Skip to Main Content
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
160 The Efficiency o f China’s Stock Market
holidays and comparatively low returns after the market opens, even testified in
trading time, are evidence in favour of the closed-market hypothesis.
As discussed in the section of day-of-the-week effects, under the influence of
the settlement procedure, a holiday will postpone receiving cash from selling
shares on the days before market closure. Since shareholders are unwilling to sell
shares, the prices on trading days before market closure should grow by an interest
factor according to the duration of the market closure. Because the A-shares
market in China is operated ...
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.
Start your free trial

You might also like

Understanding China’s Economic Indicators: Translating the Data into Investment Opportunities

Understanding China’s Economic Indicators: Translating the Data into Investment Opportunities

Thomas Orlik

Publisher Resources

ISBN: 9781351146913