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- Publisher Website: 10.1016/j.econlet.2007.04.004
- Scopus: eid_2-s2.0-37249057897
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Article: Stock trading and diversification discount
Title | Stock trading and diversification discount |
---|---|
Authors | |
Keywords | Corporate investment Diversification discount Information production Stock trading |
Issue Date | 2008 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet |
Citation | Economics Letters, 2008, v. 98 n. 1, p. 35-40 How to Cite? |
Abstract | While explicitly assuming that stock price conveys valuable information to the management, we show that the value loss from diversification is a function of the stock price informativeness. More informed stock trading leads to a more efficient investment and a smaller diversification discount. © 2007 Elsevier B.V. All rights reserved. |
Persistent Identifier | http://hdl.handle.net/10722/85613 |
ISSN | 2023 Impact Factor: 2.1 2023 SCImago Journal Rankings: 0.729 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Liu, Q | en_HK |
dc.contributor.author | Qi, R | en_HK |
dc.date.accessioned | 2010-09-06T09:07:11Z | - |
dc.date.available | 2010-09-06T09:07:11Z | - |
dc.date.issued | 2008 | en_HK |
dc.identifier.citation | Economics Letters, 2008, v. 98 n. 1, p. 35-40 | en_HK |
dc.identifier.issn | 0165-1765 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/85613 | - |
dc.description.abstract | While explicitly assuming that stock price conveys valuable information to the management, we show that the value loss from diversification is a function of the stock price informativeness. More informed stock trading leads to a more efficient investment and a smaller diversification discount. © 2007 Elsevier B.V. All rights reserved. | en_HK |
dc.language | eng | en_HK |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet | en_HK |
dc.relation.ispartof | Economics Letters | en_HK |
dc.rights | Economics Letters . Copyright © Elsevier BV. | en_HK |
dc.subject | Corporate investment | en_HK |
dc.subject | Diversification discount | en_HK |
dc.subject | Information production | en_HK |
dc.subject | Stock trading | en_HK |
dc.title | Stock trading and diversification discount | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0165-1765&volume=98&issue=1&spage=35&epage=40&date=2007&atitle=Stock+trading+and+diversification+discount+ | en_HK |
dc.identifier.email | Liu, Q: qliu@hku.hk | en_HK |
dc.identifier.authority | Liu, Q=rp01078 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.econlet.2007.04.004 | en_HK |
dc.identifier.scopus | eid_2-s2.0-37249057897 | en_HK |
dc.identifier.hkuros | 130410 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-37249057897&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 98 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 35 | en_HK |
dc.identifier.epage | 40 | en_HK |
dc.identifier.isi | WOS:000252654700007 | - |
dc.publisher.place | Netherlands | en_HK |
dc.identifier.scopusauthorid | Liu, Q=55429572300 | en_HK |
dc.identifier.scopusauthorid | Qi, R=23091949700 | en_HK |
dc.identifier.issnl | 0165-1765 | - |