Price reform is an important item in the reform of the Chinese economic system. The changes in the relations between interests brought about by the reform touch almost every corner of economic life. Therefore, we need to conduct a penetrating analysis of an entire series of problems involved in...

This study aims to provide an in-depth understanding of the BRICs’ ADR markets with respect to their linkages with the corresponding economic fundamentals. Specifically, the paper attempts to explore the (a) long run relationship and (b) short run lead-lag relationship between the ADR market...

This study investigates the Chinese Lunar New Year (CLNY) holiday effect in major Asian stock markets. These are China, Hong Kong, Japan, Malaysia, South Korea and Taiwan. For robustness test, India is also examined in this paper. Daily stock index returns for each market are analysed for the...