Geographic Proximity and Information Efficiency of Capital Market: Evidence from China
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DOI: 10.1080/1540496x.2021.1971072
Abstract: ABSTRACT This paper utilizes the launch of China’s high-speed railway (HSR) as an exogenous policy shock to identify the causality between geographic proximity and the information efficiency of capital markets. Since the HSR shortens geographic… read more here.
Keywords: efficiency capital; proximity; information efficiency; information ... See more keywords