Check nearby libraries
Buy this book
"The market dynamics of technology stocks in the late nineties has stimulated a growing body of theories that analyze the joint effects of short-sales constraints and heterogeneous beliefs on stock prices and trading volume. This paper examines implications of these theories using a unique data sample from China, a market with stringent short-sales constraints and perfectly segmented dual-class shares. The identical rights of the dual-class shares allow us to control for stock fundamentals. We find that trading caused by investors' speculative motive can help explain a significant fraction of the price difference between the dual-class shares"--National Bureau of Economic Research web site.
Check nearby libraries
Buy this book
Subjects
Stocks, Prices, Speculation, Econometric modelsPlaces
ChinaShowing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1
Speculative trading and stock prices: evidence from Chinese A-B share premia
2005, National Bureau of Economic Research
in English
|
aaaa
Libraries near you:
WorldCat
|
2
Speculative trading and stock prices: evidence from Chinese A-B share premia
2005, National Bureau of Economic Research
Electronic resource
in English
|
zzzz
|
Book Details
Edition Notes
"May 2005."
Includes bibliographical references (p. 24-26).
Also available in PDF from the NBER world wide web site (www.nber.org).
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?December 13, 2020 | Edited by MARC Bot | import existing book |
February 14, 2010 | Edited by WorkBot | add more information to works |
December 10, 2009 | Created by WorkBot | add works page |