Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market
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 companies listed on Vietnam stock market from 2007 to 2017 and used the multivariate regression method with a...
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2021-01-01
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Online Access: | http://dx.doi.org/10.1080/23311975.2021.1963178 |
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doaj-f8347cd993a74f1cb209830afbae72692021-08-24T15:34:24ZengTaylor & Francis GroupCogent Business & Management2331-19752021-01-018110.1080/23311975.2021.19631781963178Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock marketNghia Phan Trong0Van Vu Thi Thuy1Quy Nhon UniversityNational Economics UniversityThe 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 companies listed on Vietnam stock market from 2007 to 2017 and used the multivariate regression method with array data sets. The research findings have shown that in Vietnam, stock price synchronicity is mainly caused by general information of the whole market. In addition, the paper has pointed out that a negative relationship exists between the ownership of large shareholders, the ownership of foreign investors and the stock price synchronicity and that there is a positive relationship between state ownership and the stock price synchronicity. The research findings have indicated more clearly the phenomenon of stock price synchronicity in a developing country and offered corporate executives several important implications to limit synchronicity and enhance the informativeness in the company’s stock price.http://dx.doi.org/10.1080/23311975.2021.1963178ownership of large shareholdersownership of foreign investorsstock price synchronicityvietnam stock market |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Nghia Phan Trong Van Vu Thi Thuy |
spellingShingle |
Nghia Phan Trong Van Vu Thi Thuy Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market Cogent Business & Management ownership of large shareholders ownership of foreign investors stock price synchronicity vietnam stock market |
author_facet |
Nghia Phan Trong Van Vu Thi Thuy |
author_sort |
Nghia Phan Trong |
title |
Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market |
title_short |
Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market |
title_full |
Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market |
title_fullStr |
Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market |
title_full_unstemmed |
Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market |
title_sort |
impacts of ownership structure on stock price synchronicity of listed companies on vietnam stock market |
publisher |
Taylor & Francis Group |
series |
Cogent Business & Management |
issn |
2331-1975 |
publishDate |
2021-01-01 |
description |
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 companies listed on Vietnam stock market from 2007 to 2017 and used the multivariate regression method with array data sets. The research findings have shown that in Vietnam, stock price synchronicity is mainly caused by general information of the whole market. In addition, the paper has pointed out that a negative relationship exists between the ownership of large shareholders, the ownership of foreign investors and the stock price synchronicity and that there is a positive relationship between state ownership and the stock price synchronicity. The research findings have indicated more clearly the phenomenon of stock price synchronicity in a developing country and offered corporate executives several important implications to limit synchronicity and enhance the informativeness in the company’s stock price. |
topic |
ownership of large shareholders ownership of foreign investors stock price synchronicity vietnam stock market |
url |
http://dx.doi.org/10.1080/23311975.2021.1963178 |
work_keys_str_mv |
AT nghiaphantrong impactsofownershipstructureonstockpricesynchronicityoflistedcompaniesonvietnamstockmarket AT vanvuthithuy impactsofownershipstructureonstockpricesynchronicityoflistedcompaniesonvietnamstockmarket |
_version_ |
1721197316338089984 |