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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
non-parametric statistics suggests that the distribution of B-shares returns is
asymmetric in the period surrounding the announcement of zero-dividend
approvals.
Furthermore in Panel C of Table 7.4, none of the B-shares t-statistics on CARs
in intervals are statistically significant at conventional levels, except for the
intervals of 20 days after and 41 days around the announcement date in the mean
adjusted model section. These t-statistics coincide with the CARs in Panel A of
Table 7.4, which show that the cumulative abnormal returns are relatively small in
the market adjusted model and the market
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Publisher Resources

ISBN: 9781351146913