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Showing result 1 - 5 of 6 essays matching the above criteria.
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1. The behaviour of retail investors and price discovery in China
University essay from Göteborgs universitet/Företagsekonomiska institutionenAbstract : China has, in the last decades, seen tremendous economic growth. Retail investors characterize the equity market, and these retail investors, who have a substantial impact on the price discovery in the mainland stock markets of China, are not entirely rational in their financial behaviours. READ MORE
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2. Stock-Price-Based M&A Performance Evaluation of the A-H Dual-Listed Acquirers-- Based on China's A-Share Stock Market and Hong Kong Stock Market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Using the data from A-share market and H-share market during 2014 - 2017, this thesis mainly analyzes how stock returns of the acquirers changed before and after the M&A announcements and how the changes were linked to the selected impact factors, such as dual listing, payment method, controlling position or minor position, overseas or domestic, etc. The main method is to use event study method and CAPM to calculate the excess returns of the acquires during M&A event window, then do regression of the impact factors on excess returns. READ MORE
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3. Underpricing in China Stock Market: An Investigation of A and H Share
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Underpricing of initial public offerings is a very pervasive phenomenon in stock markets all over the world. A and H shares are common stocks with same voting and dividend rights issued by companies incorporate and operate in Mainland China. READ MORE
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4. Financial information relevance with stock return and return disparity study: case for China A-H dual-listed companies
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The relationship between stock return and company financials information as a key component of investment decision making has its highly practical implications for equity market investors. This paper narrows down the scope to examine how this relationship looks like for dual-listing companies in China s developing capital market, more specifically between return or return disparity and two price ratios, earnings to price and book value to price ratio. READ MORE
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5. Ownership restriction and stock price: Empirical study from Chinese stock market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Market segmentation and restrictions on investment options lead to different required return by different groups of investors and thus result in different pricing of shares that are for domestic investors only and shares that are available to foreign investors even when the two types of shares have same rights on dividends and control over the company. Normally the domestic-only shares trade at a discount compared to their corresponding shares available to foreigners however the A shares and H shares in the Chinese stock market shows an opposite pattern. READ MORE
