The Efficiency of China's Stock Market

by Shiguang Ma

Overview

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.

Product Details

ISBN-13:	9780815397700
Publisher:	Taylor & Francis
Publication date:	11/29/2017
Pages:	302
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Shiguag Ma

Table of Contents

Contents; Introduction; The emergence, development and perspective of China's stock market; The theoretical and empirical perspectives of efficient stock market; Statistical expression and design of tests; Weak form efficient or not? tests of random walk hypothesis; Seasonally anomalous or not? tests of seasonalities; Semi-strong form efficient or not? tests on the announcements of zero and cash dividends; Semi-strong form efficient or not? tests on the announcements of bonus and rights issues; Conclusion; Summary of the study; Policy implications; Appendix; Bibliography; Index.