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
176
Figure 7.2 Cumulative abnormal returns (CAR) for zero-dividend proposals
of A-shares in China’s Stock M arket
The Efficiency of China’s Stock Market
Semi-strong Form Efficient or Not? Tests o f Zero and Cash Dividends
177
Alternatively, the mean adjusted model highlights the deviation of the specific
stock return from its average return during the estimation window. Thus the CARs
in the mean adjusted model section do not show that the zero-dividend stocks
exhibit poor returns around the announcement date in comparison with
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