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The determination of B for Hong Kong stock market.

by Liu Tat-luen. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves 68-69. / ABSTRACT --- p.i / ACKNOWLEDGMENT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / LIST OF FIGURES --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / The trend of international diversification in stock investment --- p.1 / Why diversify in international stock investment --- p.2 / Chapter II. --- STUDY OBJECTIVES --- p.8 / Hypothesis --- p.8 / Relevance of Hong Kong case --- p.9 / Research Methodology --- p.10 / Chapter III. --- HOW RISKS ARE MEASURED --- p.12 / Systematic risk and non-systematic risk --- p.12 / Measurement of systematic risk - concept of β --- p.13 / Chapter IV. --- RISK-RETURN RELATIONSHIP --- p.15 / The standard Capital Asset Pricing Model --- p.15 / B in CAPM defined --- p.17 / Chapter V. --- EXTENSION OF CAPM INTERNATIONALLY --- p.19 / Chapter VI. --- SYSTEMATIC AND NON-SYSTEMATIC RISKS IN INTERNATIONAL CAPM CONTEXT --- p.27 / Systematic Risk - International CAPM --- p.27 / Non-systematic risk - International CAPM --- p.29 / Chapter VII. --- THE DETERMINATION OF βHong Kong --- p.31 / Estimating of β by Regression Analysis --- p.31 / Analysis Procedure --- p.32 / Graphical presentation of the data set --- p.34 / The regression Output --- p.35 / Estimation of 3 from the definition --- p.38 / Findings --- p.42 / Chapter VIII. --- USE OF BETA FOR A COUNTRY STOCK MARKET --- p.48 / Chapter IX. --- CONCLUSION --- p.52 / Chapter Appendix 1 --- The Hang Seng Index : 1980-89 --- p.58 / Chapter Appendix 2 --- The Data Set - Hang Seng and World Index (1987-89) --- p.59 / Chapter Appendix 3 --- The Data Set - Hang Seng and World Index (1982-84) --- p.60 / Chapter Appendix 4 --- t - test for the correlation of 3-year regression data --- p.61 / Chapter Appendix 5 --- t - test for the correlation of yearly regression data --- p.63 / Chapter Appendix 6 --- Constraints to International Diversification --- p.66 / BIBLIOGRAPHY --- p.68

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_318534
Date January 1990
ContributorsLiu, Tat-luen., Chinese University of Hong Kong Graduate School. Division of Business Administration.
PublisherChinese University of Hong Kong
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, vi, 69 leaves : ill. ; 30 cm.
CoverageChina, Hong Kong
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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