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Unlocking stability: Corporate site visits and information disclosure

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Listed:
  • Liu, Zhou
  • Shi, Lina
  • Yang, Yaxian
  • Zhang, Shunming

Abstract

Corporate site visits provide investors with opportunities to obtain non-standard, tailored “soft” information about the firm. In this study, we investigate the impact of information disclosed from corporate site visits on stock market stability from the perspective of stock return volatility. Our findings suggest that it is the information disclosed rather than the visits themselves that significantly reduce stock return volatility, primarily by mitigating information asymmetry. Moreover, we observe that the volatility-mitigating effect of site visits is more pronounced when the visit information better aligns with investors’ concerns and when it is more effectively disseminated. Our study contributes to the literature by demonstrating that the timely disclosure of site visit details serves as a stabilizing mechanism for stock prices through effective information mining and dissemination.

Suggested Citation

  • Liu, Zhou & Shi, Lina & Yang, Yaxian & Zhang, Shunming, 2026. "Unlocking stability: Corporate site visits and information disclosure," Journal of Empirical Finance, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:empfin:v:87:y:2026:i:c:s0927539826000046
    DOI: 10.1016/j.jempfin.2026.101689
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    Keywords

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    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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