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Corporate strategic deviance and stock price volatility: from the perspective of information asymmetry

Author

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  • Yi Chi
  • Yang Yang
  • Dong Lu
  • Yuejiao Bao

Abstract

This study investigates the effect of corporate strategic deviance on stock price volatility based on the perspective of information asymmetry. We find that corporate strategy deviance significantly increases stock price volatility, and information asymmetry is the leading cause of this increasing effect. Furthermore, analyst coverage has played a role in alleviating information asymmetry which reduces the positive effect of strategic deviance on stock price volatility.

Suggested Citation

  • Yi Chi & Yang Yang & Dong Lu & Yuejiao Bao, 2023. "Corporate strategic deviance and stock price volatility: from the perspective of information asymmetry," Applied Economics Letters, Taylor & Francis Journals, vol. 30(14), pages 1973-1977, August.
    • Handle: RePEc:taf:apeclt:v:30:y:2023:i:14:p:1973-1977
    DOI: 10.1080/13504851.2022.2094873
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