The Effect of Shanghai-Hong Kong Stock Connect on Information Quality of Listed Company
Journal: International Journal of Science and Research (IJSR) (Vol.6, No. 7)Publication Date: 2017-07-05
Authors : Yan'e Kou;
Page : 14-19
Keywords : shanghai-hong kong stock connect policy; information quality of listed company; earnings management; corporate governance;
Abstract
The Shanghai-Hong Kong stock connect policy is a milestone in the internationalization of China's capital markets. Based on the proportion of foreign investors under the Shanghai-Hong Kong stock connect policy, using the revised Jones model to measure information quality of listed company, the fixed effect model is constructed in order to explore the role of the shanghai-hong kong stock connect in the disclosure process of listed companies. The results show that Foreign investors under the shanghai-hong kong stock connect policy cannot directly improve the information quality of listed companies. Instead, it is to make a positive supervisory role in corporate governance by balancing the largest shareholder. This result Provides basis for policy-making and corporate governance.
Other Latest Articles
- Assessment of Knowledge, Attitude and Practice Related to Mental Illness among Selected Population in Order to Develop a Self Instructional Module
- Effects of Acrylamide on the Reproductive Hormones and Sperm Quality in Male Rats
- Incidence of the Histological Types of Tumors of the Central Nervous System ? A Hospital Based Study
- Percutaneous Balloon Valvuloplasty with Inoue Balloon Catheter Technique for Pulmonary Valve Stenosis in Adolescents and Adults
- ASIC Implementation and Comparison of Diminished-one Modulo 2n+1 Adder
Last modified: 2021-06-30 19:29:57