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Concentrated stock ownership and price-leading-earnings effect in East Asia.

Zheng Ying. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (leaves 43-45). / Abstracts in English and Chinese. / Chapter CHAPTER 1 --- INTRODUCTION --- p.1 / Chapter CHAPTER 2 --- LITERATURE REVIEW --- p.6 / Chapter 2.1 --- Ownership structure in East Asia --- p.6 / Chapter 2.2 --- Price-leading-earnings effect --- p.9 / Chapter 2.3 --- Cross-sectional variation in price-leading-earnings effect --- p.12 / Chapter 2.4 --- informativeness of accounting earnings in east asia --- p.15 / Chapter 2.5 --- Corporate governance structure and informativeness of accounting earnings --- p.17 / Chapter CHAPTER 3 --- DEVELOPMENT OF HYPOTHESIS --- p.22 / Chapter CHAPTER 4 --- "SAMPLE, DATA, AND THE DEFINITIONS OF VARIABLES" --- p.25 / Chapter 4.1 --- Financial statement and stock price data --- p.25 / Chapter 4.2 --- Ownership structure data --- p.26 / Chapter 4.3 --- Descriptive statistics --- p.27 / Chapter CHAPTER 5 --- RESEARCH DESIGN --- p.30 / Chapter CHAPTER 6 --- EMPIRICAL RESULTS --- p.34 / Chapter 6.1 --- Main results --- p.34 / Chapter 6.2 --- Sensitivity Tests --- p.36 / Chapter 6.2.1 --- Controlling for firm-specific factors --- p.36 / Chapter 6.2.2 --- Year-by-year tests --- p.39 / Chapter 6.2.3 --- Exclusion of observations from Japan --- p.40 / Chapter CHAPTER 7 --- CONCLUSION --- p.41 / REFERENCES --- p.43 / TABLES --- p.46 / TABLE 1 Sample Selection --- p.46 / "TABLE 2 Descriptive Statistics (5,519 Observations for Nine East Asian economies)" --- p.47 / TABLE 3 Mean (Median) of the Variables by Economy --- p.48 / TABLE 4 Pearson Correlation (lower) and Spearman Correlation (upper) (p-value) --- p.50 / TABLE 5 Regression of Current Returns on Current Earnings and Interaction with Ownership Structure (5519 observations for Nine East Asian economies) --- p.52 / TABLE 6 Regression of Current Returns on Aggregated Current and Future Earnings and Interaction with Ownership Structure (5519 observations for Nine East Asian economies) --- p.54 / TABLE 7 Regression of Current Returns on Aggregated Current and Future Earnings and Interaction with Ownership Structure for the Determinants of Earnings Response Coefficients and the Sign of the Dependent Variable............. --- p.56 / TABLE 8 Regression of Current Returns on Aggregated Current and Future Earnings and Interaction with Ownership Structure by year For Nine East Asian Economies --- p.59 / TABLE 9 Regression of Current Returns on Aggregated Current and Future Earnings and Interaction with Ownership Structure (1787 observations for Eight Asian economies-exclude Japan) --- p.61

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_324411
Date January 2003
ContributorsZheng, Ying., Chinese University of Hong Kong Graduate School. Division of Business Administration.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatprint, v, 62 leaves : ill. ; 30 cm.
CoverageEast Asia, East Asia
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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