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
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_323388 |
| Date | January 2001 |
| Contributors | Cheuk, Man Yin., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English, Chinese |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, x, 150 leaves ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong |
| Rights | Use 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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