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Book The Efficiency of China s Stock Market

Download or read book The Efficiency of China s Stock Market written by Shiguang Ma and published by Routledge. This book was released on 2017-11-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: By investigating the efficiency of China's stock market in accordance with the theoretical framework of the Efficient Market Hypothesis, this book focuses on weak form and semi-strong form market efficiency. Empirical tests have been intensively conducted on the random walk hypothesis, the presence of market seasonality and the price reaction to publicly released information. In addition The Efficiency of China's Stock Market provides a comparative analysis between China's stock market and other countries' stock markets.

Book The Chinese Stock Market

Download or read book The Chinese Stock Market written by Nicolaas Groenewold and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . this book succeeds in its mission of analysing the efficiency, predictability and profitability of the Chinese stock market. It is strongly recommended to scholars. It is additionally recommended to practitioners involved in the market, sharing its prosperity and avoiding the possible risk. This book is also recommended to the students who want to learn the systematic application of econometric modelling to market efficiency analysis.' - Shiguang Ma, Economic Record The emergence of a stock market in China only occurred a decade ago and it remains something of an unknown quantity to many observers and traders outside of the country. This book provides an extensive historical and empirical analysis of the Chinese stock-market, the development of which is an integral part of the process of economic modernization that began in China in the late 1970s.

Book An Empirical Investigation of Weak form Efficiency in the Chinese Stock Market

Download or read book An Empirical Investigation of Weak form Efficiency in the Chinese Stock Market written by Dongshi Xu and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book An Investigation of Weak form Efficiency in the Chinese Stock Market

Download or read book An Investigation of Weak form Efficiency in the Chinese Stock Market written by Meng Meng Chen and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Weak form Efficiency of Chinese Stock Markets

Download or read book The Weak form Efficiency of Chinese Stock Markets written by Wai Liu and published by . This book was released on 2011 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated by the unique characteristics of the Chinese stock markets and the defects of previous investigations on the efficiency of the Chinese stock markets, this paper re-examines the weak-form efficiency of the SHSE and SZSE after opening the B-share market to Chinese local investors. Applying four types of random walk test to the thin trading adjusted daily return series over the perios from 1995 to 2009, the present study finds that both the SHSE and SZSE are not weak-form effecient markets, even after correcting the thin trading problem. This is the case simply because the random walk is absent from both stock markets. The efficiency of both stock markets has, however, been improved dramatically by the CSRC's decision to allow Chinese local investors to engage in the B-share markets -- Abstract.

Book The Efficient Market Hypothesis

Download or read book The Efficient Market Hypothesis written by Noraini Mohd Ariffin and published by . This book was released on 1995 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Test of weak form stock market efficiency in China

Download or read book Test of weak form stock market efficiency in China written by Pulati Yuseyin and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Weak Form Efficiency and Causality Tests in Chinese Stock Markets

Download or read book Weak Form Efficiency and Causality Tests in Chinese Stock Markets written by Martin Miles Laurence and published by . This book was released on 2016 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has two major stock exchanges, the Shanghai and the Shenzen exchanges. Each of these exchanges trades two types of shares, type “A” and type “B” shares. Type “A” shares are available to domestic investors only and type “B” shares are available to foreign investors. This article tests for the weak-form efficiency in these markets and explores the statistical relationships and causality among these Chinese stock markets with each other and with the U.S. and Hong Kong stock markets. The results indicate the existence of (1) a weak-form efficiency in the market for “A” shares but not “B” shares, (2) statistically weak linkages between the Chinese markets, (3) a weak causal effect from the Hong Kong to the four Chinese markets, and (4) a strong causal effect from U.S. stock mark to all four Chinese stock markets and the Hong Kong Stock market, particularly during the second period of the sample. These results support the assertion that the Chinese stock markets are becoming more integrated to the global economy.

Book Efficiency and Anomalies in Stock Markets

Download or read book Efficiency and Anomalies in Stock Markets written by Wing-Keung Wong and published by Mdpi AG. This book was released on 2022-02-17 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.

Book Tests of Random Walk Hypothesis Evidence from China

Download or read book Tests of Random Walk Hypothesis Evidence from China written by Maximiliane Brecht and published by GRIN Verlag. This book was released on 2015-08-27 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1.0, , course: Research Methodology and Dissertation, language: English, abstract: Until the 1970s empirical studies generally supported the prediction following from weak-form efficiency: prices cannot be predicted using past prices, and returns are serially uncorrelated. However inter alia Shiller, Fischer, and Friedman (1984) refuted the conclusion of economic insignificance in the case of negligible autocorrelations by modeling return processes with irrational bubbles where short-horizon returns are not significantly autocorrelated. Empirically, studies such as Lo and MacKinlay (1988) reject the random walk hypothesis (RWH) for US stocks using the more powerful variance ratio (VR) test. Similarly, RWH has also been tested for other markets with varying results. This report aims to examine the Chinese stock market as it stands out insofar that it is segmented by investor type 3 that face identical conditions otherwise. It also allows to observe consequences of loosening capital controls in terms of return-predictability. Empirical evidence so far has produced mixed results: for instance Long, Payne, and Feng (1999) do not find significant autocorrelation using a 100-week sample. On the other hand, Su and Fleisher (1999) reject the RWH when using daily data and for the market for foreign investors when using weekly data. Similarly, Darrat and Zhong (2000) find positive autocorrelation in the composite index using weekly data. Using daily data until 2000, the RWH is rejected again only for the market for foreigners, but not for locals. This work will build on empirical studies such as Long, Payne, and Feng (1999), concentrate on the VR test, and include observations following a policy reform in 2011 to test inter alia the hypothesis whether the market for foreigners became more efficient.

Book The Shanghai Stock Market

Download or read book The Shanghai Stock Market written by Jung-Lieh Hsiao and published by . This book was released on 1996 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis MSEA 2022

Download or read book Proceedings of the 2022 International Conference on Mathematical Statistics and Economic Analysis MSEA 2022 written by Gaikar Vilas Bhau and published by Springer Nature. This book was released on 2022-12-22 with total page 1514 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. 2022 International Conference on Mathematical Statistics and Economic Analysis(MSEA 2022) will be held in Dalian, China from May 27 to 29, 2022. Based on probability theory, mathematical statistics studies the statistical regularity of a large number of random phenomena, and infers and forecasts the whole. Economic development is very important to people's life and the country. Through data statistics and analysis, we can quickly understand the law of economic development. This conference combines mathematical statistics and economic analysis for the first time to explore the relationship between them, so as to provide a platform for experts and scholars in the field of mathematical statistics and economic analysis to exchange and discuss.

Book Weak form Efficiency in the Chinese Stock Markets

Download or read book Weak form Efficiency in the Chinese Stock Markets written by James Joseph Chin and published by . This book was released on 1994 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: