Essays about: "Tian Rong Jiang"

Found 1 essay containing the words Tian Rong Jiang.

  1. 1. Ownership restriction and stock price: Empirical study from Chinese stock market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Xiaofang Li; Tian Rong Jiang; [2008]
    Keywords : A share; H share; Market Segmentation; Ownership restriction; Required return;

    Abstract : 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