Market Segmentation and Information Values of Earnings Announcements: Some Empirical Evidence from an Event Study on the Chinese Stock Market

• المؤلفون الرئيسيون: GAO, Y., TSE, Yiu Kuen
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2004
• الموضوعات: Earnings announcement; Event study; Market segmentation; Econometrics; Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/452; https://ink.library.smu.edu.sg/context/soe_research/article/1451/viewcontent/Market_segmentation_and_information_values_2004.pdf
• المؤسسة: Singapore Management University

This paper investigates the trading activities of two distinct classes of shareholders, namely, the Chinese domestic investors and the foreign investors in the segmented Chinese A- and B-share markets, respectively. We conduct an event study on the annual earnings announcements based on two differen...