JavaScript is disabled for your browser. Some features of this site may not work without it.
| dc.creator | Yu, Wayne W. | |
| dc.date.accessioned | 2014-03-05T19:52:39Z | |
| dc.date.available | 2014-03-05T19:52:39Z | |
| dc.date.issued | 1998 | |
| dc.identifier.uri | http://library2.smu.ca/xmlui/handle/01/25744 | |
| dc.description.abstract | This paper examines the daily stock price behavior of the 175 individual stocks traded on the Shanghai Securities Exchange for the period of August 1992 through August 1995. We find that stock prices on the exchange tend to move in step with each other. We argue that the market does not appear to efficiently allocate capital resources to their best use. In addition, we find that stock prices on the exchange mostly follow a random walk – serial correlations of stock prices are mostly statistically insignificant. The paper concludes with some policy suggestions to make the market more efficient. | en_CA |
| dc.description.provenance | Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-03-05T19:52:39Z No. of bitstreams: 1 asb_proceedings_1998_yu_w_w.pdf: 81290 bytes, checksum: 882a3e298f3d9eecaed16657d3cad2a0 (MD5) | en |
| dc.description.provenance | Made available in DSpace on 2014-03-05T19:52:39Z (GMT). No. of bitstreams: 1 asb_proceedings_1998_yu_w_w.pdf: 81290 bytes, checksum: 882a3e298f3d9eecaed16657d3cad2a0 (MD5) Previous issue date: 1998 | en |
| dc.format.extent | 8 p. | |
| dc.language.iso | en | en_CA |
| dc.publisher | Atlantic Schools of Business | en_CA |
| dc.subject.lcsh | Stocks -- Prices -- China | |
| dc.subject.lcsh | Stock exchanges -- China -- Shanghai | |
| dc.title | The behavior of stock prices on the Shanghai Securities Exchange: implications for the stock market reform in China | en_CA |
| dc.type | Text | en_CA |
| dcterms.bibliographicCitation | Proceedings of the 28th Atlantic Schools of Business Conference, Acadia University, 1998 |
