Measuring the market impact of the Shanghai-Hong Kong Stock Connect Program : an event study analysis

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial Hong Kong (China)
dc.coverage.spatial Shanghai (China)
dc.creator Rice, Sonya Nicole
dc.date.accessioned 2016-01-15T14:56:02Z
dc.date.available 2016-01-15T14:56:02Z
dc.date.issued 2015
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/26447
dc.description 1 online resource (vii, 48 p.) : ill.
dc.description Includes abstract and appendices.
dc.description Includes bibliographical references (p. 32-34).
dc.description.abstract Financial liberalization in the PRC has been a gradual process. The most recent liberalization effort was the Shanghai-Hong Kong Stock Connect program which represents the first program allowing direct access between the Shanghai Stock Exchange and the Stock Exchange of Hong Kong. This study analyzes the stock price impact arising from this program for various subsets of both markets using a regression model event study analysis. The data suggest a positive abnormal return for eligible A shares on the SSE with 1% level of significance, whereas the data suggest a negative impact on the eligible shares of the SEHK, with 5% level of significance. The program's impact on the B share market of the SSE was statistically insignificant. en_CA
dc.description.provenance Submitted by Greg Hilliard (greg.hilliard@smu.ca) on 2016-01-15T14:56:02Z No. of bitstreams: 1 Rice_Sonya_MRP_2015.pdf: 335134 bytes, checksum: 7040c5f0fef441a9e972053d4caf2c6c (MD5) en
dc.description.provenance Made available in DSpace on 2016-01-15T14:56:02Z (GMT). No. of bitstreams: 1 Rice_Sonya_MRP_2015.pdf: 335134 bytes, checksum: 7040c5f0fef441a9e972053d4caf2c6c (MD5) Previous issue date: 2015-09-14 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Measuring the market impact of the Shanghai-Hong Kong Stock Connect Program : an event study analysis en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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