TY - JOUR
AU1 - Todea, Anita
AB - AbstractThis 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.
TI - Financial Literacy and Stock Price Informativeness: a Cross-Country Study
JF - Studia Universitatis Babe-Bolyai Oeconomica
DO - 10.2478/subboec-2018-0004
DA - 2018-04-01
UR - https://www.deepdyve.com/lp/de-gruyter/financial-literacy-and-stock-price-informativeness-a-cross-country-LRsPug68DW
SP - 63
EP - 72
VL - 63
IS - 1
DP - DeepDyve
ER -