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Author:Cai, C.X.
Keasey, K.
Short, H.
Title:Corporate governance and information efficiency in security markets
Journal:European Financial Management
2006 : NOV, VOL. 12:5, p. 763-787
Index terms:corporate governance
information
efficiency
securities
markets
communication
news reporting
Language:eng
Abstract:This paper examines if corporate governance (hereafter as: c-c.) characteristics (here as: c-c-chrs.) do affect the market reaction to news. It is shown that c-c-chars. affect the market reaction to company specific news. These results point to the analysis of the impact of c-c-chars. on the market reaction to news being a new and complementary research agenda within c-c.
SCIMA record nr: 265116
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