The Efficiency Research on Shanghai Stock Market Under Regulated Mechanism
Yao Li-ping
Abstract
Yao Li-ping
Abstract
This paper analyses the characters of Chinese stock market, the theory of market efficiency, and the development of the Chinese stock market system. It then gives an empirical research on the stock market efficiency. The result is that the market efficiency has certain relation to the system, and market is a weak-form efficiency,proved by the test of the event-study analysis.
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This paper analyses the characters of Chinese stock market, the theory of market efficiency, and the development of the Chinese stock market system. It then gives an empirical research on the stock market efficiency. The result is that the market efficiency has certain relation to the system, and market is a weak-form efficiency,proved by the test of the event-study analysis.
Key concepts: Stock market, Market efficiency, Stock market bubble, Efficient-market hypothesis, Business, Financial economics, Economics, Stock (firearms)