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...
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| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/2429/14773 |