Sources of liquidity commonality, asymmetric information and ownership structure in emerging markets : evidence from the Chinese stock market

Zheng, Xinwei 2008, Sources of liquidity commonality, asymmetric information and ownership structure in emerging markets : evidence from the Chinese stock market, Corporate Ownership & Control, vol. 5, no. 4 - Continued 1, pp. 233-239.

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Title Sources of liquidity commonality, asymmetric information and ownership structure in emerging markets : evidence from the Chinese stock market
Author(s) Zheng, Xinwei
Journal name Corporate Ownership & Control
Volume number 5
Issue number 4 - Continued 1
Start page 233
End page 239
Total pages 7
Publisher Virtus Interpress
Place of publication Sumy, Ukraine
Publication date 2008
ISSN 1727-9232
1810-3057
Summary Xinwei Zheng examines if common factors of liquidity can be determined by ownership structure measured by asymmetric information in an emerging market that has adopted an order-driven trading system. Using China as a case for the study, I select a broad sample of stocks from two separate Chinese stock exchanges to measure and
analyse the relationship. My empirical evidence seems significant and pervasive. These findings about the Chinese stock market provide useful pointers for understanding commonality in emerging economies and shed critical light
on a new dimension of the working of emerging markets.
Language eng
Field of Research 150203 Financial Institutions (incl Banking)
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024524

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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