The information content of stock markets: why do emerging markets have synchronous stock price movements?
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Highly concentrated ownership can distort corporate decisions in ways that curtail innovation, encourage rent-seeking, and stymie growth.
“Thus, highly concentrated ownership can distort corporate decisions in ways that curtail innovation, encourage rentseeking, and stymie growth.”
From Finance, Growth, and Inequality (2021) · cites this paper as Morck et al., 2000
Stock markets in more developed countries incorporate firm-specific information better, and so may help allocate investment more effectively.
“Morck, Yeung, and Yu (2000) find that stock markets in more developed countries incorporate firmspecific information better, and so may help allocate investment more effectively.”
From Investor protection and corporate governance (2000) · cites this paper as Morck, Yeung, and Yu (2000)
Cites
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Corporate Ownership Around the World
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When an event is not an event: the curious case of an emerging market
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Investor protection and corporate governance
La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00065-9 · Cited by 6,848 · see citing works
“Morck, Yeung, and Yu (2000) find that stock markets in more developed countries incorporate firm-specific information better, and so may help allocate investment more effectively.”
Chapter 12 Finance and Growth: Theory and Evidence
Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889 · see citing works
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Anand, J., McDermott, G., Mudambi, R., & Narula, R. (2021) · Journal of International Business Studies · doi:10.1057/s41267-021-00426-1 · Cited by 251 · see citing works
Finance, Growth, and Inequality
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How Does Corporate Governance Affect Equity Volatility? Worldwide Evidence and Theory
Gagnon, L., & Jeanneret, A. (2025) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfad002 · Cited by 8 · see citing works
- Authors
- Morck, R., Yeung, B., & Yu, W.
- Affiliations
- New York University (US)
- ORCID
- Yeung, Bernard
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 2000-01
- Volume
- 58
- Issue
- 1-2
- Pages
- 215-260
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W3122075419
- Cited by
- 3,335
- References
- 16
- Citations by year
- 2026: 166 · 2025: 196 · 2024: 217 · 2023: 215 · 2022: 157 · 2021: 167 · 2020: 170 · 2019: 121 · 2018: 136 · 2017: 145 · 2016: 164 · 2015: 133 · 2014: 176 · 2013: 155 · 2012: 143
- FWCI
- 75.08
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Locations
- Journal of Financial Economics (publishedVersion)
- SSRN Electronic Journal (acceptedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Deep Blue (University of Michigan) (submittedVersion)
- PolyU Institutional Research Archive (Hong Kong Polytechnic University) (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Risk and Volatility Modeling
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
- Keywords
- stock price co-movement, emerging stock markets, property rights, noise trader risk, systematic risk, firm-specific risk, investor protection, developed vs emerging markets
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