The August 1998 Hong Kong government intervention in the stock market offers a natural experiment for studying the relation between a free float and market liquidity, where a free float is the portion of listed share capital that is freely traded on the market. Our findings show that, relative...

This paper examines the information content of domicile relocation announcements of Hong Kong listed companies. The results suggest that investors regard the disadvantages of domicile relocation as more significant than the advantages. There are statistically significant negative abnormal...

Using data for the Hong Kong stock market, where individual investors' sentiment is likely to be influential, this study finds that the publication of individual investors' sentiment temporarily affects stock prices regardless of the publication's incompetence in predicting stock returns....