This paper investigates the impact of ownership structure on the properties of analysts' forecasts in China's unique institutional environment. Although the China Securities Regulatory Commission (CSRC) has recently issued a series of polices on equity based incentive plan with the aim of...

This paper examines the estimation risk prospective of whether greater corporate disclosure results in smaller stock return volatilities (thus less risk premiums being claimed by outside investors) and a lower cost of equity capital in a low disclosure environment, namely that of the two Chinese...