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DC Field | Value | Language |
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dc.contributor.author | Egwuonwu, A | - |
dc.contributor.author | Lodh, S | - |
dc.contributor.author | Nandy, M | - |
dc.date.accessioned | 2021-03-17T10:49:06Z | - |
dc.date.available | 2021-03-17T10:49:06Z | - |
dc.date.issued | 2021-02-05 | - |
dc.identifier.citation | Egwuonwu, A., Lodh, S. and Nandy, M. (2021) 'Stock co‐movement and governance bundles: Does the quality of national governance moderate this relationship?', International Journal of Finance and Economics, 28 (3), pp. 2530-2548. doi: 10.1002/ijfe.2548. | en_US |
dc.identifier.issn | 1076-9307 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/22468 | - |
dc.description | Data Availability Statement: The data that support the findings of this study are available from the corresponding author upon reasonable request. | - |
dc.description.abstract | In this study, we examine if corporate governance, as a bundle, can better explain stock co-movement. To test the implication of governance bundles on stock co-movement, we consider a monitoring and incentive alignment bundle. Using 2,659 firm-year observations from 321 firms listed on the S&P 500 from 2009 to 2017, we find that the governance mechanism bundle can enhance the ability of stock prices to integrate better firm-specific information, which reflects on stock co-movement. In addition, we find the existence of a complementary relationship between National Governance Quality and a firm's board monitoring. This also helps in explaining the puzzle of stock co-movement. The findings will extend the understanding about the co-movement-related literature mentioned in the corporate governance and corporate finance research. The findings are also helpful for decision makers and policy makers involved in the efficient controlling of stock co-movement. | - |
dc.format.extent | 2530 - 2548 | - |
dc.format.medium | Print-Electronic | - |
dc.language | English | - |
dc.language.iso | en | en_US |
dc.publisher | Wiley | en_US |
dc.rights | Copyright © 2021 John Wiley & Sons Ltd. All Rights Reserved. This is the peer reviewed version of the following article: Stock co-movement and governance bundles: 'Does the quality of national governance moderate this relationship?', which has been published in final form at https://doi.org/10.1002/ijfe.2548. This article may be used for non-commercial purposes in accordance with John Wiley & Sons Ltd's Terms and Conditions for Self-Archiving (see: https://authorservices.wiley.com/author-resources/Journal-Authors/licensing/self-archiving.html). | - |
dc.rights.uri | https://authorservices.wiley.com/author-resources/Journal-Authors/licensing/self-archiving.html | - |
dc.subject | board monitoring | en_US |
dc.subject | governance bundle | en_US |
dc.subject | national governance quality | en_US |
dc.subject | incentive alignment | en_US |
dc.subject | stock co‐movement | en_US |
dc.title | Stock co-movement and governance bundles: Does the quality of national governance moderate this relationship? | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1002/ijfe.2548 | - |
dc.relation.isPartOf | International Journal of Finance and Economics | - |
pubs.issue | 3 | - |
pubs.publication-status | Published | - |
pubs.volume | 28 | - |
dc.identifier.eissn | 1099-1158 | - |
dc.rights.holder | John Wiley & Sons Ltd. | - |
Appears in Collections: | Brunel Business School Research Papers |
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FullText.pdf | Copyright © 2021 John Wiley & Sons Ltd. All Rights Reserved. This is the peer reviewed version of the following article: Stock co-movement and governance bundles: 'Does the quality of national governance moderate this relationship?', which has been published in final form at https://doi.org/10.1002/ijfe.2548. This article may be used for non-commercial purposes in accordance with John Wiley & Sons Ltd's Terms and Conditions for Self-Archiving (see: https://authorservices.wiley.com/author-resources/Journal-Authors/licensing/self-archiving.html). | 500.09 kB | Adobe PDF | View/Open |
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