This study has extensively tested the random walk hypothesis, the anomalies of
seasonalities and the reaction of stock returns (in other world, stock prices) to the
announcements of publication information regarding zero dividends, cash
dividends, bonus and rights issues. Empirical results indicate that China’s Stock
Market is neither semi-strong nor weak form efficient. This chapter provides a
general summary drawing together the key findings of the study. Furthermore, this
chapter suggests possible causes of the inefficiency and offers some possible
measures for improving ...
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