• Follow Us On : 

CUHK Business School Research Reveals Local Financial Analysts with Access to Political Knowledge Generate More Accurate Forecasts in China


Redaksi | Jumat,15 Juni 2018 - 02:44:26 WIB
Dibaca: 3058 kali 
CUHK Business School Research Reveals Local Financial Analysts with Access to Political Knowledge Generate More Accurate Forecasts in China

HONG KONG, CHINA - Media OutReach - June 14, 2018 - Research study on work of local and foreign brokerage analysts in China finds political knowledge creates information wedge between market participants.

Institutional factors, such as politics and the relationships between politicians and companies, can shape the way businesses report financial information in many emerging economies.

There is often huge foreign interest in such economies -- particularly the Asian powerhouse, China -- but it can be a major challenge for some market participants to obtain such information.

Tianyu Zhang, Professor of School of Accountancy and Director of Centre for Institutions and Governance at The Chinese University of Hong Kong (CUHK) Business School with his collaborators Prof. Forester Wong and Prof. T.J. Wong, both of University of Southern California Marshall School of Business, examined the role political knowledge plays in China in creating an information imbalance between different market participants, offering valuable insights into the workings of China's emerging markets.

"We used financial analysts as our market participants because forecast accuracy offers a good benchmark for measuring the information they possess," says Prof. Zhang.

"Another reason is that the different acquisition costs of political knowledge between local analysts (those working for domestic brokerages), and foreign analysts (those working for local offices of foreign brokerages) is likely to drive an information wedge between them," he adds.

China: An Ideal Context for Information Asymmetry Study
According to Prof. Zhang, China offers an excellent context in which to study the effect of political institutions on information asymmetry between market participants.

"Many of China's markets, including the equity market, are still heavily regulated by the government, and the state continues to hold the majority share ownership of the large listed firms," he says.


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Rabu,18 April 2018 - 00:34:50 WIB

CUHK Installs Professor Rocky S. Tuan as Eighth Vice-Chancellor and President

HONG KONG, CHINA - Media OutReach - 17 April 2018 - The Chinese University of Hong Kong (C

Kamis,11 April 2019 - 02:07:16 WIB

CUHK Business School Research Reveals How Chinese Differs from Americans in Their Perceptions of Bribery

CHINA - 10 April 2019 - Corruption is a major threat faced by China and anyone who wa

Rabu,19 September 2018 - 06:41:02 WIB

CUHK Business School Research Reveals How Cultural Background Affects Chinese Immigrants' Overseas Property Investments

CHINA - Media OutReach - 18 September 2018 - Our world is becoming fla

Kamis,25 Oktober 2018 - 04:36:41 WIB

CUHK Business School Research Reveals the Pros and Cons of Being a Leader of an Organisation

HONG KONG, CHINA - Media OutReach - 24 October 2018 - While being a leader

Kamis,25 Juli 2019 - 14:49:23 WIB

CUHK Business School Reveals How Court Transparency in China is Biased by Politics and How the Bias Has Economic Consequences

CHINA - 25 July 2019 - Researchers say the Chinese government has suppressed more than 60 percent of

Selasa,31 Juli 2018 - 19:55:41 WIB

CUHK Business School Research Reveals How our Perceived Future Influences our Memories of the Past

CHINA - 31 July 2018 - Vivid memories and emotions about things affect our perceptions of when

BERITA LAINNYA
Rabu,11 Desember 2019 - 04:48:41 WIB

Kevine Pengusaha Milenial Ajak Generasi Muda Siap Hadapi Perdagangan Global 2020

BANDUNG - Kemajuan teknologi telekomunikasi pada saat sekarang ini memicu maraknya bisnis yang dilak

Selasa,10 Desember 2019 - 14:04:27 WIB

West Java International Coffee Festival 2019 Lahirkan Kerjasama Kawasan Edukasi dan Agrowisata Kopi dengan Investor Korea

BANDUNG - Pelaksanaan West Java International Coffee Festival (WEJICOFES) 2019 yang dijadwalkan dari

Selasa,10 Desember 2019 - 13:49:09 WIB

Angkat Kisah Bibi Nabi Muhammad SAW, Darwish Melejit Lewat Lagu Safiyyah

PADANG – Nabi Muhammad SAW dalam menegakkan ajaran Islam, banyak sosok yang ikut membantu perj

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI