Showing 1 - 10 of 2,656
A stock exchange and the presence of functioning equity markets are part and parcel of an advanced market-based financial system. Previous research has also established that equity markets function more efficiently in the presence of supporting institutions such as property rights and rule of...
Persistent link: https://www.econbiz.de/10010490506
Persistent link: https://www.econbiz.de/10011404780
We show that the probability of information-based trade (PIN) played a significant role in explaining monthly returns on Shanghai A shares over the period 2001 to 2006. In particular, PIN, as approximated by order imbalance as a proportion of total transactions, appears to explain returns even...
Persistent link: https://www.econbiz.de/10010322804
This paper empirically models China’s stock prices using conventional fundamentals: corporate earnings, risk … results show that China’s equity prices can be reasonable well modelled using fundamentals, but that various booms and busts …
Persistent link: https://www.econbiz.de/10011605236
The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...
Persistent link: https://www.econbiz.de/10009471788
Persistent link: https://www.econbiz.de/10000146471
Persistent link: https://www.econbiz.de/10003636037
Persistent link: https://www.econbiz.de/10003731694
Persistent link: https://www.econbiz.de/10003757401
Persistent link: https://www.econbiz.de/10003759074