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Empirical Research On The Relationship Between Transparency And Stock Price Volatility Of GEM Listed Companies

Posted on:2019-01-14Degree:MasterType:Thesis
Country:ChinaCandidate:H C ZhangFull Text:PDF
GTID:2439330572963985Subject:Finance
Abstract/Summary:PDF Full Text Request
This paper analyzes and examines the relationship between corporate transparency and stock price volatility.Through the independence of the board of directors,the results of the disclosure of the company's information and the audit fees of the listed companies,and the transparency of the company is analyzed,and the volatility of the stock price is measured by the variance of the stock return rate,and then the company transparency and the volatility of the stock price are studied by the regression analysis.It is found that there is a significant negative correlation between the transparency of the company and the volatility of the stock price,that is to say,the volatility of the stock price decreases with the increase of the company's transparency.The purpose of this paper is to clarify the relationship between corporate transparency and the volatility of stock prices,and on the basis of this,the reasons for the volatility of the stock market in China and the corresponding policy suggestions are given.
Keywords/Search Tags:Growth Enterprise Market, Corporate Transparency, Stock price volatility
PDF Full Text Request
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