The determination of B for Hong Kong stock market.

• Other Authors: Liu, Tat-luen.
• Format: Others
• Language: English
• Published: Chinese University of Hong Kong 1990
• Subjects: Stock exchanges; Stock exchanges > China > Hong Kong
• Online Access: http://library.cuhk.edu.hk/record=b5886384; http://repository.lib.cuhk.edu.hk/en/item/cuhk-318534

by Liu Tat-luen. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. === Bibliography: leaves 68-69. === ABSTRACT --- p.i === ACKNOWLEDGMENT --- p.ii === TABLE OF CONTENTS --- p.iii === LIST OF TABLES --- p.v === LIST OF FIGURES --- p.vi === Chapter === Chapter I. --- INTRODUCTION --- p.1 === The trend of international diversification in stock investment --- p.1 === Why diversify in international stock investment --- p.2 === Chapter II. --- STUDY OBJECTIVES --- p.8 === Hypothesis --- p.8 === Relevance of Hong Kong case --- p.9 === Research Methodology --- p.10 === Chapter III. --- HOW RISKS ARE MEASURED --- p.12 === Systematic risk and non-systematic risk --- p.12 === Measurement of systematic risk - concept of β --- p.13 === Chapter IV. --- RISK-RETURN RELATIONSHIP --- p.15 === The standard Capital Asset Pricing Model --- p.15 === B in CAPM defined --- p.17 === Chapter V. --- EXTENSION OF CAPM INTERNATIONALLY --- p.19 === Chapter VI. --- SYSTEMATIC AND NON-SYSTEMATIC RISKS IN INTERNATIONAL CAPM CONTEXT --- p.27 === Systematic Risk - International CAPM --- p.27 === Non-systematic risk - International CAPM --- p.29 === Chapter VII. --- THE DETERMINATION OF βHong Kong --- p.31 === Estimating of β by Regression Analysis --- p.31 === Analysis Procedure --- p.32 === Graphical presentation of the data set --- p.34 === The regression Output --- p.35 === Estimation of 3 from the definition --- p.38 === Findings --- p.42 === Chapter VIII. --- USE OF BETA FOR A COUNTRY STOCK MARKET --- p.48 === Chapter IX. --- CONCLUSION --- p.52 === Chapter Appendix 1 --- The Hang Seng Index : 1980-89 --- p.58 === Chapter Appendix 2 --- The Data Set - Hang Seng and World Index (1987-89) --- p.59 === Chapter Appendix 3 --- The Data Set - Hang Seng and World Index (1982-84) --- p.60 === Chapter Appendix 4 --- t - test for the correlation of 3-year regression data --- p.61 === Chapter Appendix 5 --- t - test for the correlation of yearly regression data --- p.63 === Chapter Appendix 6 --- Constraints to International Diversification --- p.66 === BIBLIOGRAPHY --- p.68