Managerial ability and stock price synchronicity

被引：6
作者：
Gan, Xiaojun [1 ]
Hu, Pei [2 ]
机构：
[1] Hainan Normal Univ, Sch Econ & Management, Haikou 571158, Peoples R China
[2] Wuhan City Polytech, Sch Engn & Architecture, Wuhan 430064, Hubei, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 56卷
关键词：
Managerial ability; Share price synchronicity; Institutional investors' shareholding;
D O I：
10.1016/j.frl.2023.104124
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Based on the perspective of ability heterogeneity, this paper investigates the influence of managers on stock price synchronicity. An empirical analysis was conducted by selecting data from Chinese A-share listed companies from 2014 to 2021. The results show that the higher the manager's ability, the more information is transmitted to the outside through the company's management, the more the company's stock price contains company-specific information, and thus the lower the stock price synchronicity; in listed companies with high institutional ownership, the manager's ability can reduce the stock price synchronicity.
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页数：9
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