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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
186
The Efficiency o f China’s Stock Market
Table 7.4 Results of the tests on the announcement of zero-dividend approvals
for B-shares in China’s Stock M arket
Panel A: Cumulative abnormal returns (CAR)
Date
Market adjusted model
B-shares A-shares
Market model
B-shares A-shares
Mean adjusted model
B-shares A-shares
-20 0.0006 -0 .0 0 3 1 - 0.0001
-0.0028
0.0059 0 .0 0 2 6
-18 - 0.0111 - 0 .0 1 1 0
-0.0115 -0.0091
-0.0124
0 .0 0 4 6
-16 -0.0089 - 0 .0 1 9 3
-0.0059
-0.0154
-0.0276
- 0 .0 0 3 7
-14
-0.0089
- 0 .0 1 8 7
-0.0044
-0.0126 -0.0263
- 0 .0 0 6 1
-12 -0.0320 - 0 .0 2 2 9
-0.0221
-0.0141
-0.0743
- 0 .0 1 5 7
-10
-0.0151
- 0 .0 2 6 9 -0.0021 -0.0151
-0.0844
- 0 .
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Publisher Resources

ISBN: 9781351146913