The impact of the Asian financial crisis 1997 on the Hang Seng index constituents stocks, in terms of companies' earnings yield, P/E ratio and market-to-book ratio.

by Fong Yuet-Ming, Lau Mei-Po.Thesis (M.B.A.)--Chinese University of Hong Kong, 1999.Includes bibliographical references (leaves 43-46).ABSTRACT --- p.iiTABLE OF CONTENTS --- p.iiiLIST OF TABLES --- p.vChapterChapter I. --- INTRODUCTION --- p.1Chapter II. --- LITERATURE REVIEW --- p.3Roots of Asian Financial Crisis --- p.4Contagion Phenomenon --- p.10Fixed Exchange Rate Regime --- p.10Sterilized and Non-sterilized Foreign Exchange Rate --- p.12"Case Study of Fixed Exchange Rate Collapse: Mexico Peso Crisis,1982" --- p.13Crisis Theories --- p.14Chapter III. --- METHODOLOGY --- p.16CAPM Analysis --- p.17T-tests --- p.18Regression Analysis --- p.19Chapter IV. --- EMPIRICAL ANALYSIS --- p.20Category Level --- p.20Individual Stock Level --- p.24P/E Ratio Analysis --- p.24Share Price Analysis --- p.26Market-to-book Ratio Analysis --- p.29Cumulative Residual Analysis & Regression Residual Against Time --- p.31Chapter V. --- CONCLUSIONS & IMPLICATIONS FROM STUDY --- p.39Conclusions --- p.39Implications from Study --- p.41BIBLIOGRAPHY --- p.43APPENDIXGraphs of Cumulative Residuals against Time of the Hang Seng Index Constituents Stock