Lee, Yen-Sheng; Tseng, Yi-Heng - In: Economic review : journal of economics & business 19 (2021) 2, pp. 3-14
This study examines the price movement relationship for Chinese firms that cross-list their shares on the Hong Kong Stock Exchange and the Shanghai Stock Exchange or Shenzhen Stock Exchange in mainland China. We estimate the coefficients of adjustment speed between the two markets by conducting...