Adverse selection component and corporate governance.
This paper examines the impact of corporate governance on the bid-ask spread components of stocks, namely the adverse selection component. Corporate governance can be evaluated using seven criteria: discipline, transparency, independence, accountability, responsibilities, fairness and social awarene...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9255 |
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| Institution: | Nanyang Technological University |
| Summary: | This paper examines the impact of corporate governance on the bid-ask spread components of stocks, namely the adverse selection component. Corporate governance can be evaluated using seven criteria: discipline, transparency, independence, accountability, responsibilities, fairness and social awareness. Our results show that corporate governance has an inverse relationship with the adverse selection component. |
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