| Autor: |
Gwen Hannah, Bruce Burton, J. Wang |
| Rok vydání: |
2004 |
| Předmět: |
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| Zdroj: |
Studies in Economics and Finance. 22:20-39 |
| ISSN: |
1086-7376 |
| DOI: |
10.1108/eb028778 |
| Popis: |
This study examines differences in the extent of predictability in the pricing of the two main classes of equity traded in China, namely: A shares (available to Chinese investors) and B shares (traditionally available only to non‐Chinese investors). The study extends previous work by conducting a wider range of analyses and extending the sample period until the relaxation of rules preventing domestic investors from purchasing B shares. The results suggest that earlier evidence of greater predictability in the pricing of B shares is not entirely robust to changes in the method of analysis, and may only partially explain why Chinese authorities have recently decided to widen participation in the B market. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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