How big is the speculative component in Australian share prices?
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چکیده
منابع مشابه
Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share Premia
In this paper we use data from China’s stock markets to analyze non-fundamental components in stock prices. During the period 1993-2000, several dozen Chinese firms offered two classes of shares: class A, which could only be held by domestic investors, and class B, which could only be traded by foreigners. Despite their identical rights, Ashare prices were on average 400% higher than the corres...
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ژورنال
عنوان ژورنال: Journal of Economics and Business
سال: 2003
ISSN: 0148-6195
DOI: 10.1016/s0148-6195(02)00135-2