Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/78207
DC Field | Value | Language |
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dc.contributor | 金融系 | |
dc.creator | Liao, Szu-Lang;Tsai, Tsung-Ying | |
dc.creator | 廖四郎;蔡宗穎 | zh_TW |
dc.date | 2015 | |
dc.date.accessioned | 2015-09-02T09:05:29Z | - |
dc.date.available | 2015-09-02T09:05:29Z | - |
dc.date.issued | 2015-09-02T09:05:29Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/78207 | - |
dc.description.abstract | We construct a model based on market microstructure and examine the information transmission effect of equity prices in A-share and B-share markets in China. The data on foreign share discounts raise a question: How are asset prices determined if uninformed foreign traders obtain signals by observing public information? Our investigation on the measure of the information transmission effect presents a substantial segment of the cross-sectional variation in B-share discounts and finds that the information transmission effect plays a critical role in explaining how foreign share discounts become more contractive. | |
dc.format.extent | 192037 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation | Emerging Markets Finance & Trade, 2015 S1, 51, S73-S85 | |
dc.subject | asset pricing;information asymmetry;information transmission;market microstructure;stock market | |
dc.title | The Information Transmission Effect and Asset Prices: Evidence from the China B-Share Discount | |
dc.type | article | en |
dc.identifier.doi | 10.1080/1540496X.2014.998885 | |
dc.doi.uri | http://dx.doi.org/10.1080/1540496X.2014.998885 | |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.fulltext | With Fulltext | - |
item.grantfulltext | restricted | - |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
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S73-S85.pdf | 187.54 kB | Adobe PDF2 | View/Open |
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