LEADER 05394nam 22006134a 450 001 9910782286203321 005 20230617040709.0 010 $a1-281-93597-2 010 $a9786611935979 010 $a981-279-562-6 035 $a(CKB)1000000000537868 035 $a(DLC)2002033184 035 $a(StDuBDS)AH24685202 035 $a(SSID)ssj0000121562 035 $a(PQKBManifestationID)11138562 035 $a(PQKBTitleCode)TC0000121562 035 $a(PQKBWorkID)10110486 035 $a(PQKB)10486419 035 $a(MiAaPQ)EBC1681205 035 $a(WSP)00004602 035 $a(Au-PeEL)EBL1681205 035 $a(CaPaEBR)ebr10255522 035 $a(CaONFJC)MIL193597 035 $a(OCoLC)879025056 035 $a(EXLCZ)991000000000537868 100 $a20021003d2003 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aChinese stock markets$b[electronic resource] $ea research handbook /$fDongwei Su 210 $aRiver Edge, NJ $cWorld Scientific Pub.$d2003 215 $a1 online resource (xvi, 435 p. ) $cill 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a981-02-4512-2 320 $aIncludes bibliographical references (p. 415-423) and index. 327 $ach. 1. Development of Chinese stock markets. 1.1. Introduction. 1.2. Setting the scene: Shanghai and Shenzhen in the early reform period. 1.3. The establishment of secondary markets. 1.4. The participation of international investors. 1.5. The role of mutual funds and other institutional investors. 1.6. After the Fifteenth National Congress: increasing reversal to capitalism. 1.7. Problems and dilemmas -- ch. 2. Structural and institutional characteristics. 2.1. Introduction. 2.2. Regulatory framework. 2.3. Ownership structure. 2.4. Listing standards and procedures. 2.5. Market microstructure -- ch. 3. Risk, return and regulation in Chinese stock markets. 3.1. Introduction. 3.2. Stock-market return and volatility pattern. 3.3. Day of the week effect. 3.4. Market efficiency hypothesis. 3.5. GARCH models. 3.6 Estimation and empirical results. 3.7. Government regulation and market volatility. 3.8. Volatility asymmetry and spill-over. 3.9 Summary -- ch. 4. Ownership restrictions and foreign shares discount. 4.1. Introduction. 4.2. Ownership restrictions in Chinese stock markets. 4.3. A price discrimination model. 4.4. An intertemporal capital asset pricing model. 4.5. Testable implications from the models. 4.6. Empirical results. 4.7. Summary -- ch. 5. Excess volatility in domestic share markets. 5.1. Introduction. 5.2. A modified mixture of distribution approach. 5.3. Estimation: generalized method of moments. 5.4. Data adjustments. 5.5. Empirical results. 5.6. Cross-sectional analysis. 5.7. Time-series analysis. 5.8. Summary -- ch. 6. The underpricing of initial public offerings. 6.1. Introduction. 6.2. The new-issue and offering process. 6.3. The role of financial variables in the pricing of IPOs. 6.4. The adverse-selection models. 6.5. The signaling models. 6.6. Bribery and lottery hypotheses of IPO underpricing. 6.7. Underpricing of foreign-share IPOs. 6.8. Long-run performance of IPOs. 6.9. Summary -- ch. 7. Corporate governance and post-IPO financing. 7.1. Shareholders' behavior and corporate governance. 7.2. Political costs and agency costs of equity financing. 7.3. Choices of post-IPO financing. 7.4. The information content of different financing choices. 7.5. Institutional transformation to improve corporate governance. 7.6. Summary -- ch. 8. Accounting information and stock performance. 8.1. Introduction. 8.2. Roles of financial disclosure for performance evaluation. 8.3. Corporate disclosures made by listed Chinese companies. 8.4. Stock returns around earnings releases. 8.5. Why domestic investors over-react to earnings release? -- ch. 9. Internationalization of Chinese stock markets. 9.1. Foreign Investment in Domestic B-share market. 9.2. Overseas listing of Chinese stocks. 9.3. Concerns that emerged. 9.4. China moving toward world capital market: strategic issues and options. 9.5. Liberalization of capital movements. 330 $aThe exponential growth of China's stock markets in the past decade has attracted global attention from academics and practitioners. The practitioner's interest in Chinese markets stems from corporations; investors and financial institutions foresee substantial benefits from investing in China in the long run. However, the academic literature on the development of securities markets and reform of state enterprises in China is still in its infancy and fragmented. This handbook aims to bridge that gap by presenting a wide spectrum of research in the forefront of financial applications. It integrates theory and practice with state-of-the-art statistical techniques and provides numerous insights into the main challenges confronting Chinese markets in the new millennium. 606 $aStock exchanges$zChina 606 $aStocks$zChina 606 $aSecurities$zChina 615 0$aStock exchanges 615 0$aStocks 615 0$aSecurities 676 $a332.64/251 700 $aSu$b Dongwei$01563196 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910782286203321 996 $aChinese stock markets$93831393 997 $aUNINA