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Article
Publication date: 20 August 2024

Jang-Chul Kim, Qing Su and Teressa Elliott

This study aims to investigate the relationship among liquidity, information asymmetry and political risk for non-US stocks listed on the NYSE. Additionally, the study aims to…

Abstract

Purpose

This study aims to investigate the relationship among liquidity, information asymmetry and political risk for non-US stocks listed on the NYSE. Additionally, the study aims to explore the impact of political tension on market quality.

Design/methodology/approach

This research adopts a quantitative methodology to examine the interplay between liquidity, information asymmetry and political risk in non-US stocks on the NYSE. A comprehensive analysis encompasses stocks from countries with varying political risk levels, demonstrating a correlation between lower political risk and improved market quality. In assessing the impact of US–China trade conflicts on Chinese stocks, political shocks are scrutinized. Results indicate that heightened political tension exacerbates information asymmetry and diminishes market liquidity, underscoring the susceptibility of stocks in politically strained environments to adverse shocks.

Findings

Non-US stocks from countries with lower political risk show higher liquidity and market efficiency, with narrower bid-ask spreads and smaller price impacts of trades. These stocks also demonstrate a higher market quality index, indicating improved overall market performance. In addition, during periods of escalated US –China political tension over trade policy, the liquidity of non-US stocks from China worsens, leading to wider bid-ask spreads and increased information asymmetry.

Originality/value

This study provides novel insights into the impact of political risk on stock market dynamics for non-US stocks listed on the NYSE, with a particular emphasis on the US –China trade conflict's effect on Chinese stocks.

Details

International Journal of Managerial Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1743-9132

Keywords

Book part
Publication date: 12 September 2014

Teressa L. Elliott and Catherine Neal

With the large majority of colleges and schools of business integrating ethics into their curricula, business ethics educators must work to improve the quality of instruction and…

Abstract

With the large majority of colleges and schools of business integrating ethics into their curricula, business ethics educators must work to improve the quality of instruction and find methods that enhance student learning. Because many films now address business ethics issues, the content of these films may be used to enhance the teaching of business ethics to undergraduate and graduate business students. This chapter suggests films that may be presented in business ethics classes to illustrate the four ethical categories set forth by the accrediting body for schools of business, The Association to Advance Collegiate Schools of Business (AACSB International), in their 2004 report on ethics education in business schools: ethical decision-making, ethical leadership, responsibility of business in society, and corporate governance.

Details

The Contribution of Fiction to Organizational Ethics
Type: Book
ISBN: 978-1-78350-949-2

Keywords

Book part
Publication date: 12 September 2014

Abstract

Details

The Contribution of Fiction to Organizational Ethics
Type: Book
ISBN: 978-1-78350-949-2

Content available
Book part
Publication date: 12 September 2014

Abstract

Details

The Contribution of Fiction to Organizational Ethics
Type: Book
ISBN: 978-1-78350-949-2

Abstract

Details

The Contribution of Fiction to Organizational Ethics
Type: Book
ISBN: 978-1-78350-949-2

Content available
Article
Publication date: 19 October 2010

179

Abstract

Details

Library Hi Tech News, vol. 27 no. 8
Type: Research Article
ISSN: 0741-9058

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