Effect of voluntary disclosure on stock volatility and liquidity : Singapore evidence
Ang, Li Chen
Leong, Richard See-Kit
Date of Issue2004
College of Business (Nanyang Business School)
In this paper, we investigate if the stock market rewards firms for voluntary disclosure using three proxies for information asymmetry, namely security returns volatility, trading volume and bid-ask spreads. The efficiency of the Singapore stock market is also tested by comparing the three proxies during announcement and non-announcement periods.
Final Year Project (FYP)
Nanyang Technological University