Market Segmentation and Differential Reactions of Local and Foreign Investors to Analyst Recommendations
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DOI: 10.1093/rfs/hhx010
Abstract: This paper uses segmented dual-class shares of Chinese firms—A shares traded in mainland China by local investors and H shares traded in Hong Kong by foreign investors—to document a rich pattern in the differential reactions… read more here.
Keywords: reactions local; local foreign; analyst; differential reactions ... See more keywords