Corporate value creation, stock price synchronicity and firm value in China: implications for beyond

• Published in: Journal of accounting in emerging economies Vol. 12; no. 3; pp. 566 - 588
• Main Authors: Zhang, Ruopiao, Chu, Teresa, Noronha, Carlos, Guan, Jieqi
• Format: Journal Article
• Language: English
• Published: Bingley Emerald Publishing Limited 09.05.2022; Emerald Group Publishing Limited
• Subjects: Annual reports; Asymmetry; Disclosure; Earnings per share; Emerging markets; Hypotheses; Investments; Investors; Noise; Social responsibility; Stock exchanges; Stock prices; Sustainability; Sustainability management; Sustainable development; Value creation; China; Emerging economies; SCVPS; Firm value; Corporate value creation; Stock price synchronicity

PurposeThis study introduces Social Contribution Value per Share (SCVPS), an indicator devised by the Shanghai Stock Exchange (SSE), as an easy-to-interpret Measurement of Corporate Social Performance (MCSP) to the international research arena. The authors first explore the informativeness role of v...