Adverse Selection and Corporate Governance

• Main Authors: Charoenwong, Charlie, DING, David K., Siraprapasiri, Vasan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Corporate governance; Adverse selection; GLCs; Asian Studies; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3596; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4595/viewcontent/Adverse_selection_and_corporate_governance_av.pdf
• Institution: Singapore Management University

This paper examines the impact of corporate governance on the adverse selection component of the bid-ask spread of stocks listed on the Singapore Exchange. These companies have been identified by Credit Lyonnais Securities Asia (CSLA) with the highest level of corporate governance among 25 emerging...