Hilliard, Jitka; Zhang, Haoran - In: Pacific-Basin Finance Journal 32 (2015) C, pp. 40-55
We examine the size and price-to-book effects in Chinese markets. We find strong evidence for the size effect but little evidence for the price-to-book effect. We further examine these effects in the context of the monetary policy of the People's Bank of China. We find that the size effect is...