INTL: Managing in Emerging Markets (Topic)最新文献_第6页

Land Value Determination in an Emerging Market: Empirical Evidence from China 新兴市场的土地价值决定:来自中国的经验证据

INTL: Managing in Emerging Markets (Topic) Pub Date : 2008-01-01 DOI: 10.2139/ssrn.1084109

Helen X. H. Bao, J. Glascock, S. Zhou, Lei Feng

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引用次数: 13

Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices 转型15年后的中亚:增长、区域合作与政策选择

INTL: Managing in Emerging Markets (Topic) Pub Date : 2006-07-01 DOI: 10.18356/E5999585-EN

Ganeshan Wignarajan, G. Wignaraja

引用次数: 56

Culture and Stock Price Clustering: Evidence from the Peoples' Republic of China 文化与股价聚类:来自中华人民共和国的证据

INTL: Managing in Emerging Markets (Topic) Pub Date : 2004-08-01 DOI: 10.2139/ssrn.601523

Jason D. Mitchell, P. Brown

{"title":"Culture and Stock Price Clustering: Evidence from the Peoples' Republic of China","authors":"Jason D. Mitchell, P. Brown","doi":"10.2139/ssrn.601523","DOIUrl":"https://doi.org/10.2139/ssrn.601523","url":null,"abstract":"Price clustering is the tendency of prices to be observed more frequently at some numbers than others. It results from human bias and from haziness or imprecise beliefs about underlying value. To many Chinese, the number \"8\" is salient because it is considered \"lucky\", while \"4\" is \"unlucky\" and to be avoided. We conduct a tightly controlled experiment to determine whether a culturally heuristic number preference exists, by studying trading on the Shanghai and Shenzhen stock exchanges, which have been relatively segmented along cultural lines. Our results are extremely clear. For much of our sample period (1994 - 2002), the prices of A-shares (mostly held by Chinese organisations or individuals) traded on the Shanghai stock exchange were more than twice as likely to end in 8 as 4. Similarly, for A-shares traded on the Shenzhen stock exchange a preference for 8 was found. Preference for 8 on both A-share exchanges was initially very strong, but has dissipated somewhat over time. For the Shanghai A-shares the reduction in the cultural preference only occurred in the most recent period whereas for Shenzhen the reduction occurred considerably earlier. Overall, the cultural preference was widespread for both A-markets and was in fact stronger in opening, high and low relative to closing prices. The preference for 8 was much weaker for B-shares, largely held by foreigners, on both exchanges.","PeriodicalId":188920,"journal":{"name":"INTL: Managing in Emerging Markets (Topic)","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114865208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 78

Economic Analysis of Business Model for Delivering Mobile Value-Added Services in Thailand 泰国提供移动增值服务商业模式的经济分析

INTL: Managing in Emerging Markets (Topic) Pub Date : 1900-01-01 DOI: 10.2139/ssrn.1618174

P. Sirasoontorn

引用次数: 8

Mobile Number Portability in South Asia 南亚的流动电话号码可携性

INTL: Managing in Emerging Markets (Topic) Pub Date : 1900-01-01 DOI: 10.2139/ssrn.1618182

Tahani Iqbal

引用次数: 13