Showing 191 - 200 of 325
This paper establishes a causal relationship between the quality of an institutional environment and the stated types of entrepreneurial activities in China. An event study on the influence of Forbes magazine's list of China's billionaires (the list) on the associated share prices is conducted....
Persistent link: https://www.econbiz.de/10013015853
Persistent link: https://www.econbiz.de/10012951053
This paper investigates whether government policy can speed up the tipping process in the creation of benchmark bonds. The authors (Remolona and Yetman) examine four emerging market economies in Asia where authorities have actively fostered benchmark bonds – Indonesia, Malaysia, the...
Persistent link: https://www.econbiz.de/10012870089
This paper develops a new market sentiment index for the Hong Kong stock market, one of the largest stock market in the world. The components of the sentiment measure include the turnover ratio, short-selling volume, money flow, HIBOR and return of the U.S. and Japanese markets. We also include...
Persistent link: https://www.econbiz.de/10013019247
This paper examines the possible determinants for the sources of variation in ASEAN stock returns across financial crises. Using a comprehensive data of 4043 firms from six ASEAN countries and 40 industries, we find that lagged country return and concentration are among the determinants...
Persistent link: https://www.econbiz.de/10013019249
Tse and Chan (2003) investigated the relationship between property sales price and value of commuting time. However, property sales price is subject to the inherent limitation that it includes speculative elements. A better measure to be used for such study should be the rent paid by the genuine...
Persistent link: https://www.econbiz.de/10013019250
This paper examines the causes of herd behavior in the Chinese stock market. Using the non-linear model of Chang, Cheng and Khorana (2000), we find robust evidence of herding in both the up and down markets. We contribute to the existing literature by exploring the underlying reasons for herding...
Persistent link: https://www.econbiz.de/10012984585
Groenewold et al. (2004) documented that the Chinese stock market is inefficient. In this paper, we revisit the efficiency problem of the Chinese stock market using time-series model based trading rules. Our paper distinguishes itself from previous studies in several aspects. First, while...
Persistent link: https://www.econbiz.de/10010875330