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oaioai:iris.unibocconi.it:11565/3791895

The stock market reaction to the 2005 split share structure reform in China

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Publication date
1 January 2012
Publisher
country:NLD
Doi

    Abstract

    We show that the split share structure reform was beneficial for small stocks, stocks characterized by historically poor returns, stocks issued by companies with low transparency and weak governance, and for less liquid stocks. The reform laid down the conditions for important future changes in ownership, liquidity and corporate governance in China

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    Archivio istituzionale della Ricerca - Bocconi

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    Last time updated on 03/09/2019

    This paper was published in Archivio istituzionale della Ricerca - Bocconi.

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