scholarly journals Market segmentation and information values of earnings announcements: Some empirical evidence from an event study on the Chinese stock market

2004 ◽  
Vol 13 (4) ◽  
pp. 455-474 ◽  
Author(s):  
Y. Gao ◽  
Y.K. Tse
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Event Study ◽  
Market Segmentation ◽  
Earnings Announcements ◽  
Chinese Stock Market ◽  
Information Values

Impact of the OMRR Operation in Fighting the Adverse Effects of COVID-19 on the Chinese Stock Market: An Event Study

2021 ◽  
Vol 16 (3) ◽  
pp. 495-520
Author(s):  
Lin Guo ◽  
◽  
Xufei Zhang ◽  
Songlei Chao ◽  
◽  
...  
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Abnormal Return ◽  
Fiscal Policies ◽  
Chinese Stock Market ◽  
Open Market ◽  
Monetary Policies ◽  
Technology Industry ◽  
The Impact ◽  
China’S Economy

The outbreak of the COVID-19 epidemic has had an adverse effect on China's economy. This paper uses the event study method to test and measure the impact of the open market reverse repo (OMRR) operation on the Chinese stock market. The results show that the OMRR operation generates a positive daily abnormal return and a positive daily cumulative abnormal return on average for all stocks. The impact is larger for non-state-owned enterprise (non-SOE) firms than for SOE firms, stocks of non-Hubei provinces than those of the Hubei province, and for stocks of the information transmission and technology industry than those of other industries. We suggest that our government implement more prudent monetary policies and more proactive fiscal policies.

scholarly journals A Review of Market Segmentation and Inefficiencies of the Chinese Stock Market

2015 ◽  
Vol 4 (4) ◽  
pp. 18-28
Author(s):  
Shuang Feng ◽  
Jon Stewart
Keyword(s):  
Stock Market ◽  
Market Segmentation ◽  
Recent Literature ◽  
Emerging Market ◽  
Chinese Stock Market ◽  
Future Studies ◽  
Calendar Effects ◽  
Market Inefficiencies ◽  
The Past ◽  
Market Inefficiency

The Chinese stock market is an emerging market that has gained much importance over the past few decades. Because of this, it also serves as a great subject for studying market inefficiencies and anomalies. In this paper we provide a review of evidence regarding the development, efficiency and integration of the Chinese stock market. In particular, we review recent literature in the areas of market segmentation, cross-listings and calendar effects. This provides evidence of market inefficiency in China. We also pose questions that can be answered in future studies.

scholarly journals EARNINGS ANNOUNCEMENTS AND COMPETING INFORMATION: THE INDONESIAN EVIDENCE

2015 ◽  
Vol 29 (1) ◽  
Author(s):  
Dedhy Sulistiawan ◽  
Jogiyanto Hartono ◽  
Eduardus Tandelilin ◽  
Supriyadi Supriyadi
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Earnings Announcements ◽  
Negative Relationship ◽  
Technical Analysis ◽  
Earnings Announcement ◽  
Price Reaction ◽  
Price Reactions ◽  
The Relationship ◽  
The U.S

The main purpose of this study is to provide empirical evidence of the relationship betweeninvestors’ responses to two events, which are, (1) earnings anouncements, and (2) technicalanalysis signals, as competing information. This study is motivated by Francis, et al. (2002),whose study used stock analyst’s recommendations as competing information in the U.S stockmarket. To extend that idea, this study uses technical analysis signals as competing informationin the Indonesian stock market. Using Indonesian data from 2007-2012, this study shows thatthere are price reactions on the day of a technical analysis signal’s release, which is prior toearnings announcements. It means that investors react to the emergence of competinginformation. Reactions on earnings announcements also produce a negative relationship withthe reaction to a technical analysis signal before an earnings announcement. This study givesevidence about the importance of technical analysis as competing information to earningsannouncements.Keywords: competing information, earnings announcements, technical analysis, price reaction

Monetary Policy Adjustment, Corporate Investment, and Stock Liquidity—Empirical Evidence from Chinese Stock Market

2019 ◽  
Vol 55 (13) ◽  
pp. 3023-3038 ◽  
Author(s):  
Huaping Zhang ◽  
Jianhua Ye ◽  
Feifei Wei ◽  
Rafique Kashif ◽  
Ceyuan Cao
Keyword(s):  
Monetary Policy ◽  
Stock Market ◽  
Empirical Evidence ◽  
Corporate Investment ◽  
Chinese Stock Market ◽  
Stock Liquidity ◽  
Policy Adjustment

scholarly journals COVID–19’s Impact on Stock Prices Across Different Sectors—An Event Study Based on the Chinese Stock Market

2020 ◽  
Vol 56 (10) ◽  
pp. 2198-2212 ◽  
Author(s):  
Pinglin He ◽  
Yulong Sun ◽  
Ying Zhang ◽  
Tao Li
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Stock Prices ◽  
Chinese Stock Market
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