Abstract
The purpose of this paper is to examine the impacts of ownership structure on stock price synchronicity in Vietnam stock market. The research has been conducted with a sample of all of those compan...
Highlights
The stock market is effective when the stock price must reflect relevant information, or the stock price must be informative
The regression model examines the impact of the ownership structure on stock price synchronicity in four different approaches to test the sustainability of the research findings
The research findings reveal that stock return synchronicity is substantially influenced by macroeconomic information of the whole market or the stock prices of companies listed on the Vietnam stock market have a high degree of synchronicity with the market synchronicity
Summary
The stock market is effective when the stock price must reflect relevant information, or the stock price must be informative. Empirical studies in the world show that capital is allocated more efficiently in the economy when the stock prices are more informative (Durnev et al, 2004; Wurgler, 2000). When the prices reflect less or incorrectly the information related to the company, Nghia Phan Trong ABOUT THE AUTHOR. Dr Phan Trong Nghĩa is working and teaching at the Quy Nhon University, Vietnam. Dr Vu Thi Thuy Van is a lecturer at the School of Banking and Finance, National Economics University, Vietnam. Her works focus on coporate finance and stock market
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