Is Stock Price Rounded for Economic Reasons in the Chinese Market
This paper investigates whether trading and quoting prices are rounded for both economic and cultural reasons on the Shanghai and Shenzhen Stock Exchanges in China. We find that the close, bid, and ask prices of domestic shares are rounded to the nearest 10s and 5s for economic reasons, and the last...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/827 https://ink.library.smu.edu.sg/context/lkcsb_research/article/1826/viewcontent/Stock_price_rounded_Chinese_2006_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |