Stock Price Synchronicity and Analyst Coverage in Emerging Markets

By Kalok Chan, Allaudeen Hameed. 2006

826 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/79440b4de1c90b43a3e517884adceff461e7f98a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

IFRS reporting, firm-specific information flows, and institutional environments: international evidence (2012, positive): “Third, following prior related research (Piotroski and Roulstone 2004; Chan and Hameed 2006; Gul et al. 2010), we also control for firm size (Size), industry size (Nind), the extent of debt financing (Leverage), and earnings volatility (StdROA).”
The Development of China's Stock Market and Stakes for the Global Economy (2017, background): “However, in a sample of firms from 25 developing countries, Chan & Hameed (2006) show that stocks with greater analyst coverage have higher stock price synchronicity.”
Analyst following along the supply chain (2011, neutral): “Prior research shows that analysts tend to specialize in a few industries/sectors (e.g., Gilson et al. 2001; Piotroski and Roulstone 2004; Chan and Hameed 2006).”
Insider Trading Laws and Stock Price Informativeness (2009, background): “In findings that are consistent with no firm-specific information in analyst activities, Piotroski and Roulstone (2004) and Chan and Hameed (2006) indicate that greater analyst coverage is associated with lower stock price informativeness.”
The Benefits of Financial Statement Comparability (2011, neutral): “[1997], Clement [1999], Brown and Mohd [2003]).”
Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence (2010, background): “Using data from emerging markets, Chan and Hameed (2006) report that greater analyst coverage increases return synchronicity.”
Large controlling shareholders and stock price synchronicity (2014, neutral): “…price synchronicity and efficient capital allocation (Pindyck and Rotemberg, 1993; Wurgler, 2000), analyst activity (Piotroski and Roulstone, 2004; Chan and Hameed, 2006), earnings informativeness (Durnev et al., 2003), corporate transparency (Jin and Myers, 2006), voluntary disclosure (Haggard…”
Does stock price informativeness affect labor investment efficiency (2016, methodology): “, stock price informativeness), we follow Chen et al. (2007) and Ferreira et al. (2011) and use the Probability of Information trading (PIN) derived from Easely, Kiefer, and O'Hara’s (1996) market microstructure model.”