Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 方伟明教授 (金融学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1475-6803.2004.t01-1-00078.x |
引用次数
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/5Scopus source URL
其它资讯
摘要The August 1998 Hong Kong government intervention in the stock market offers a natural experiment for studying the relation between a free float and market liquidity, where a free float is the portion of listed share capital that is freely traded on the market. Our findings show that, relative to a group of control stocks, there was an increase in the price effects of trades for the 33 Hang Seng Index component stocks that were bought by the government. On the other hand, there was no clear cross-sectional relation between the change in the price effect and the magnitude of government holdings or the decrease in the free float.
着者Chan K., Chan Y.-C., Fong W.-M.
期刊名称Journal of Financial Research
出版年份2004
月份6
日期1
卷号27
期次2
出版社Blackwell Publishing Inc.
出版地United Kingdom
页次179 - 197
国际标準期刊号0270-2http://aims.cuhk.edu.hk/converis/portal/Publication/592
语言英式英语
