Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share Export

@misc{citeulike:1319164, abstract = {China's stock markets, with stringent short-sales constraints, dominance of inexperienced individual investors, a small asset float and heavy share turnover (500\% per year despite a high transaction cost), provide a unique opportunity to study non-fundamental components in stock prices. In particular, several dozen Chinese firms o\#ered two classes of shares: class A, which could only be held by domestic investors, and class B, which could only be traded by foreigners. Despite their identical...}, author = {Mei, Jianping and Scheinkman, Jose A. and Xiong, Wei}, citeulike-article-id = {1319164}, citeulike-linkout-0 = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.6.8936}, keywords = {prices, speculation, stock, stocks, trading}, posted-at = {2007-05-22 11:49:03}, priority = {4}, title = {Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share}, url = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.6.8936} }

TY - GEN ID - citeulike:1319164 L3 - citeulike-article-id:1319164 N2 - China's stock markets, with stringent short-sales constraints, dominance of inexperienced individual investors, a small asset float and heavy share turnover (500% per year despite a high transaction cost), provide a unique opportunity to study non-fundamental components in stock prices. In particular, several dozen Chinese firms o#ered two classes of shares: class A, which could only be held by domestic investors, and class B, which could only be traded by foreigners. Despite their identical... TI - Speculative Trading and Stock Prices: An Analysis of Chinese A-B Share KW - prices KW - speculation KW - stock KW - stocks KW - trading AU - Mei, Jianping AU - Scheinkman, Jose AU - Xiong, Wei UR - http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.6.8936 ER -