Meng, Yan; Xiong, Lingyun; Xiao, Lijuan; Bai, Min - In: Financial innovation : FIN 9 (2023) 1, pp. 1-32
Using a recent stock market liberalization reform policy in China-the Stock Connect-as a quasi-natural experiment, this study examines the effect of stock market liberalization on market efficiency. Employing a dataset of 17,086 Chinese listed firms covering 2009 to 2018, we find that stock...
