Li, Zhuwei; Wang, Xiaoshan; Kang, Chenyang - In: Cogent economics & finance 10 (2022) 1, pp. 1-28
We construct a difference-in-differences simultaneous equation to study the long-term impact of price limit system on the comprehensive quality of the stock market. Moreover, we use event study method to further test short-term effect. Results show that after the setting of price limit system in...