Purpose of the study
• To examine the relationship between corporate governance mechanisms (firm-level transparency, product market competition, and financial
leverage) and stock price informativeness.
• To examine the relationship between externally generated transparency mechanisms (analyst following and press freedom) and stock price
informativeness.
• To examine the interaction effects of externally generated transparency mechanisms (analyst following and press freedom) and corporate
governance mechanisms (firm-level transparency, product market competition, and financial leverage) on stock price informativeness