{"title":"金融知识与股票价格信息:一项跨国研究","authors":"Anita Todea","doi":"10.2478/subboec-2018-0004","DOIUrl":null,"url":null,"abstract":"Abstract This paper examines the impact of financial literacy on stock price informativeness in a sample of firms from 20 countries. Using four measures of stock price informativeness, we find a significant relationship between higher financial literacy and higher stock price informativeness. The individual investors’ contribution regarding the incorporation of specific information into stock prices includes private information also and not mere specific information in the general sense. Financial knowledge is the key element that helps individual investors to incorporate specific information into stock prices.","PeriodicalId":40872,"journal":{"name":"Studia Universitatis Babes-Bolyai Philologia","volume":"48 1","pages":"63 - 72"},"PeriodicalIF":0.1000,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Financial Literacy and Stock Price Informativeness: a Cross-Country Study\",\"authors\":\"Anita Todea\",\"doi\":\"10.2478/subboec-2018-0004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract This paper examines the impact of financial literacy on stock price informativeness in a sample of firms from 20 countries. Using four measures of stock price informativeness, we find a significant relationship between higher financial literacy and higher stock price informativeness. The individual investors’ contribution regarding the incorporation of specific information into stock prices includes private information also and not mere specific information in the general sense. Financial knowledge is the key element that helps individual investors to incorporate specific information into stock prices.\",\"PeriodicalId\":40872,\"journal\":{\"name\":\"Studia Universitatis Babes-Bolyai Philologia\",\"volume\":\"48 1\",\"pages\":\"63 - 72\"},\"PeriodicalIF\":0.1000,\"publicationDate\":\"2018-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Studia Universitatis Babes-Bolyai Philologia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2478/subboec-2018-0004\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"0\",\"JCRName\":\"LITERATURE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Studia Universitatis Babes-Bolyai Philologia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2478/subboec-2018-0004","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"LITERATURE","Score":null,"Total":0}
Financial Literacy and Stock Price Informativeness: a Cross-Country Study
Abstract This paper examines the impact of financial literacy on stock price informativeness in a sample of firms from 20 countries. Using four measures of stock price informativeness, we find a significant relationship between higher financial literacy and higher stock price informativeness. The individual investors’ contribution regarding the incorporation of specific information into stock prices includes private information also and not mere specific information in the general sense. Financial knowledge is the key element that helps individual investors to incorporate specific information into stock prices.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
