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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Autores principales:	Nghia Phan Trong, Van Vu Thi Thuy
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	ownership of large shareholders ownership of foreign investors stock price synchronicity vietnam stock market Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/f8347cd993a74f1cb209830afbae7269
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spelling	oai:doaj.org-article:f8347cd993a74f1cb209830afbae72692021-12-02T16:33:53ZImpacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market2331-197510.1080/23311975.2021.1963178https://doaj.org/article/f8347cd993a74f1cb209830afbae72692021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1963178https://doaj.org/toc/2331-1975The 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.Nghia Phan TrongVan Vu Thi ThuyTaylor & Francis Grouparticleownership of large shareholdersownership of foreign investorsstock price synchronicityvietnam stock marketBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	ownership of large shareholders ownership of foreign investors stock price synchronicity vietnam stock market Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	ownership of large shareholders ownership of foreign investors stock price synchronicity vietnam stock market Business HF5001-6182 Management. Industrial management HD28-70 Nghia Phan Trong Van Vu Thi Thuy Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market
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.
format	article
author	Nghia Phan Trong Van Vu Thi Thuy
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
publishDate	2021
url	https://doaj.org/article/f8347cd993a74f1cb209830afbae7269
work_keys_str_mv	AT nghiaphantrong impactsofownershipstructureonstockpricesynchronicityoflistedcompaniesonvietnamstockmarket AT vanvuthithuy impactsofownershipstructureonstockpricesynchronicityoflistedcompaniesonvietnamstockmarket
_version_	1718383789628981248

Impacts of ownership structure on stock price synchronicity of listed companies on Vietnam stock market

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