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The Efficiency of China's Stock Market
book

The Efficiency of China's Stock Market

by Shiguang Ma
November 2017
Intermediate to advanced content levelIntermediate to advanced
302 pages
16h 35m
English
Routledge
Content preview from The Efficiency of China's Stock Market
86 The Efficiency o f China’s Stock Market
(4.5.12)
where s ( k t ) is the standard deviation of the ranks and calculated by
(4.5.13)
The event days of -1, 0, +1 will be examined by the rank test, respectively. All
of the tests in the event studies are conducted at the 5% or 1% significance level.
4.6 The data
The primary data used in this study are drawn from the database of the Newland
Securities Investment Consulting Company.5 Supplementary data was collected
from the Tianjin Northern International Investment and Trust Corporation,6 the
S h a n g h a i S to c k E x c h a n g e A n n u a l series, the S h a n g h a i
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Publisher Resources

ISBN: 9781351146913