The level of asymmetric information: Evidence from listed Firms on Ho Chi Minh City Stock exchange
| Autor: | Nguyễn Văn Ngãi, Trần Thị Tú Anh, Phan Bùi Gia Thủy |
|---|---|
| Jazyk: | vietnamština |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh, Vol 11, Iss 1, Pp 58-66 (2020) |
| Druh dokumentu: | article |
| ISSN: | 2734-9306 2734-9578 |
| Popis: | This study aims to investigate the levelof asymmetric information proxied by the Adverse Selection Component (ASC) in HCMC Stock Market during the period from December 1st, 2012 to May 31th, 2013. Using quantitative methods and three models of Glosten andHarris(1988); Lin, Sanger andBooth(1995); and Kim and Ogden (1996), the main results of this study show thatASC in HCMC Stock Market is in the range 69% to 77% Bid-Ask Spread. Compared with the results of previous studies, ASC decreases in HCMC Stock Market, but compared to foreign stockmarket, ASC is at a higher level. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|