The Theoretical and Empirical Perspectives of Efficient Stock Market63
announcements of zero dividend, cash dividend, bonus and rights for China’s
A-shares and B-shares. Evidences show that Chinese share traders have varied
preference in response to the different information. Underreaction and overreaction
denominate the stock market, which illustrates that China’s Stock Market is not a
semi-strong efficient market. Su (2003) stated that Chinese domestic A-shares
investors cannot correctly predict earnings change and fail to adjust new earnings
information quickly. In contrast, international B-shares investors can and anticipate ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.