Seminar: "Media coverage and stock price synchronicity"

Within the Seminar of Faculty of Finance’s Teaching and Research Team, on the morning of April 12, 2018, Dr. Dang Tung Lam had a seminar to present his new research and associates named "Media Coverage and Stock Price Synchronicity" to lecturers and students of Faculty of Finance.

Stock price synchronicity is an important indicator of stock market efficiency. Results from the study of Dr. Dang Tung Lam and et al., on a sample of companies listed in 40 countries, show that companies that receive high media attention have highly informative stock prices, and are therefore less likely to fluctuations in sync with the market. The study also shows that the media affects the stock price synchronously through two mechanisms: the information mechanism and the corporate governance mechanism. Finally, the results from the study show that the impact of media on stock price synchronization is stronger in countries with the weakness of institutional environment and financial information is not transparent.

The study by Dr. Dang Tung Lam and the research team provides more empirical evidence on the factors affecting stock price synchronization, and at the same time emphasizes the importance of the media in the financial market. The study has many important implications for investors, listed companies, and especially for policy makers and stock market regulators.

Attending the seminar were lecturers from the Faculty of Finance and the students of the Faculty of Finance

Thank you Dr. Dang Tung Lam and the research team, and wish the research team much success in the future.