theory and evidence from Chinese A and B shares

Theory and Evidence From Chinese A and B Shares

We argue that one reason for the large price discount of B shares is because foreign investors have less information on Chinese stocks than domestic investors.

Theory and Evidence from Chinese a and B Shares

We argue that one reason for the large price discount of B shares is because foreign investors have less information on Chinese stocks than domestic investors.

Theory and Evidence from Chinese a and B Shares

In the Chinese stock markets, foreign class B shares trade at an average discount of about 60 percent to the prices at which domestic A shares trade. We develop ...

Information asymmetry, market segmentation and the pricing of ...

We argue that one reason for the large price discount of B shares is because foreign investors have less information on Chinese stocks than domestic investors.

theory and evidence from Chinese A and B shares - EconBiz

In contrast to most other countries, Chinese foreign class B shares trade at an average discount of about 60 percent to the prices at which domestic A ...

Information asymmetry, market segmentation and the pricing of ...

We argue that one reason for the large price discount of B shares is because foreign investors have less information on Chinese stocks than domestic investors.

Chinese A and B Shares | SpringerLink

A and B shares exist in the Chinese stock markets. A shareholders are domestic investors and B shareholders are foreign investors. During the early-and ...

Speculative Trading and Stock Prices: Evidence from Chinese A-B ...

The market dynamics of technology stocks in the late 1990s have stim- ulated a growing body of theory that analyzes the joint effects of short-sales.

Evidence from Class A, B and H Shares of Chinese Listed Companies

According to efficient market theory, the required rate of return for any investment is positively related to the risk taken by the investors. The emerg ...

Evidence from Class A and H Shares of Chinese Dual-Listed ...

Specifically, unlike other countries, China's stock market provides substantial and persistent price discounts instead of a premium on B shares (the equivalent ...

Testing the Pecking-Order Theory: Evidence from Chinese Listed ...

market was opened to individual domestic citizens (Chien-Liang Chiu et al., 2005). In 2004, there were 86 companies issuing both A and B shares, and 24 ...

The Valuation Differential between Class A and B Shares

A-share and B-share investors are clearly different because the A-share ... and the Pricing of Cross-Listed Shares: Theory and Evidence from Chinese A and B.

ownership structure and price disequilibrium between a and b ...

the Pricing of Cross-listed Shares: Theory and Evidence from Chinese A and B Shares” Journal of International Financial Markets, Institutions and Money 8 ...

Bilateral Relationships between the Shanghai A-and B-shares Stock ...

In addition, there is evidence that the change in conditional correlations may be due to the opening of B-shares to Chinese citizens and has connection with ...

Speculative Trading and Stock Prices: Evidence from Chinese

This paper examines several implications of these theories using a unique data sample from a market with stringent short-sales constraints and perfectly ...

Herding behaviour of Chinese A- and B-share markets

Herding is prevalent on both A- and B-share markets. In detail, investors on A-share market herd for small and growth stock portfolios ...

Speculative Trading and Stock Prices: Evidence from Chinese A-B ...

This paper examines implications of these theories using a unique data sample from China, a market with stringent short-sales constraints and perfectly ...

The A-H Premium and Implications for Global Investing in Chinese ...

segmentation and the pricing of cross-listed shares: theory and evidence from Chinese. A and B shares, Journal of International Financial ...

The Real Value of China's Stock Market

provides both theory and evidence ... Mei, Jianping, Jose A Scheinkman, and Wei Xiong, 2009, Speculative trading and stock prices: Evidence from Chinese AB share ...

Investor Sentiment, Idiosyncratic Risk, and Stock Price Premium

Information asymmetry, market segmentation and the pricing of cross-listed shares: Theory and evidence from Chinese A and B shares. Journal ...