Hung, Jui-Cheng - In: The Quarterly Review of Economics and Finance 49 (2009) 3, pp. 843-857
This study employs single and multiple variance ratio tests to reexamine the weak-form efficient market hypothesis (EMH) of A- and B-shares on the Shanghai and Shenzhen exchanges in Chinese stock market. The study also examines the influence of the release of investment restriction of B-share...