher levels of stock price synchronicity among these firms. Our H1 is based on prior literature that documents positive impact of information environment on stock price synchronicity (Chan and Hameed, 2006;Dasgupta et al, 2010;Claessens and Yafeh, 2011;He et al, 2019). Farooq and Ahmed (2014), for example, show that firms with better governance environment have higher stock price synchronicity than other firms.…”

“…Our H1 is based on prior literature that documents positive impact of information environment on stock price synchronicity (Chan and Hameed, 2006; Dasgupta et al. , 2010; Claessens and Yafeh, 2011; He et al. , 2019).…”