所属栏目:资本市场/市场有效性/2025/2025年第01期

Unlocking Stability: Corporate Site Visits and Information Disclosure
认领作者 认领作者管理权限
发布日期:2024年10月19日 上次修订日期:2024年10月19日

摘要

Corporate site visits provide investors with opportunities to obtain non-standard, tailored "soft" information about the firm. In this study, we investigate the impact of information disclosed from corporate site visits on stock market stability from the perspective of stock return volatility. Our findings suggest that it is the information disclosed rather than the visits themselves that significantly reduce stock return volatility, primarily by mitigating information asymmetry. Moreover, we observe that the volatility-mitigating effect of site visits is more pronounced when the visit information better aligns with investors' concerns and when it is more effectively disseminated. Our study contributes to the literature by demonstrating that the timely disclosure of site visit details serves as a stabilizing mechanism for stock prices through effective information mining and dissemination.
展开

刘舟 Unlocking Stability: Corporate Site Visits and Information Disclosure (2024年10月19日) https://www.cfrn.com.cn/dzqk/detail/16011

选择要认领的作者1
身份验证1
确认
取消