Copeland, Laurence S. (contributor); … - 2008
apparently excessive volatility. The unique structure of corporate governance and the
associated fact that many �rms have far … dataset.
The �nal two columns of Table 1B document the exceptional volatility of the Shanghai market,
with the standard …-to-market, turnover and volatility, and positively correlated with size
and spread.9 In particular, the correlation between PIN and …