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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
Semi-strong Form Efficient or Not? Tests o f Zero and Cash Dividends
181
Table 7.3 Results of the tests on the announcement o f zero-dividend approvals
for A-shares in China’s Stock M arket
Panel A: Cumulative abnormal returns (CAR)
Date
-20
Market
Unique A
-0.0048
adjusted m
ssociated
0.0029
lodel
Overall
-0.0031
Ma:
Unique A
-0.0046
rket model
ssociated
0.0036
l
Overall
-0.0028
Mean a
Unique A
0.0021
djusted m<
ssociated
0.0046
3del
Overall
0.0026
-18 -0.0098
-0.0151
-0.0110 -0.0076 -0.0146
-0.0091
0.0086 -0.0092
0.0046
-16 -0.0190
-0.0204
-0.0193 -0.0143 -0.0191
-0.0154
-0.0007
-0.0141
-0.0037
-14 -0.0187 -0.0190
-0.0187 - 0.0111 -0.0178 -0.0126 -0.0015
-0.0219
-0.0
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Publisher Resources

ISBN: 9781351146913