Sökning: "Dandan Xu"

Hittade 1 uppsats innehållade orden Dandan Xu.

  1. 1. Modeling Price Differentials between A Shares and H Shares on the Chinese Stock Market

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Manshu Li; Dandan Xu; [2008]
    Nyckelord :A-share price premium; Panel data analysis; QFII; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

    Sammanfattning : In this paper, we model the price differentials between A shares and H shares in the Chinese stock markets with both macroeconomic factors and firm specific factors, which successfully explain the A share price premium. Discounts of H-share prices relative to A-share prices are related to the contemporaneous movements of the H-share local market index relative to the A-share local market index, the spread of interest rates and inflation rates between Hong Kong and mainland China as well as firm size, liquidity and volatility of the stock. LÄS MER