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Stock prices and the location of trade evidence from China-backed ADRs /

หน่วยงาน Central Queensland University, Australia

รายละเอียด

ชื่อเรื่อง : Stock prices and the location of trade evidence from China-backed ADRs /
นักวิจัย : Wang, Xue. , Yao, Lee.
คำค้น : American depository receipts. , Pure basic research. , 900101 Finance Services. , 150201 Finance. , Stocks , International finance. , Stock exchanges. , Finance , Location of trade -- Investor sentiment -- Financial markets -- China ADRs
หน่วยงาน : Central Queensland University, Australia
ผู้ร่วมงาน : -
ปีพิมพ์ : 2553
อ้างอิง : http://hdl.cqu.edu.au/10018/58226
ที่มา : Wang, X, & Yao, L 2010, 'Stock prices and the location of trade: evidence from China-backed ADRs' in C-F Lee (ed) Pacific impact on global economy recovery : the 18th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Graduate University of Chinese Academy of Sciences, Beijing, China, 23rd - 25th July, 2010.
ความเชี่ยวชาญ : -
ความสัมพันธ์ : Pacific impact on global economy recovery : th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Graduate University of Chinese Academy of Sciences, Beijing, China, 23rd - 25th July, 2010. New Brunswick, NJ. : PBFEAM, 2010. p. 1-21 21 pages Refereed , ACQUIRE [electronic resource] : Central Queensland University Institutional Repository.
ขอบเขตของเนื้อหา : -
บทคัดย่อ/คำอธิบาย :

This study examines whether the trading location affects equity returns of China-backed American Depository Receipts (ADRs) traded in the US. If international financial markets are integrated, stock prices should be affected only by their fundamentals; otherwise, stock prices may also be affected by their trading locations/investor sentiment. We find that China ADRs’ returns are affected more by the US market fluctuations than by Chinese market returns. We interpret the results as suggesting that country-specific investor sentiment affects stock prices.

บรรณานุกรม :
Wang, Xue. , Yao, Lee. . (2553). Stock prices and the location of trade evidence from China-backed ADRs /.
    กรุงเทพมหานคร : Central Queensland University, Australia.
Wang, Xue. , Yao, Lee. . 2553. "Stock prices and the location of trade evidence from China-backed ADRs /".
    กรุงเทพมหานคร : Central Queensland University, Australia.
Wang, Xue. , Yao, Lee. . "Stock prices and the location of trade evidence from China-backed ADRs /."
    กรุงเทพมหานคร : Central Queensland University, Australia, 2553. Print.
Wang, Xue. , Yao, Lee. . Stock prices and the location of trade evidence from China-backed ADRs /. กรุงเทพมหานคร : Central Queensland University, Australia; 2553.