Does Board Structure Affect Stock Price Overshooting Informativeness Measured By Stochastic Oscillator Indicators?
學年 110
學期 2
出版(發表)日期 2022-04-15
作品名稱 Does Board Structure Affect Stock Price Overshooting Informativeness Measured By Stochastic Oscillator Indicators?
作品名稱(其他語言)
著者 Yensen Ni; Yirung Cheng; Yulu Liao; Paoyu Huang
單位
出版者
著錄名稱、卷期、頁數 International Journal of Finance & Economics 27 (2), 2290-2302
摘要 We explore whether our proposed proxies for stock price overshooting informativeness and the days falling into overbought (oversold) zones defined by the SOI over the total number of trading days in a year (hereafter referred to as OB‐ratio [OS‐ratio]) would be affected by the function of the board structure and by financial performance. Results show that firms with high OS‐ratio (OB‐ratio) are those with ill‐functioning (well‐functioning) board structures and inferior (superior) financial performance. Thus, we argue that our new proxies could be employed to gauge board structure function and even financial performance.
關鍵字 board structure;financial performance;stochastic oscillator indicators;stock price informativeness
語言 en_US
ISSN 1099-1158
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 ,電子版
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