published_or_final_version / Economics and Finance / Master / Master of Economics

by Chan Ping Kei Patrick & Sun Fuk Cheung, Admiral. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leave 40). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / Chapter / Chapter I. --- INTRODUCTION & BACKGROUND --- p.1 / Chapter 1.1 --- Objectives of our study --- p.2 / Chapter 1.2 --- Category of Red Chips --- p.3 / Chapter 1.3 --- "A, B and H shares compared" --- p.4 / Chapter II. --- METHODOLOGY --- p.8 / Chapter 2.1 --- Period of study --- p.10 / Chapter 2.2 --- Redchip Index (RCI) --- p.11 / Chapter 2.3 --- Share price return --- p.12 / Chapter 2.4 --- Initial Public Offering (IPO) --- p.13 / Chapter 2.5 --- Estimating Betas --- p.14 / Chapter 2.6 --- P/E comparison --- p.15 / Chapter III. --- RESULTS --- p.16 / Chapter 3.1 --- Background information --- p.16 / Chapter 3.2 --- Empirical analysis --- p.18 / Chapter 3.3 --- Share price return --- p.20 / Chapter 3.4 --- Performance of new issues in 1993 --- p.21 / Chapter 3.4.1 --- General trends --- p.21 / Chapter 3.4.2 --- Seasoning effect --- p.24 / Chapter 3.5 --- Beta estimation --- p.27 / Chapter 3.6 --- P/E comparison --- p.28 / Chapter 3.7 --- China factors --- p.28 / Chapter IV. --- THE VIEW OF PRACTITIONERS --- p.30 / Chapter V. --- CONCLUSION --- p.31 / APPENDIX --- p.32 / BIBLIOGRAPHY --- p.40

by Leung Wing-keung, Edward, Wong Tai-chung, Ivan. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1991. / Bibliography: leaves 98-99. / Chapter CHAPTER I --- INTRODUCTION --- p.1 / OBJECTIVE OF THE STUDY --- p.2 / INDEXES --- p.2 / World Index --- p.3 / Industrial Indexes --- p.3 / Effective (Trade Weighted) Exchange. Rate Index --- p.4 / SRH Political/Economic Confidence Index --- p.4 / Average Consumer Price Index --- p.5 / Chapter CHAPTER II --- LITERATURE REVIEW --- p.6 / Domestic Versus International Factors --- p.6 / Currency Factors --- p.11 / Market Correlation --- p.19 / Conclusion --- p.22 / Chapter CHAPTER III --- METHODOLOGY --- p.24 / Portfolio construction --- p.25 / Industrial sectors --- p.26 / Indexes --- p.26 / Data Smoothing --- p.27 / Measure of Individual Stock Return --- p.28 / Regression --- p.30 / Simple Linear Regression --- p.30 / Multiple Linear Regression --- p.30 / Correlation --- p.31 / Chapter CHAPTER IV --- DATA COLLECTION --- p.32 / World Index --- p.32 / Industry Indexes --- p.32 / Effective (Trade-weighted) Exchange Rate Index (EERI) --- p.33 / SRH Political/Economic Confidence Index --- p.33 / Consumer Price Indexes --- p.33 / Return of Stocks --- p.33 / Chapter CHAPTER V --- STATISTICAL FINDINGS --- p.35 / Correlation of the Indexes and Stock Returns --- p.35 / World Index and Industry Indexes --- p.36 / World Index and Average CPI --- p.36 / Industry Indexes and Average CPI --- p.37 / Banking Portfolio --- p.38 / Financial Services --- p.39 / Textile & Apparel --- p.42 / Real Estates --- p.44 / Simple Regression --- p.47 / International Versus Domestic Factors --- p.47 / Individual Factors --- p.48 / Chapter CHAPTER VI --- CONCLUSION --- p.69 / Banking --- p.70 / Finance --- p.70 / Textile and Apparel --- p.70 / Real Estates --- p.71 / Chapter CHAPTER VII --- RECOMMENDATION FOR FURTHER RESEARCH --- p.72 / APPENDICES / Chapter APPENDIX 1 --- The Composition of Effective (Trade- weighted) Exchange Rate Index --- p.74 / Chapter APPENDIX 2 --- Method of Compilation of EERI --- p.75 / Chapter APPENDIX 3 --- Method of Compilation of SRH Confidence Indexes --- p.76 / Chapter APPENDIX 4 --- Weights for The New Consumer Price Indexes By Section of Commodities / Services --- p.78 / Chapter APPENDIX 5 --- Composition of The portfolios --- p.79 / Chapter APPENDIX 6 --- SRH Confidence Indexes --- p.81 / Chapter APPENDIX 7 --- SPSS Multiple Regression Results (Banking Portfolio) --- p.82 / Chapter APPENDIX 8 --- SPSS Multiple Regression Results (Financial Services Portfolio) --- p.86 / Chapter APPENDIX 9 --- SPSS Multiple Regression Results (Textile & Apparel Portfolio) --- p.90 / Chapter APPENDIX 10 --- SPSS Multiple Regression Results (Real Estates Portfolio) --- p.94 / BIBLIOGRAPHY --- p.98

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Business Administration / Master / Master of Business Administration

by Ho Wai Wa. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 87-92). / TABLE OF CONTENTS --- p.ii / LIST OF TABLES --- p.iii / ACKNOWLEDGMENT --- p.iv / ABSTRACT --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- NOISE TRADING --- p.8 / Chapter III. --- FEEDBACK TRADING FOR ASSET RETURNS --- p.19 / Chapter A. --- The Feedback Trading Model --- p.19 / Chapter B. --- Review of the Models for the Stock Return Distribution --- p.27 / Chapter C. --- A Testable Model --- p.34 / Chapter D. --- other Sources of Serial Correlation --- p.36 / Chapter E. --- Other Sources of ARCH Effect --- p.38 / Chapter IV. --- ESTIMATION OF THE FEEDBACK TRADING MODEL --- p.42 / Chapter A. --- Data Description --- p.42 / Chapter B. --- Estimation --- p.47 / Chapter 1. --- Base Model --- p.47 / Chapter 2. --- The Feeding Trading Model --- p.52 / Chapter C. --- Implications for Feedback Trading --- p.70 / Chapter V. --- MEASURING THE IMPACT OF NOISE TRADING --- p.73 / Chapter VI. --- CONCLUSION --- p.81 / BIBLIOGRAPHY --- p.87

by Sze Kin Wan. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 69-75). / Abstract also in Chinese. / ACKNOWLEDGMENTS --- p.iii / LIST OF TABLES --- p.iv / LIST OF ILLUSTRATIONS --- p.v / CHAPTER / Chapter ONE --- INTRODUCTION --- p.1 / Chapter TWO --- REVIEW OF THE LITERATURE --- p.7 / Stock Returns and Trading Volume / Volatility / Chapter THREE --- ECONOMETRIC ANALYSIS --- p.16 / Unit Root Tests / Lag Length Tests / Causality Detection between Two Series / ARCH Modelling / Chapter FOUR --- DATA AND ESTIMATION RESULTS --- p.34 / Data / Unit Root Test / Optimal Lag Length / Causality Detection / GARCH Modelling / Chapter FIVE --- CONCLUSION --- p.62 / APPENDIX --- p.67 / BIBLIOGRAPHY --- p.69 / ILLUSTRATIONS --- p.76

published_or_final_version / Economics / Master / Master of Social Sciences

by Ko Shuk Yin, Yim Kok Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves [39-41]). / ACKNOWLEDGEMENTS --- p.i / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / Chapter / Chapter I. --- INTRODUCTION AND OBJECTIVE --- p.1 / Introduction --- p.1 / Objective --- p.2 / Chapter II. --- LITERATURE REVIEW --- p.4 / Rationale for Takeovers --- p.4 / From the shareholders' standpoint --- p.4 / From the managers' standpoint --- p.7 / Empirical Literature Review --- p.9 / Overview --- p.9 / Target Firm Stockholder Returns --- p.12 / Bidding Firm Stockholder Returns --- p.13 / Chapter III. --- METHODOLOGY --- p.16 / Data --- p.16 / Hypothesis To Be Tested --- p.17 / Methodology --- p.17 / Chapter IV. --- EMPIRICAL RESULTS --- p.21 / An Overview --- p.21 / Interpretation --- p.24 / Stock price movement --- p.24 / Information leakage --- p.27 / Hubris hypothesis --- p.27 / Mode of payment --- p.28 / Number of bidders --- p.29 / Chapter V. --- LIMITATIONS AND RECOMMENDATIONS --- p.30 / Limitations --- p.30 / Recommendations --- p.31 / APPENDICES / BIBLIOGRAPHY

by Tse Wai Wing. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaves 82). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / ACKNOWLEDGEMENTS --- p.vi / Chapter / Chapter I. --- INTRODUCTION / Scope and Objective of Study --- p.1 / Methodology --- p.3 / Review of Past Research --- p.4 / Plan of the Report --- p.5 / Chapter II. --- OVERVIEW OF VALUATION METHODS / Earnings Per Share --- p.6 / Earnings Growth --- p.7 / Return On Investment --- p.7 / Return On Equity --- p.7 / Return On Equity Spread --- p.8 / Chapter III. --- RESEARCH METHODOLOGY / Introduction --- p.10 / Economic Value Added --- p.11 / Market Value Added --- p.15 / Cost of Capital --- p.16 / Valuation Process --- p.20 / Assumptions and Limitations --- p.22 / Chapter IV. --- ANALYSIS OF FINDINGS / Cost of Capital --- p.24 / MVA Rank --- p.28 / Regression Analysis of MVA Vs Other Measures --- p.40 / Predictability of Performance of MVA --- p.41 / Chapter V. --- CONCLUSIONS --- p.44 / APPENDIX / Calculation of MVA and EVA --- p.46 / BIBLIOGRAPHY --- p.82