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Article: Stock trading and diversification discount

TitleStock trading and diversification discount
Authors
Liu, QQi, R
KeywordsCorporate investment
Diversification discount
Information production
Stock trading
Issue Date2008
PublisherElsevier 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?
DOI: http://dx.doi.org/10.1016/j.econlet.2007.04.004
AbstractWhile 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 Identifierhttp://hdl.handle.net/10722/85613
ISSN
0165-1765
2023 Impact Factor: 2.1
2023 SCImago Journal Rankings: 0.729
ISI Accession Number ID
WOS:000252654700007
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorLiu, Qen_HK
dc.contributor.authorQi, Ren_HK
dc.date.accessioned2010-09-06T09:07:11Z-
dc.date.available2010-09-06T09:07:11Z-
dc.date.issued2008en_HK
dc.identifier.citationEconomics Letters, 2008, v. 98 n. 1, p. 35-40en_HK
dc.identifier.issn0165-1765en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85613-
dc.description.abstractWhile 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.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecoleten_HK
dc.relation.ispartofEconomics Lettersen_HK
dc.rightsEconomics Letters . Copyright © Elsevier BV.en_HK
dc.subjectCorporate investmenten_HK
dc.subjectDiversification discounten_HK
dc.subjectInformation productionen_HK
dc.subjectStock tradingen_HK
dc.titleStock trading and diversification discounten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://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.emailLiu, Q: qliu@hku.hken_HK
dc.identifier.authorityLiu, Q=rp01078en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.econlet.2007.04.004en_HK
dc.identifier.scopuseid_2-s2.0-37249057897en_HK
dc.identifier.hkuros130410en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-37249057897&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume98en_HK
dc.identifier.issue1en_HK
dc.identifier.spage35en_HK
dc.identifier.epage40en_HK
dc.identifier.isiWOS:000252654700007-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridLiu, Q=55429572300en_HK
dc.identifier.scopusauthoridQi, R=23091949700en_HK
dc.identifier.issnl0165-1765-

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