Tunneling and Monitoring in Chinese Share Market
نویسندگان
چکیده
منابع مشابه
The Market Efficiency of the Chinese A - B - share Market by
Although two classes of shares on the same Chinese companies differ only in that the A-share class trade in Yuan and the B-share class in dollars, the B-shares have traded at a significant and persistent discounts to the A-shares since inception of the B-share market in the early 1990s. The persistence of the discount has been a puzzle. We find that liquidity differences between the less liquid...
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ژورنال
عنوان ژورنال: Research in World Economy
سال: 2013
ISSN: 1923-399X,1923-3981
DOI: 10.5430/rwe.v4n2p28