Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market

碩士 === 國立臺北大學 === 金融與合作經營學系 === 101 === This research aims to explore whether investors types, pool of investors, and financial crisis would affect the market price efficiency. Based on the theory of Jagadeesh and Titman(1993), this research used the profits of momentum strategy as market price effi...

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Main Authors:	Chiao-Ying, Lai, 賴橋瑩
Other Authors:	Chang, Chan
Format:	Others
Language:	zh-TW
Published:	2013
Online Access:	http://ndltd.ncl.edu.tw/handle/61792565721239327991

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spelling	ndltd-TW-101NTPU01310052015-10-13T22:18:45Z http://ndltd.ncl.edu.tw/handle/61792565721239327991 Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market 投資人類別、金融海嘯與價格效率-以中國市場為例 Chiao-Ying, Lai 賴橋瑩碩士國立臺北大學金融與合作經營學系 101 This research aims to explore whether investors types, pool of investors, and financial crisis would affect the market price efficiency. Based on the theory of Jagadeesh and Titman(1993), this research used the profits of momentum strategy as market price efficiency indicators. The results of this research found that there are four: 1. A-share market has a significant reversal phenomenon, B-share market has no significant momentum or reversal phenomenon. 2. B-share market price efficient than A-share market. 3. Pool of investors does not affect the market price efficiency. 4.The period of non-financial crisis’s price efficient than the period of financial crisis in A-share market and the B-share market Chang, Chan 詹場 2013 學位論文 ; thesis 81 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立臺北大學 === 金融與合作經營學系 === 101 === This research aims to explore whether investors types, pool of investors, and financial crisis would affect the market price efficiency. Based on the theory of Jagadeesh and Titman(1993), this research used the profits of momentum strategy as market price efficiency indicators. The results of this research found that there are four: 1. A-share market has a significant reversal phenomenon, B-share market has no significant momentum or reversal phenomenon. 2. B-share market price efficient than A-share market. 3. Pool of investors does not affect the market price efficiency. 4.The period of non-financial crisis’s price efficient than the period of financial crisis in A-share market and the B-share market
author2	Chang, Chan
author_facet	Chang, Chan Chiao-Ying, Lai 賴橋瑩
author	Chiao-Ying, Lai 賴橋瑩
spellingShingle	Chiao-Ying, Lai 賴橋瑩 Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
author_sort	Chiao-Ying, Lai
title	Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
title_short	Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
title_full	Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
title_fullStr	Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
title_full_unstemmed	Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market
title_sort	investor types, financial crisis and price efficiency: evidence from china’s stock market
publishDate	2013
url	http://ndltd.ncl.edu.tw/handle/61792565721239327991
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Investor Types, Financial Crisis and Price Efficiency: Evidence from China’s Stock Market

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