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Purpose – The purpose of this paper is to examine the changes in B-share discounts across 76 Chinese stocks around an important regulatory event to understand the importance of political risk in pricing stocks in emerging markets. Design/methodology/approach – On February 19, 2001, the...
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Purpose – The purpose of this paper is to examine the changes in B ‐share discounts across 76 Chinese stocks around an important regulatory event to understand the importance of political risk in pricing stocks in emerging markets. Design/methodology/approach – On February 19, 2001, the...
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