Fung, Hung-Gay; Lee, Wai; Leung, Wai Kin - In: Journal of Financial Research 23 (2000) 2, pp. 179-95
In this study we use the latent variable asset pricing model to examine the pricing of A and B shares in the China stock markets. The hypothesis tested is whether markets for the A and the B shares of the same companies are segmented. We document only one latent variable in both A and B share...
