Sources of liquidity commonality, asymmetric information and ownership structure in emerging markets : evidence from the Chinese stock market
Data(s) |
01/01/2008
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Resumo |
Xinwei Zheng examines if common factors of liquidity can be determined by ownership structure measured by asymmetric information in an emerging market that has adopted an order-driven trading system. Using China as a case for the study, I select a broad sample of stocks from two separate Chinese stock exchanges to measure and<br />analyse the relationship. My empirical evidence seems significant and pervasive. These findings about the Chinese stock market provide useful pointers for understanding commonality in emerging economies and shed critical light<br />on a new dimension of the working of emerging markets.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Virtus Interpress |
Relação |
http://dro.deakin.edu.au/eserv/DU:30024524/zheng-sourcesofliquidity-2008.pdf |
Tipo |
Journal Article |