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DC Field | Value | |
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dc.title | Studies on China's segmented stock markets | |
dc.contributor.author | KONG JING | |
dc.date.accessioned | 2014-01-20T18:00:21Z | |
dc.date.available | 2014-01-20T18:00:21Z | |
dc.date.issued | 2007-02-12 | |
dc.identifier.citation | KONG JING (2007-02-12). Studies on China's segmented stock markets. ScholarBank@NUS Repository. | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/48914 | |
dc.description.abstract | This thesis studies two topics relatively unexplored on Chinaa??s segmented A and B-share markets. One topic is regarding reaction to regulatory changes and policy adjustments. I find some asymmetric market responses to certain categories of regulatory events in the segmented A and B-share markets and a stronger spillover effect of regulatory impacts from the A-share markets to the B-share markets. The overall results indicate that foreign B-share investors are more sensitive to the regulatory changes and have some information advantages. Another topic addresses the impacts of Chinaa??s domestic dual listings on valuation and liquidity. I uncover utterly different responses in the A and B-share markets. After dual listings on the B-share markets, the corresponding A-share prices decrease persistently while upon A-share dual listing announcements the corresponding B-share prices increase statistically significantly but transiently. Liquidity effects are also found to be different, negative for existing A-shares but positive for existing B-shares. | |
dc.language.iso | en | |
dc.subject | Market segmentation; Regulatory events; Dual listings | |
dc.type | Thesis | |
dc.contributor.department | ECONOMICS | |
dc.contributor.supervisor | LU DING | |
dc.description.degree | Ph.D | |
dc.description.degreeconferred | DOCTOR OF PHILOSOPHY | |
dc.identifier.isiut | NOT_IN_WOS | |
Appears in Collections: | Ph.D Theses (Open) |
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File | Description | Size | Format | Access Settings | Version | |
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Kong Jing PhD Economics Studies on Chinas segmented stock markets 2005.pdf | 1.12 MB | Adobe PDF | OPEN | None | View/Download |
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