The Trend of Stock Price Synchronicity in China
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DOI: 10.23977/icemgd.2019.007
Corresponding Author
Luo Youliang
ABSTRACT
The synchronicity of stock reflects the efficiency of stock market, as it measures how many stocks’ price move in the same direction. The more the amount of firm-specific information is impounded into stock prices, the less synchronicity the market has. We use
KEYWORDS
Stock price synchronicity; Information revelation; Institution building