Book description
By investigating the efficiency of China's stock market in accordance with the theoretical framework of the Efficient Market Hypothesis, this book focuses on weak form and semi-strong form market efficiency
Table of contents
- Cover
- Half Title
- Title
- Copyright
- Contents
- List of Figures
- List of Tables
- List of Abbreviations
- Preface
- Dedication
- 1 Introduction
-
2 The Emergence, Development and Perspective of China's Stock Market
- 2.1 Introduction
- 2.2 Emergence of China's Stock Market
- 2.3 Development of China's Stock Market
- 2.4 Structure of China's stocks
- 2.5 Sectoral categories and provincial distribution of the shares (1/2)
- 2.5 Sectoral categories and provincial distribution of the shares (2/2)
- 2.6 Institutional framework and market regulations
- 2.7 Market performance
- 2.8 Prospects for China's Stock Market
- 2.9 Conclusion
-
3 The Theoretical and Empirical Perspectives of Efficient Stock Market
- 3.1 Introduction
- 3.2 Informational efficiency
- 3.3 Efficient market hypothesis (1/2)
- 3.3 Efficient market hypothesis (2/2)
- 3.4 Historical evidences on the weak form of market efficiency
- 3.5 Historical evidences on seasonal effects
- 3.6 Historical evidences on the semi-strong form of market efficiency
- 3.7 Historical evidences on the strong form of market efficiency
- 3.8 Conclusion
- 4 Statistical Expression and Design of Tests
-
5 Weak Form Efficient or Not? Tests of Random Walk Hypothesis
- 5.1 Introduction
- 5.2 Tests of serial correlation coefficients (1/3)
- 5.2 Tests of serial correlation coefficients (2/3)
- 5.2 Tests of serial correlation coefficients (3/3)
- 5.3 Runs tests (1/2)
- 5.3 Runs tests (2/2)
- 5.4 Variance ratio tests (1/3)
- 5.4 Variance ratio tests (2/3)
- 5.4 Variance ratio tests (3/3)
- 5.5 Conclusion
-
6 Seasonally Anomalous or Not? Tests of Seasonalities
- 6.1 Introduction
- 6.2 Day-of-the-week effect tests for the Shanghai and Shenzhen markets (1/3)
- 6.2 Day-of-the-week effect tests for the Shanghai and Shenzhen markets (2/3)
- 6.2 Day-of-the-week effect tests for the Shanghai and Shenzhen markets (3/3)
- 6.3 Month-of-the-year effect tests for the Shanghai and Shenzhen markets (1/3)
- 6.3 Month-of-the-year effect tests for the Shanghai and Shenzhen markets (2/3)
- 6.3 Month-of-the-year effect tests for the Shanghai and Shenzhen markets (3/3)
- 6.4 Holiday effect tests for the Shanghai and Shenzhen stock markets (1/2)
- 6.4 Holiday effect tests for the Shanghai and Shenzhen stock markets (2/2)
- 6.5 Conclusion
-
7 Semi-strong Form Efficient or Not? Tests on the Announcements of Zero and Cash Dividends
- 7.1 Introduction
- 7.2 Announcement process and assessment criteria of market efficiency
- 7.3 Reaction of returns to the announcement of zero-dividend issues (1/4)
- 7.3 Reaction of returns to the announcement of zero-dividend issues (2/4)
- 7.3 Reaction of returns to the announcement of zero-dividend issues (3/4)
- 7.3 Reaction of returns to the announcement of zero-dividend issues (4/4)
- 7.4 Reaction of returns to the announcement of cash dividend issues (1/4)
- 7.4 Reaction of returns to the announcement of cash dividend issues (2/4)
- 7.4 Reaction of returns to the announcement of cash dividend issues (3/4)
- 7.4 Reaction of returns to the announcement of cash dividend issues (4/4)
- 7.5 Conclusion
-
8 Semi-strong Form Efficient or Not? Tests on the Announcements of Bonus and Rights Issues
- 8.1 Introduction
- 8.2 Reaction of returns to the announcement of bonus issues (1/3)
- 8.2 Reaction of returns to the announcement of bonus issues (2/3)
- 8.2 Reaction of returns to the announcement of bonus issues (3/3)
- 8.3 Reaction of returns to the announcement of rights issues (1/3)
- 8.3 Reaction of returns to the announcement of rights issues (2/3)
- 8.3 Reaction of returns to the announcement of rights issues (3/3)
- 8.4 Conclusion
- 9 Conclusion
- Appendix (1/3)
- Appendix (2/3)
- Appendix (3/3)
- Bibliography (1/2)
- Bibliography (2/2)
- Index (1/3)
- Index (2/3)
- Index (3/3)
Product information
- Title: The Efficiency of China's Stock Market
- Author(s):
- Release date: November 2017
- Publisher(s): Routledge
- ISBN: 9781351146913
You might also like
book
Understanding China’s Economic Indicators: Translating the Data into Investment Opportunities
In Understanding China’s Economic Indicators, leading economist and Wall Street Journal columnist Thomas M. Orlik introduces …
book
The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities
Every day, stocks, bonds, and currencies bounce wildly in response to new economic indicators. Money managers …
book
The Financial Times Guide to Investing, 3rd Edition
'The most damaging half truth for savers is “performance matters more than expenses”. Read this book …
book
The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, Third Edition
For years, investors, business strategists, and policymakers worldwide have turned to one book to help them …