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
194 The Efficiency o f China’s Stock Market
F ig u re 7.5 C u m u lativ e ab n o rm a l re tu rn s (C A R ) fo r cash div id e n d p ro p o sa ls
o f A -sh a res in C h in a ’s S to ck M a r k e t
unique-announcement stocks, which means that the future-associated-
announcement stock prices react to the announcement of cash dividend proposals
less negatively than the unique-announcement stock prices. Nevertheless, this
finding is inconsistent with Chen et al (2002) statement that cash dividends appear
to have no significant association with stock returns in China’s Stock Market.
Semi-strong Form Efficient or Not? Tests ...
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