The Efficiency of China's Stock Market

ISBN-13: 9780815397700 / Angielski / Twarda / 2017 / 302 str.

Shiguang Ma

Opis

By investigating the efficiency of China's stock market in accordance with the theoretical framework of the Efficient Market Hypothesis, this book focuses on weak form and semi-strong form market efficiency

Spis treści

Contents; Introduction; The emergence, development and perspective of China's stock market; The theoretical and empirical perspectives of efficient stock market; Statistical expression and design of tests; Weak form efficient or not? tests of random walk hypothesis; Seasonally anomalous or not? tests of seasonalities; Semi-strong form efficient or not? tests on the announcements of zero and cash dividends; Semi-strong form efficient or not? tests on the announcements of bonus and rights issues; Conclusion; Summary of the study; Policy implications; Appendix; Bibliography; Index.