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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
218
The Efficiency of China’s Stock Market
Panel C of Table 8.2 reports t-tests on the CARs in intervals around the
announcement of bonus approvals. The t-values for the interval of 20 days before
the event date for the small-bonus sample are below -1.96, which suggests that
investors are pessimistic in their anticipation of the small-bonus approvals. The t-
values for the intervals of 5 and 10 days after the event date for the middle-bonus
sample are below -1.95 or -2.58, which indicates that investment in the middle-
bonus stocks gains significantly negative returns after the announcement dat ...
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Publisher Resources

ISBN: 9781351146913