Price Differential between Original Stock and Depository Receipt

2014 ◽  
Vol 11 (3) ◽  
pp. 63-83
Author(s):  
Yong Hyeon Kim ◽  
Sewngwook Jang
2007 ◽  
Vol 10 (03) ◽  
pp. 309-328 ◽  
Author(s):  
Changjiang Lu ◽  
Kemin Wang ◽  
Haiwei Chen ◽  
James Chong

We investigate the effectiveness of two recent regulatory policy changes on market efficiency in the Chinese A- and B-share markets. Overall, the opening of the B-share market to domestic Chinese investors and the limited opening of the A-share market to foreign investors increase market efficiency. The opening of the B-share market significantly reduces the price differential between A- and B-shares. Furthermore, there is no longer feedback in returns between the two markets in recent years. Our results provide evidence that there is no detrimental effect to market efficiency by integrating Chinese investors to international markets and foreign investors to the Chinese stock markets.


Author(s):  
Helena Chládková

The baking industry is one of the most important parts of the Czech food processing industry. The Czech baking industry has a bigger price differential compared to other Europe Union bakers than occurs with any other industry. Therefore the Czech government has integrated plans to improve this competitive advantage.The up-to-date trends are compared with the main European bakery producers and consumers–Germany in this paper. The research is focused on the analysis of the basic factors of supply and demand in the bakery markets of both these countries.During the recent period of time there have been many researchers from the FBE MUAF in Brno, who focused on the environment in the branch, e.g. Bečvářová (2005), Černíková and Žufan (2004); Chládková and Kudová (2004), Tomšík and Chládková (2005), Syrovátka (2000), Veselská (2005). The research on trade in food is solved firstly by Presová and Tvrdoň (2005).This paper is the part of the Research proposal MSM 6215648904 being solved at the FBE MUAF in Brno.


1990 ◽  
Vol 1990 (18) ◽  
pp. 19-21 ◽  
Author(s):  
Toshinori Ohmi ◽  
Masayuki Sakagami ◽  
Kazue Tanaka

Author(s):  
Michail Filippidis ◽  
Renatas Kizys ◽  
George Filis ◽  
Christos Floros

1968 ◽  
Vol 5 (1) ◽  
pp. 78-81 ◽  
Author(s):  
Robert D. Schooler ◽  
Albert R. Wildt

This article establishes the concept and measure of the elasticity of product bias. It demonstrates that, for most consumers, the effect of product bias on the selection decision between similar, alternative domestic and foreign goods can be offset by manipulation of the price differential.


1960 ◽  
Vol 1 (2) ◽  
pp. 214-225 ◽  
Author(s):  
Nigel Bateman

A long-established laboratory stock was found to contain many individuals that were heterozygous for a lethal gene, called tailless-Edinburgh (te). Heterozygotes are indistinguishable from normals except by breeding tests with special tester stocks supplying brachyury (T) gametes, when tailless (Tte) progeny distinguish carrier parents from normal parents that produce only short-tailed (T +) progeny. When males are mated to tester females providing brachyury eggs, the ratio of Tte: T + progeny reflects the ratio of te: + spermatozoa. The proportion of te spermatozoa measured in this way led to the expectation that 62% of individuals in the original stock would be carriers, whereas 80% was found. Independent evidence is presented for + te males that the incidence of te in their effective spermatozoa was higher when normal eggs were fertilized in matings within the original stock than when brachyury eggs were fertilized in outcross matings to the tester stock. These observations suggest that the proportion of te spermatozoa partaking in fertilization was modified by the genotypes of the females or of their eggs.


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