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by Leung Wai Yuen and Wong Che Keung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 79-81). / ABSTRACT --- p.iv / ACKNOWLEDGMENT --- p.v / TABLE OF CONTENTS --- p.vi / LIST OF TABLES --- p.x / LIST OF FIGURES --- p.xi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Background --- p.1 / Objective of This Study --- p.5 / Chapter II --- THE DEVELOPMENT OF THE STOCK MARKET IN HONG KONG --- p.6 / Development of the Stock Exchange --- p.6 / Performance of the Stock Market --- p.10 / Chapter III --- CURRENT SITUATION OF THE SEHK --- p.14 / Performance in 1994 --- p.14 / Future Development of the SEHK --- p.19 / Chapter IV --- REGULATORY ENVIRONMENT IN HONG KONG --- p.20 / History of Securities Legislation in Hong Kong --- p.20 / Regulatory Hierarchy of the Securities Market in Hong Kong --- p.24 / The Securities and Futures Commission --- p.25 / Mission and Functions of the SFC --- p.25 / Chapter V --- SECURITIES (INSIDER DEALING) ORDINANCE --- p.29 / Definition of Insider Dealing --- p.29 / The Insider Dealing Tribunal --- p.30 / Chapter VI --- SECURITIES (DISCLOSURE OF INTEREST) ORDINANCE --- p.32 / Gist of the Ordinance --- p.32 / Duties of Substantial Shareholders --- p.33 / Disclosure of Directors and Chief Executives --- p.34 / Interests That Can be Disregarded --- p.35 / Penalties for Breaches --- p.36 / Chapter VII --- LITERATURE REVIEW --- p.37 / Research on Overseas Stock Markets --- p.37 / Watchdog Report by Credit Lyonnais --- p.42 / Chapter VIII --- METHODOLOGY --- p.43 / Data Sampling --- p.43 / Definition of Insider Activities Index --- p.45 / Design of the Study --- p.46 / Chapter IX --- RESULTS AND IMPLICATIONS --- p.50 / Industry Type --- p.50 / Company Size --- p.51 / Seasonal Effect --- p.52 / Ownership Concentration --- p.53 / Chapter X --- CONCLUSION AND RECOMMENDATIONS --- p.55 / Conclusion --- p.55 / Recommendations for Further Studies --- p.56 / APPENDICE --- p.58 / Appendix 1 --- p.59 / Appendix 2 --- p.63 / Appendix 3 --- p.67 / Appendix 4 --- p.71 / Appendix 5 --- p.73 / Appendix 6 --- p.75 / Appendix 7 --- p.77 / BIBLIOGRAPHY --- p.79

Cheuk Man Yin. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 87-94). / Abstracts in English and Chinese. / ABSTRACT --- p.i / ACKNOWLEDGEMENT --- p.iv / TABLE OF CONTENTS --- p.v / LIST OF TABLES --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter 1.1 --- Introduction --- p.1 / Chapter 1.2 --- Objectives --- p.5 / Chapter II. --- LITERATURE REVIEW --- p.7 / Chapter 2.1 --- Backgrounds --- p.7 / Chapter 2.1.1 --- Information Content and Predictability of Insider Trading --- p.7 / Chapter 2.1.2 --- "Market Efficiency, Market Liquidity and Insider Trading" --- p.9 / Chapter 2.2 --- Review of Insider Trading Literature --- p.11 / Chapter 2.2.1 --- Review of Studies on the U.S. Market --- p.11 / Chapter 2.2.2 --- Review of Studies on the European and Canadian Markets --- p.17 / Chapter 2.2.3 --- Review of Studies on the Emerging Stock Markets --- p.18 / Chapter III. --- INSIDER TRADING REGULATION IN HONG KONG --- p.20 / Chapter 3.1 --- Backgrounds: Arguments For and Against Insider Trading --- p.20 / Chapter 3.2 --- The Securities (Insider Dealing) Ordinance --- p.22 / Chapter 3.3 --- The Securities (Disclosure of Interests) Ordinance --- p.23 / Chapter IV. --- DATA AND METHODOLOGY --- p.27 / Chapter 4.1 --- Data --- p.27 / Chapter 4.2 --- Statistics on Insider Trading Samples --- p.33 / Chapter 4.2.1 --- Statistics on Entire Sample --- p.33 / Chapter 4.2.2 --- Statistics by Year of Transaction --- p.34 / Chapter 4.2.3 --- Statistics by Calendar Month of Transaction --- p.36 / Chapter 4.2.4 --- Statistics by Day of the Week of Transaction --- p.37 / Chapter 4.2.5 --- Statistics by Industry Classification of the Firm --- p.38 / Chapter 4.2.6 --- Statistics by Size of the Firm --- p.38 / Chapter 4.2.7 --- Statistics by Book-to-Market Ratio of the Firm --- p.39 / Chapter 4.2.8 --- Statistics by Price-Earnings Ratio of the Firm --- p.40 / Chapter 4.2.9 --- Statistics by Relative Trading Volume in Shares --- p.41 / Chapter 4.2.10 --- Statistics by Firm Size and Relative Trading Volume in Shares --- p.43 / Chapter 4.3 --- Methodology --- p.43 / Chapter 4.3.1 --- Measurement of Stock Price Performance for Insider Trading Events --- p.43 / Chapter 4.3.2 --- Aggregate Industry-wide Insider Trading Prior to Major Adjustment in the AOI Sectorial Index --- p.47 / Chapter V. --- EMPIRICAL RESULTS AND DISCUSSIONS --- p.51 / Chapter 5.1 --- Stock Price Performance Around Insider Trading Events: Abnormal Returns and Cumulative Abnormal Returns --- p.51 / Chapter 5.1.1 --- On the Entire Sample --- p.51 / Chapter 5.1.2 --- By Year of Transaction --- p.55 / Chapter 5.1.3 --- By Calendar Month of Transaction --- p.59 / Chapter 5.1.4 --- By Day of the Week of Transaction --- p.61 / Chapter 5.1.5 --- By Industry Classification of the Firm --- p.62 / Chapter 5.1.6 --- By Size of the Firm --- p.64 / Chapter 5.1.7 --- By Book-to-Market Ratio of the Firm --- p.66 / Chapter 5.1.8 --- By Price-Earnings Ratio of the Firm --- p.67 / Chapter 5.1.9 --- By Relative Trading Volume in Shares --- p.69 / Chapter 5.1.10 --- By Firm Size and Relative Trading Volume in Shares --- p.70 / Chapter 5.2 --- Aggregate Industry-wide Insider Trading Prior to Major Adjustment in the AOI Sectorial Index --- p.74 / Chapter 5.2.1 --- Finance Industry --- p.76 / Chapter 5.2.2 --- Utilities Industry --- p.77 / Chapter 5.2.3 --- Properties Industry --- p.78 / Chapter 5.2.4 --- Consolidated Enterprises Industry --- p.80 / Chapter 5.2.5 --- Industrials Industry --- p.81 / Chapter 5.2.6 --- Hotels Industry --- p.82 / Chapter VI. --- CONCLUDING REMARKS --- p.85 / BIBLIOGRAPHY --- p.87

Wan Yanyan. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2006. / Includes bibliographical references (leaves 53-56). / Abstracts in English and Chinese. / Chapter I. --- Introduction --- p.1 / Chapter II --- Disclosure of Interests (DI) Regimes in Hong Kong --- p.5 / Chapter II.1. --- Development of Disclosure of Interests (DI) Regulations --- p.5 / Chapter II.2. --- Differences in Two Disclosure of Interests (DI) Regimes --- p.8 / Chapter III. --- Literature Review and Hypotheses --- p.11 / Chapter IV. --- Data and Methodology --- p.15 / Chapter IV.1. --- Data --- p.15 / Chapter IV.2. --- Descriptive Statistics --- p.20 / Chapter IV.3. --- Methodology --- p.22 / Chapter V. --- Results --- p.24 / Chapter V.1. --- Market Reaction to Insiders，Transactions --- p.24 / Chapter V.2. --- Information Asymmetry Hypothesis --- p.28 / Chapter V.2.1. --- Company Size Effect --- p.28 / Chapter V.2.2. --- Index Membership Effect --- p.32 / Chapter V.2.3. --- Industry Effect --- p.34 / Chapter V.2.4. --- Tests of Information Asymmetry Hypothesis for Subsamples --- p.41 / Chapter V.3. --- The Effect of Different DI Regulations --- p.42 / Chapter V.3.1. --- Full Sample --- p.43 / Chapter V.3.2. --- Subsamples --- p.48 / Chapter VI. --- Conclusion --- p.49 / Reference --- p.53 / Appendices --- p.57 / Appendix 1 --- p.57 / Appendix 2 --- p.67 / Appendix 3 --- p.70

Tam,Tsz-Wa. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2004. / Includes bibliographical references (leaves 105-109). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgement --- p.iv / Table of Contents --- p.v / Chapter Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Insider Trading and Corporate Governance --- p.1 / Chapter 1.2 --- Insider Trading and Stock Volatility --- p.3 / Chapter 1.3 --- Objective of the Thesis Research --- p.4 / Chapter Chapter 2 --- Literature Review --- p.6 / Chapter 2.1 --- Review of Theoretical Literature --- p.6 / Chapter 2.2 --- Review of Empirical Literature --- p.18 / Chapter Chapter 3 --- Insider Dealing Regulations in Hong Kong --- p.24 / Chapter Chapter 4 --- Data --- p.27 / Chapter 4.1 --- Data Collection --- p.27 / Chapter 4.2 --- Summary Statistics of Insider Trading Data --- p.30 / Chapter Chapter 5 --- Methodology --- p.31 / Chapter 5.1 --- Hypothesis --- p.31 / Chapter 5.2 --- Event Study --- p.32 / Chapter 5.3 --- Vector Autoregression (VAR) Analysis --- p.41 / Chapter Chapter 6 --- Empirical Results: Event Study --- p.51 / Chapter 6.1 --- General Description of Results --- p.51 / Chapter 6.2 --- Volatility Change Immediately before Insider Trading --- p.53 / Chapter 6.3 --- Volatility Immediately before and after Insider Trading --- p.61 / Chapter 6.4 --- Volatility Change Immediately after Insider Trading --- p.67 / Chapter 6.5 --- Intermediate Term Volatility before and after Insider Trading --- p.72 / Chapter 6.6 --- Chapter Summary and Discussion --- p.79 / Chapter Chapter 7 --- Empirical Results: Vector Autoregression (VAR) Analysis --- p.83 / Chapter 7.1 --- Volatility of Hang Seng Index Return --- p.83 / Chapter 7.2 --- Volatility of Market Value Weighted Index Return --- p.85 / Chapter 7.3 --- Volatility of Equal Weighted Index Return --- p.87 / Chapter 7.4 --- Aggregate Total Volatility --- p.89 / Chapter 7.5 --- Aggregate Abnormal Return Volatility --- p.91 / Chapter 7.6 --- Aggregate Firm Specific Volatility --- p.93 / Chapter 7.7 --- Chapter Summary and Discussion --- p.95 / Chapter Chapter 8 --- Conclusion --- p.97 / Bibliography --- p.105

Zhang, Yujie. / "August 2011." / Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. / Includes bibliographical references (leaves 53-56). / Abstracts in English and Chinese. / Abstract --- p.ii / 摘要 --- p.iii / Acknowledgement --- p.iv / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Institutional background and research hypotheses --- p.8 / Chapter 2.1 --- Rules and regulations in China --- p.8 / Chapter 2.2 --- Ownership structure and corporate governance in China --- p.11 / Chapter 2.3 --- Research hypothesis --- p.13 / Chapter 3. --- Construction of variables and model specification --- p.17 / Chapter 3.1 --- Stock return synchronicity (SYNCH) --- p.17 / Chapter 3.2 --- Insider trading --- p.18 / Chapter 3.3 --- Control variables --- p.21 / Chapter 3.4 --- Ownership structure and corporate governance indicators --- p.23 / Chapter 4. --- Descriptive statistics --- p.30 / Chapter 4.1 --- Insider trading --- p.31 / Chapter 4.2 --- Synchronicity --- p.34 / Chapter 4.3 --- Summary of all variables --- p.35 / Chapter 5. --- Regression analysis --- p.37 / Chapter 5.1 --- Effect of insider trading on stock price synchronicity --- p.37 / Chapter 5.2 --- Effect of insider trading by different identities on stock price synchronicity --- p.39 / Chapter 5.3 --- Effect of insider trading on stock price synchronicity under various corporate governance --- p.42 / Chapter 6. --- Robustness checks --- p.46 / Chapter 6.1 --- insider trading and industry-level return --- p.46 / Chapter 6.2 --- The effect of insider trading on industry vs. firm-specific earnings information --- p.47 / Chapter 7. --- Conclusions --- p.51 / References: --- p.53 / Appendix: Variable definitions: --- p.80

by Hui Lok Yee Connie. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 92-95). / ABSTRACT --- p.iv / ACKNOWLEDGEMENT --- p.v / TABLE OF CONTENTS --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objectives of Securities Regulations --- p.3 / Regulatory Framework of the Hong Kong Securities Market --- p.5 / Objectives of This Study --- p.6 / Methodology --- p.7 / Chapter II. --- DISCLOSURE OF INTERESTS --- p.8 / Development of Securities (Disclosure of Interests) Ordinance in HK --- p.8 / Disclosure of Interests in Shares --- p.9 / Commentary --- p.17 / Recommendations --- p.23 / Chapter III. --- INSIDER DEALING --- p.29 / Development of Securities (Insider Dealing) Ordinance in HK --- p.29 / Overview of the Supervision of Insider Dealing Activitiesin Hong Kong and Singapore --- p.30 / Circumstances of Insider Dealing --- p.32 / Consequences of Insider Dealing --- p.36 / Case Studies --- p.39 / Commentary --- p.51 / Recommendations --- p.55 / Chapter IV. --- CONCLUSION --- p.60 / APPENDICE --- p.63 / Appendix 1 --- p.64 / Appendix 2 --- p.68 / Appendix 3 --- p.72 / Appendix 4 --- p.76 / Appendix 5 --- p.77 / Appendix 6 --- p.85 / Appendix 7 --- p.90 / Appendix 8 --- p.91 / Appendix 9 --- p.92 / BIBLIOGRAPHY --- p.93