| dc.contributor | 金融系 | |
| dc.creator (作者) | Liao, Szu-Lang;Tsai, Tsung-Ying | |
| dc.creator (作者) | 廖四郎;蔡宗穎 | zh_TW |
| dc.date (日期) | 2015 | |
| dc.date.accessioned | 2-Sep-2015 17:05:29 (UTC+8) | - |
| dc.date.available | 2-Sep-2015 17:05:29 (UTC+8) | - |
| dc.date.issued (上傳時間) | 2-Sep-2015 17:05:29 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/78207 | - |
| dc.description.abstract (摘要) | 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 (關聯) | Emerging Markets Finance & Trade, 2015 S1, 51, S73-S85 | |
| dc.subject (關鍵詞) | asset pricing;information asymmetry;information transmission;market microstructure;stock market | |
| dc.title (題名) | The Information Transmission Effect and Asset Prices: Evidence from the China B-Share Discount | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1080/1540496X.2014.998885 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1080/1540496X.2014.998885 | |
