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
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.