Sökning: "Shuman Zhang"
Hittade 2 uppsatser innehållade orden Shuman Zhang.
1. Overconfidence and turnover - Evidence from the Hong Kong stock market
Master-uppsats, Lunds universitet/Nationalekonomiska institutionenSammanfattning : High trading volume is a common phenomenon in global financial markets, and it seems to go against the paradigm of classic economic theory based on rational agents and efficient markets. In this thesis, we turn to behavioral finance, as we try to explain this anomaly as a consequence of the so-called overconfidence bias. LÄS MER
2. Measuring Bond Market Liquidity: An empirical study of the Chinese inter-bank bond market
Magister-uppsats, Lunds universitet/Företagsekonomiska institutionenSammanfattning : This paper starts from the concept of liquidity, and applies principal-components analysis to construct a composite indicator of liquidity of the Chinese inter-bank bond market. The comprehensive score that results from the above-mentioned analysis overcomes shortcomings of previous single indicators that can merely cover one dimension of liquidity, and it is of great help to disclose the relationship between liquidity and the three factors, immediacy, transaction cost and transaction amount, and thus contributes to the further study on the microstructure of the Chinese inter-bank bond market. LÄS MER