Xu Zhi. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 61-62 (2nd gp.)). / Abstracts in English and Chinese. / ABSTRACT --- p.II / 中文摘要 --- p.V / ACKNOWLEDGEMENT --- p.XI / Chapter CHAPTER 1 --- INTRODUCTION --- p.1 / Chapter CHAPTER 2 --- VALUE OR GROWTH STOCK? --- p.6 / Chapter 2.1 --- Summary Statistics: Financial Ratios of h Shares --- p.7 / Chapter 2.1.1 --- Profitability analysis --- p.7 / Chapter 2.1.2 --- Debt Structure --- p.9 / Chapter 2.1.3 --- Operational Management --- p.11 / Chapter 2.2 --- Corporate Identity: Value or Growth Stock? --- p.11 / Chapter 2.2.1 --- Are H Shares Value Stocks? --- p.12 / Chapter 2.2.2 --- Are H Shares Growth Stocks? --- p.12 / Chapter 2.3 --- Summary --- p.13 / Chapter CHAPTER 3 --- THE METHODOLOGY OF EVENT STUDIES --- p.14 / Chapter 3.1 --- Brief Outline of an Event Study --- p.15 / Chapter 3.2 --- Issues on Event Studies --- p.17 / Chapter 3.2.1 --- Unknown Event Dates --- p.17 / Chapter 3.2.2 --- Which is the best benchmark model for the normal return? --- p.18 / Chapter 3.2.3 --- Hypothesis testing and problems with heteroskedasticity and dependence --- p.21 / Chapter 3.2.4 --- A multivariate regression model (MVRM) employed in the event study --- p.24 / Chapter 3.2.5 --- Measuring long horizon security price performance --- p.26 / Chapter 3.2.6 --- Use daily return or monthly return in event study? --- p.27 / Chapter CHAPTER 4 --- ARE H SHARES WANTED: DEAD OR ALIVE? --- p.28 / Chapter 4.1 --- Definitions of Events --- p.28 / Chapter 4.2 --- Sample and Estimation Procedures --- p.30 / Chapter 4.2.1 --- Sample Selection --- p.30 / Chapter 4.2.2 --- Estimation Procedures --- p.30 / Chapter 4.3 --- Empirical Results of Good and Bad Earnings Announcements --- p.31 / Chapter 4.3.1 --- Short Term Effects on Securities Prices --- p.31 / Chapter 4.3.2 --- Long Term Post-Earnings-Announcement Drifts --- p.34 / Chapter 4.3.3 --- Regression Analysis --- p.35 / Chapter 4.3.3.1 --- REGRESSION RESULTS FOR GOOD EARNINGS ANNOUNCEMENTS --- p.37 / Chapter 4.3.3.2 --- REGRESSION RESULTS FOR BAD EARNINGS ANNOUNCEMENTS --- p.38 / Chapter 4.3.4 --- Summary --- p.39 / Chapter 4.4 --- Empirical Results of Good and Bad News --- p.40 / Chapter 4.5 --- "Empirical Results of SEO, M&A and New Projects" --- p.41 / Chapter 4.5.1 --- Summary --- p.42 / Chapter CHAPTER 5 --- A PRACTICAL CORPORATE GOVERNANCE FOR H SHARES --- p.43 / Chapter 5.1 --- Problems Corporate Governance Deals with --- p.45 / Chapter 5.1.1 --- The Agency Problem --- p.45 / Chapter 5.1.2 --- Management Discretion --- p.46 / Chapter 5.2 --- Solutions to the Problems --- p.46 / Chapter 5.2.1 --- Incentive Contracts --- p.46 / Chapter 5.2.2 --- Large Investors --- p.47 / Chapter 5.2.3 --- Debt Choice --- p.49 / Chapter 5.3 --- Corporate Governance for H Shares: a Practical Framework --- p.50 / Chapter 5.3.1 --- Essential Elements of Good Corporate Governance --- p.51 / Chapter 5.3.2 --- Summary : A Practical Framework of Good Corporate Governance --- p.53 / Chapter CHAPTER 6 --- CONCLUSIONS --- p.58 / REFERENCE --- p.61 / APPENDIX OF TABLES --- p.63 / APPENDIX OF FIGURES --- p.64
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_323413 |
| Date | January 2001 |
| Contributors | Xu, Zhi., 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, xi, 64, [25] leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, China |
| 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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