Internet technology has transformed the nature of business-to-consumer transaction-making practices in many industries. One of the significant impacts has occurred with respect to the transparency of markets for end-consumers. Market transparency is defined as the level of availability and accessibility of information about products and prices. We show how firms can leverage different ways to r...

As a platform to facilitate information sharing, business-to-business (B2B) electronic markets allow buyers and sellers to conduct transactions in a digital environment with greater information transparency. Vertical information transparency about demand has been shown to be beneficial to supply chain management. Thus, information technology (EDI, B2B e-markets) is believed to offer great benef...

Using China’s stock market as the testing venue, this study examines how corporate transparency helps explain the sensitivity of stock prices to general investor sentiment. We find that firms with low corporate transparency, measured by a battery of proxies including state ownership, the prevalence of related party transactions, accrual-based earnings management, audit opinions, and the quality...