by Chan Lai Yee, Lily, Cheung Siu Cheong. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 93-94). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF FIGURES --- p.vi / LIST OF TABLES --- p.vii / ACKNOWLEDGMENT --- p.viii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- STOCK TRADING IN HONG KONG --- p.3 / Service Providers --- p.4 / Industry Development --- p.4 / Characteristics of Retail Investors in Hong Kong --- p.5 / Chapter III. --- INTERNET IN HONG KONG --- p.10 / Internet Penetration in Hong Kong --- p.10 / Profile of Cyberbuyers in Hong Kong --- p.10 / Chapter IV. --- ONLINE STOCK TRADING IN THE UNITED STATES --- p.12 / A Promising Trend --- p.12 / Opportunity is also Threat --- p.13 / Chapter V. --- ONLINE STOCK TRADING IN HONG KONG --- p.14 / Comparison with Conventional Stock Trading --- p.14 / Current Marketing Mix of Online Stock Trading Companies in Hong Kong --- p.17 / Profiles of Major Online Stock Trading Companies in Hong Kong --- p.24 / Chapter VI. --- METHODOLOGY --- p.30 / Perceptual Mapping --- p.30 / Survey Design --- p.37 / Sampling --- p.38 / Data Collection --- p.39 / Data Analysis --- p.39 / Chapter VII. --- FINDINGS AND INTERPRETATION --- p.44 / Demographics of Respondents --- p.44 / Determination of Dimensions of the Map --- p.45 / The Perceptual Map --- p.46 / Relationship between Intention and Overall Attitude --- p.47 / Chapter VIII. --- RECOMMENDATIONS --- p.49 / Quality of Web --- p.49 / Quality of Transaction --- p.53 / Other Recommendations --- p.54 / Chapter IX. --- LIMITATIONS OF RESEARCH --- p.56 / Potential Problems with Factor Analysis --- p.56 / Convenient Sampling --- p.56 / Sample Size --- p.57 / Respondents' Insufficient Knowledge --- p.57 / Companies Selection --- p.58 / Chapter X. --- CONCLUSION --- p.59 / APPENDIX I: PROFILE OF RETAIL INVESTORS --- p.61 / APPENDIX II: THE QUESTIONNAIRE --- p.63 / APPENDIX III: MAIN PAGES OF SELECTED ONLINE STOCK TRADING COMPANIES --- p.73 / APPENDIX IV: SPSS OUTPUT --- p.79 / APPENDIX V: DEMOGRAPHICS OF RESPONDENTS --- p.87 / APPENDIX VI: PERCEPTUAL MAP FOR MAJOR ONLINE STOCK TRADING COMPANIES IN HONG KONG --- p.91 / BIBLIOGRAPHY --- p.93

by Yeung Kwan Ho. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 70-77). / ABSTRACT --- p.ii. / TABLE OF CONTENTS --- p.iv / LIST OF ILLUSTRATIONS --- p.vi / LIST OF TABLES --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter 1.0. --- Overview --- p.1 / Chapter 1.1. --- Background --- p.1 / Chapter 1.2. --- Research Objective --- p.2 / Chapter 1.3. --- The Conceptual Model --- p.3 / Chapter 1.4. --- The Research Design --- p.3 / Chapter 1.5. --- Significance of this study --- p.4 / Chapter 1.6. --- Our Thesis Outline --- p.4 / Chapter II. --- DEVELOPMENT OF INTERNET TRADING / Chapter 2.0. --- Overview --- p.6 / Chapter 2.1. --- Development of Internet in US --- p.6 / Chapter 2.1.1. --- Internet in US --- p.6 / Chapter 2.1.2. --- Implications on US internet trading --- p.7 / Chapter 2.2. --- Development of E-commerce in US --- p.8 / Chapter 2.2.1. --- E-commerce in US --- p.8 / Chapter 2.2.2. --- Internet Shopping and behaviors --- p.9 / Chapter 2.2.3. --- Internet banking and finance in US --- p.10 / Chapter 2.3. --- Development of Internet and E-commerce in Hong Kong --- p.17 / Chapter 2.3.1. --- Internet and E-commerce in Hong Kong --- p.17 / Chapter 2.3.2. --- E-commerce Development in Hong Kong --- p.17 / Chapter 2.3.3. --- Internet Banking and Finance in Hong Kong --- p.19 / Chapter 2.3.4. --- Implications of internet and local e-commerce on internet trading --- p.21 / Chapter 2.4. --- Development of Internet Trading in US --- p.22 / Chapter 2.4.1. --- Background of internet trading in US --- p.22 / Chapter 2.4.2. --- Development and the internet traders --- p.23 / Chapter 2.4.3. --- Transaction System in US --- p.28 / Chapter 2.4.4. --- Security System in US --- p.29 / Chapter 2.4.5. --- Regulations in US --- p.31 / Chapter 2.5. --- Development of Internet Trading in Hong Kong --- p.31 / Chapter 2.5.1. --- Background and the Development --- p.32 / Chapter 2.5.2. --- Transaction System in Hong Kong --- p.36 / Chapter 2.5.3 --- Security System in Hong Kong --- p.37 / Chapter 2.5.4. --- Regulations in Hong Kong --- p.38 / Chapter III. --- LITERATURE REVIEW --- p.40 / Chapter 3.0. --- Overview --- p.40 / Chapter 3.1. --- Review of Past Studies in Internet Trading --- p.40 / Chapter 3.2. --- Conceptual Framework: Theory of Reasoned Action --- p.41 / Chapter 3.3. --- Conceptual Model --- p.45 / Chapter 3.4. --- The Causal Relations Among Constructs --- p.46 / Chapter IV. --- METHODOLOGY --- p.49 / Chapter 4.0. --- Overview --- p.49 / Chapter 4.1. --- The Research Design --- p.49 / Chapter 4.2. --- The Sample and the Sampling Procedure --- p.50 / Chapter 4.3. --- Operationalization of the Constructs --- p.51 / Chapter 4.4. --- Data Analysis --- p.56 / Chapter 4.5. --- Research Activities --- p.57 / Chapter V. --- ANALYSIS AND FINDINGS --- p.59 / Chapter 5.0. --- Overview --- p.59 / Chapter 5.1. --- Structural Equation Modeling --- p.59 / Chapter 5.1.1 . --- The Original Conceptual Model --- p.60 / Chapter 5.1.2. --- The Modified Conceptual Model --- p.62 / Chapter 5.2. --- Discussion --- p.63 / Chapter VI. --- CONCLUSION --- p.65 / Chapter 6.0. --- Overview --- p.65 / Chapter 6.1. --- Summary of the Research --- p.65 / Chapter 6.2. --- Managerial Implications --- p.55 / Chapter 6.3. --- Limitations and Future Directions --- p.68 / BIBIOGRAPHY --- p.70 / APPENDIX --- p.78

by Lee Yue, Wefield. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 105-111). / Abstracts in English and Chinese. / Abstract --- p.I / Abstract (Chinese) --- p.II / Acknowledgement --- p.III / Table of Content --- p.IV / List of Figures --- p.VII / List of Tables --- p.VIII / Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Background --- p.1 / Chapter 1.2 --- Motivation --- p.2 / Chapter 1.3 --- Organization --- p.4 / Chapter 2 --- Literature Review --- p.5 / Chapter 2.1 --- Market Monitoring --- p.5 / Chapter 2.1.1 --- Regulatory Framework --- p.5 / Chapter 2.1.2 --- Surveillance Technology --- p.6 / Chapter 2.2 --- Cross Market Relationship --- p.7 / Chapter 2.3 --- Knowledge Management --- p.9 / Chapter 2.3.1 --- From Data and Information to Knowledge --- p.9 / Chapter 2.3.2 --- From Knowledge to Knowledge Management --- p.10 / Chapter 3 --- Market Activities and Market Surveillance --- p.13 / Chapter 3.1 --- Overview of Market Structure --- p.13 / Chapter 3.1.1 --- Monetary Market --- p.13 / Chapter 3.1.2 --- Stock and its Derivatives Market --- p.14 / Chapter 3.1.3 --- Futures --- p.19 / Chapter 3.2 --- Cross-Market Activities and Manipulation --- p.20 / Chapter 3.3 --- Monitoring and Surveillance --- p.22 / Chapter 3.4 --- Stock Monitoring Systems --- p.23 / Chapter 4 --- Financial Knowledge Management (FKM) Model --- p.27 / Chapter 4.1 --- Introduction --- p.27 / Chapter 4.2 --- Knowledge Management cycle --- p.28 / Chapter 4.2.1 --- Information Collection --- p.29 / Chapter 4.2.2 --- Information Storage --- p.29 / Chapter 4.2.3 --- Knowledge Generation --- p.30 / Chapter 4.2.4 --- Knowledge Dissemination --- p.30 / Chapter 4.3 --- The 4 levels of FKM --- p.31 / Chapter 5 --- Level 1: Range Detection --- p.32 / Chapter 5.1 --- Basic idea --- p.32 / Chapter 5.2 --- Detection cycle --- p.32 / Chapter 5.3 --- Mathematical Model --- p.32 / Chapter 5.4 --- Knowledge generation --- p.34 / Chapter 6 --- Level 2: Momentum Detection --- p.36 / Chapter 6.1 --- Basic idea --- p.36 / Chapter 6.2 --- Detection cycle --- p.36 / Chapter 6.3 --- Mathematical Model --- p.37 / Chapter 6.4 --- Knowledge generation --- p.38 / Chapter 7 --- Level 3: Case Detection --- p.40 / Chapter 7.1 --- Basic Idea --- p.40 / Chapter 7.2 --- Technical Analysis --- p.40 / Chapter 7.3 --- Details and Characteristics of Chart Patterns --- p.41 / Chapter 7.3.1 --- Continuation and Reversal Patterns --- p.41 / Chapter 7.3.2 --- Bar Charts --- p.42 / Chapter 7.3.3 --- Different Patterns --- p.42 / Chapter 7.4 --- Mathematical Model --- p.54 / Chapter 7.4.1 --- Smoothing of Data 一 Exponential Smoothing --- p.55 / Chapter 7.4.2 --- Recognition of Different Patterns --- p.57 / Chapter 7.4.3 --- Detection Cycle --- p.59 / Chapter 7.5 --- Knowledge generation --- p.60 / Chapter 8 --- Level 4: Scenario Detection --- p.62 / Chapter 8.1 --- Basic idea --- p.62 / Chapter 8.2 --- Detection cycle --- p.65 / Chapter 8.2.1 --- RETRIEVE --- p.66 / Chapter 8.2.2 --- REUSE --- p.75 / Chapter 8.2.3 --- REVISE --- p.76 / Chapter 8.2.4 --- RETAIN --- p.82 / Chapter 8.3 --- Knowledge Generation --- p.82 / Chapter 9 --- Experiments and Research Findings --- p.85 / Chapter 9.1 --- Experiments on Monitoring and Detection --- p.85 / Chapter 9.1.1 --- Precision and Recall --- p.85 / Chapter 9.1.2 --- Architecture of FKM --- p.86 / Chapter 9.1.3 --- Experiment and Result Analysis --- p.88 / Chapter 9.2 --- Evaluation of Knowledge Management --- p.89 / Chapter 9.2.1 --- Evaluation Design --- p.90 / Chapter 9.2.2 --- Result Analysis --- p.91 / Chapter 10 --- Conclusion and Future Work --- p.94 / Chapter 10.1 --- Conclusion --- p.94 / Chapter 10.2 --- Future Direction --- p.95 / Appendix I A Survey on Investors of Hong Kong --- p.96 / Appendix II Theories on Cross-Market Relation --- p.99 / Appendix III Mathematical Model for Patterns --- p.102 / Bibliography --- p.105

In Chapter 1, we investigate the shareholder and creditor protection and look into the dividend policy implement in the stock market. The investor protection was analyzed based on the China company law and our result shows that the shareholder (creditor) protection is weak (strong) compared with the rest of the world. In China, a firm can issue as many as five different classes of shares: state shares, legal person shares, A-shares, foreign shares and employee shares. Under the weak shareholder protection in China, A-shareholders are categorized to the disadvantage group in corporate structure which demonstrates the classic free-rider problem. With the expertise and knowledge to monitor the management, controlling legal person not only enhance the corporate performance, but also expecting dividend payout as the reward. In our study, we have strong evidence on the legal person share ownership positively related to the dividend payout decision, while the A-shares and state shares ownership are negatively related to the decision on dividend payout. / The Japanese stock market provide a reasonable setting for studying intermediate-horizon price momentum effect, because Japan has the largest equity market aside from the U.S. in terms of both capitalization and number of securities. In Chapter 2, by measuring the relative strength of portfolio on the Japanese market, we found that the price momentum does not exist in the Japanese market. Further, the momentum returns keep always negative on any horizon, which is coherent in keiretsu and non-keiretsu grouping and in different trading volume. The decomposition on the expected average returns of different investment period in Japanese market shows that the price reversals is not capable to overwhelm the losses from the cross-sectional differences in mean returns and cannot yield statistically significant net momentum profits in the Japanese market. / This paper consists of two separate projects: (1) The investor protection and dividend policy in China, (2) Price momentum in Japan. / Wong Chin Pang, Antonio. / "April 2003." / Adviser: Jia He. / Source: Dissertation Abstracts International, Volume: 64-09, Section: A, page: 3413. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (p. 58-50). / Available also through the Internet via Current research @ Chinese University of Hong Kong under title: Essays in international finance (China, Japan) / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

by Po Chun-Wong. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Incldues bibliographical references (leaves 110-113). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / ACKNOWLEDGMENTS --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / The Hong Kong Securities Market --- p.1 / The Way How Listed Securities are Traded --- p.4 / The Low Participation Rate of Individual Investors and Its Adverse Consequences --- p.9 / The Services Provided by Stockbrokers --- p.10 / How Listed Securities are Promoted --- p.10 / Internet and Online Financial Information Services --- p.14 / Online Securities Trading via the Internet --- p.18 / The Pros and Cons of Dealing Securities on the Internet --- p.20 / "The Listed Companies, Stockbrokers and the Hong Kong Stock Exchange's Presence on the Internet" --- p.34 / Chapter II. --- THIS STUDY --- p.38 / Purpose of the Study --- p.38 / Justification of the Study --- p.38 / Scope of the Study ………………… --- p.39 / Chapter III. --- RESEARCH METHODOLOGY --- p.40 / Research Design --- p.40 / Sample Selection --- p.41 / Survey Design --- p.42 / Questionnaire Development --- p.43 / Timing of the Study --- p.43 / Chapter IV. --- ANALYSIS OF FINDINGS --- p.44 / Response Rate --- p.45 / Demographics of the Samples --- p.45 / Stock Trading Behaviour --- p.48 / Computer Usage --- p.53 / Internet and Web Usage --- p.54 / "Data Privacy, Censorship & Security of Transaction" --- p.62 / Attitude of Online Securities Trading --- p.66 / Chapter V. --- LIMITATIONS OF THE STUDY --- p.67 / Non-Response Bias --- p.67 / Response Bias --- p.67 / Sample Selection Bias --- p.69 / Language Used in Questionnaire --- p.69 / Chapter VI. --- COMPARISON OF STUDIES --- p.70 / Hong Kong Internet User Survey 1996 --- p.70 / GVU's 6th WWW User Survey --- p.72 / "Find/SVP's “The American Home Financial Services Survey""" --- p.77 / IntelliQuest Information Group --- p.80 / Chapter VII. --- RECOMMENDATIONS --- p.81 / Market Segmentation --- p.81 / Market Positioning and Strategy --- p.82 / Other Recommendations --- p.88 / Directions for Future Studies --- p.92 / Chapter VIII. --- CONCLUSIONS --- p.94 / APPENDICES --- p.96 / BIBLIOGRAPHY --- p.110