Add to ORKGTwo classes of shares exist in China\u27s equity markets: A-shares, which are inaccessible to foreigners and quoted in the domestic currency, and B-shares, which can be traded only by foreign investors and are denominated in hard currencies. This dissertation explores the asset pricing patterns for these two classes of shares and the determinants of the price differentials between A-shares and B-shares of same companies. The study is based on the monthly data of 36 selected stocks with both share listings.^ The asset pricing analysis examines the influence of both international and domestic factors using the Fama/MacBeth two-pass procedure. A Chinese political risk factor, proxied by the idiosyncratic risk in the Hong Kong Hang Seng Inde...
This study builds on the paper by Arquette, Brown, and Burdekin (2008) and asks whether the factors ...
Firms listed on the Shanghai and Shenzhen Stock Exchanges can simultaneously issue two types of shar...
The emergence of the Chinese equity markets provides new opportunities for investors to participate...
Two classes of shares exist in China\u27s equity markets: A-shares, which are inaccessible to foreig...
This research paper seeks to examine and document key factors that might account for price different...
In this paper, we model the price differentials between A shares and H shares in the Chinese stock m...
This research paper seeks to examine and document key factors that might account for price different...
Abstract China's stock markets, with stringent short-sales constraints, dominance of inexperien...
With the development of financial market, many Chinese companies have taken the opportunity to go pu...
This paper studies the relative prices of dual-listed shares—i.e., equities from the same company th...
This study investigates the impact of market segmentation on the valuation, volatility and liquidity...
This study examines differences in the extent of predictability in the pricing of the two main class...
This study examines differences in the extent of predictability in the pricing of the two main class...
In China the shares open to foreign investors, B-Shares, have much lower prices relative to shares o...
This study examines differences in the extent of predictability in the pricing of the two main class...
This study builds on the paper by Arquette, Brown, and Burdekin (2008) and asks whether the factors ...
Firms listed on the Shanghai and Shenzhen Stock Exchanges can simultaneously issue two types of shar...
The emergence of the Chinese equity markets provides new opportunities for investors to participate...
Two classes of shares exist in China\u27s equity markets: A-shares, which are inaccessible to foreig...
This research paper seeks to examine and document key factors that might account for price different...
In this paper, we model the price differentials between A shares and H shares in the Chinese stock m...
This research paper seeks to examine and document key factors that might account for price different...
Abstract China's stock markets, with stringent short-sales constraints, dominance of inexperien...
With the development of financial market, many Chinese companies have taken the opportunity to go pu...
This paper studies the relative prices of dual-listed shares—i.e., equities from the same company th...
This study investigates the impact of market segmentation on the valuation, volatility and liquidity...
This study examines differences in the extent of predictability in the pricing of the two main class...
This study examines differences in the extent of predictability in the pricing of the two main class...
In China the shares open to foreign investors, B-Shares, have much lower prices relative to shares o...
This study examines differences in the extent of predictability in the pricing of the two main class...
This study builds on the paper by Arquette, Brown, and Burdekin (2008) and asks whether the factors ...
Firms listed on the Shanghai and Shenzhen Stock Exchanges can simultaneously issue two types of shar...
The emergence of the Chinese equity markets provides new opportunities for investors to participate...