Regulatory changes and market liquidity in Chinese stock markets
Our study measures the impact of institutional reforms in China on market liquidity. Using monthly data on turnover ratios, turnover-volatility ratios and stock returns for the Shanghai and Shenzhen Stock Exchange and applying an intervention model, we detect a considerable impact of regulatory chan...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2006-06.
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| Subjects: | |
| Online Access: | Get fulltext |