Implications of stock ownership restrictions and asymmetric compensation for equilibrium asset pricing : theory and empirical evidence
In China the shares open to foreign investors, B-Shares, have much lower prices relative to shares open to domestic investors, A-Shares. In Chapter I, we study the impact of the monopolistic government within a general equilibrium framework, and explain why A-Share prices are higher than B-Share pri...
Main Author: | |
---|---|
Language: | English |
Published: |
2009
|
Online Access: | http://hdl.handle.net/2429/14773 |