Harmonious stock prices
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 1-17 |
| Journal / Publication | Frontiers of Business Research in China |
| Volume | 8 |
| Issue number | 1 |
| Publication status | Published - Jan 2014 |
| Externally published | Yes |
Link(s)
Abstract
Stock price movements in China still remain highly harmonious, in spite of the many significant regulatory and structural changes over the recent years. A survey of the literature reveals that harmony in the stock price movements is related to a few salient features in China's capital market: high ownership concentration, high incidence of the use of pyramidal ownership structure, significant state ownership, and a lack of active institutional investors. In addition, we also point out that harmonious stock prices may generally result from low intensity of private information acquisitions by risk arbitrageurs. © 2014 by Koninklijke Brill NV, Leiden.
Research Area(s)
- firm-specific information, market efficiency, stock price synchronicity
Citation Format(s)
Harmonious stock prices. / Zhu, Kai; Yu, Wayne; Sun, Hong et al.
In: Frontiers of Business Research in China, Vol. 8, No. 1, 01.2014, p. 1-17.
In: Frontiers of Business Research in China, Vol. 8, No. 1, 01.2014, p. 1-17.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
