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
228
The Efficiency o f China's Stock Market
rights proposal of China’s stock markets coincides with Smith’s (1986) conclusion,
in that the rights issues have ‘bad’ news content. In contrast, the high-ratio rights
proposals partially refute Smith’s (1986) claim, since the high-ratio rights
proposals do not depress the stock prices for the entire investigation period.
Panel B of Table 8.4 reports the results of the parametric and non-parametric
t-tests at the event date. It can be seen that the t-values at the event date +1 are
below -1.96 or -2.58 for each sample. Since the date +1 is an alternative
announcement ...
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