Float liquidity speculation and stock prices evidence from the share structure reform in china
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Float, Liquidity, Speculation, and Stock Prices: Evidence from the Share Structure Reform in China Comments by Chao Chen Contributions A timely hot issue in China Up to date dataset Hand collecting dataset Innovative methodology

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Float liquidity speculation and stock prices evidence from the share structure reform in china l.jpg

Float, Liquidity, Speculation, and Stock Prices: Evidence from the Share Structure Reform in China

Comments by

Chao Chen


Contributions l.jpg
Contributions from the Share Structure Reform in China

  • A timely hot issue in China

  • Up to date dataset

  • Hand collecting dataset

  • Innovative methodology

  • Investigate the impact of A-share market reform on B-share market.


Alternative stories l.jpg
Alternative Stories from the Share Structure Reform in China

  • Final sample: 309 firms out of 509 firms that have started the share restructured program by June 2006

  • In addition to paying bonus shares to tradable shareholders, you may need to discuss different options used by other sample firms.


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Further Research from the Share Structure Reform in China

Is the speculative premium related to size premium or book-to-market premium?

Does the structure of controlling ownership affect the premium?

The role of institutional investors during the negotiation process

The matching sample bias may be a concern.

Don’t ignore Chinese literature.


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