Turnover Rate and Speculative Bubble: Empirical Study on A-H Share of Dual-Listed Companies
2012 ◽
Vol 457-458
◽
pp. 810-814
Keyword(s):
A Share
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In existing researches on the spread of A-H share dual-listed companies, turnover rate is generally regarded as a proxy for liquidity, which ignores the speculative meaning of turnover. In fact, high turnover rate often reflects strong speculative characteristics of investors in A share market. In this paper the true meaning of turnover rate is considered that it’s unreasonable to use turnover rate as a proxy for liquidity. The turnover rate of dual-listed companies is not reflected as liquidity but speculation in A share market. And the meaning of turnover rate of dual-listed companies is not clear in H share market.
2012 ◽
Vol 457-458
◽
pp. 810-814
Keyword(s):
Keyword(s):
2020 ◽
Vol 8
(2)
◽
pp. 150-166
Keyword(s):