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Dividend preference of tradable-share and non-tradeble-share holders in Mainland China
Cheng, Louis T. W.; Fung, Hung-gay; Leung, Tak Yan - In: Accounting and finance : journal of the Accounting … 49 (2009) 2, pp. 291-316
Persistent link: https://www.econbiz.de/10003859688
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Information effects of dividends : evidence from the Hong Kong market
Cheng, Louis T. W.; Fung, Hung-gay; Leung, Tak Yan - In: Review of quantitative finance and accounting 28 (2007) 1, pp. 23-54
Persistent link: https://www.econbiz.de/10003410806
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China's exchange traded fund : is there a trading place bias?
Cheng, Louis T. W.; Fung, Hung-gay; Tse, Yiuman - In: Review of Pacific Basin financial markets and policies 11 (2008) 1, pp. 61-74
Persistent link: https://www.econbiz.de/10003679976
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What drives the cash dividend policy of the poorly performing firms in Hong Kong?
Cheng, Louis T. W.; Fung, Hung-gay; Leung, Tak Yan - In: Review of Pacific Basin financial markets and policies 11 (2008) 3, pp. 347-361
Persistent link: https://www.econbiz.de/10003759256
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What Drives the Cash Dividend Policy of the Poorly Performing Firms in Hong Kong?
Cheng, Louis T. W.; Fung, Hung-Gay; Leung, T. Y. - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 03, pp. 347-361
We use financial data on poorly performing firms in Hong Kong to examine the motives behind paying out cash dividends when they suffer an earnings decline. We test three hypotheses behind the cash dividend policy: the maturity hypothesis, the free cash flow hypothesis, and the self-interest...
Persistent link: https://www.econbiz.de/10004977575
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China's Exchange Traded Fund: Is There a Trading Place Bias?
Cheng, Louis T. W.; Fung, Hung-Gay; Tse, Yiuman - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 01, pp. 61-74
We use Granger causality tests and an EGARCH model to analyze the pricing relations in the US between two exchange traded funds, the iShares FTSE/Xinhua China 25 Index (FXI) and the S&P 500 Index Fund (IVV). Daily data indicates that Hong Kong home market basically drives the FXI returns in the...
Persistent link: https://www.econbiz.de/10005050751
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Dividend preference of tradable-share and non-tradable-share holders in Mainland China
Cheng, Louis T. W.; Fung, Hung-Gay; Leung, Tak Yan - In: Accounting and Finance 49 (2009) 2, pp. 291-316
Comprehensive data on corporate announcements of Chinese firms allows us to examine the preference for, and determinants of, cash and stock dividends. The results indicate that Chinese public investors prefer stock dividends over cash dividends, which are preferred by large state and legal...
Persistent link: https://www.econbiz.de/10005023887
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What Drives the Cash Dividend Policy of the Poorly Performing Firms in Hong Kong?
Cheng, Louis T. W. - 2009
We use financial data on poorly performing firms in Hong Kong to examine the motives behind paying out cash dividends when they suffer an earnings decline. We test three hypotheses behind the cash dividend policy: The maturity hypothesis, the free cash flow hypothesis, and the self-interest...
Persistent link: https://www.econbiz.de/10013155457
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China's Exchange Traded Fund : Is There a Trading Place Bias?
Cheng, Louis T. W. - 2009
We use Granger causality tests and an EGARCH model to analyze the pricing relations in the US between two exchange traded funds, the iShares FTSE/Xinhua China 25 Index (FXI) and the S&P 500 Index Fund (IVV). Daily data indicates that Hong Kong home market basically drives the FXI returns in the...
Persistent link: https://www.econbiz.de/10013155665