Bondt, Gabe de; Peltonen, Tuomas; Santabarbara, Daniel - In: Applied Financial Economics 21 (2011) 5, pp. 287-300
This article empirically models China's stock prices using conventional fundamentals: corporate earnings, risk-free interest rate and a proxy for equity risk premium. It uses the estimated long-run stock price misalignments to date booms and busts, and analyses equity market reforms and excess...