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Valuation effect of capital account liberalization: Evidence from the Chinese stock market
This paper examines the valuation effect of capital account liberalization. Using an event study approach and the policy announcement for RMB Qualified Foreign Institutional Investors (short for RQFII) as the event date, we find that overall, the stock market responded positively to the capital acco...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7214332/ https://www.ncbi.nlm.nih.gov/pubmed/32398887 http://dx.doi.org/10.1016/j.jimonfin.2020.102208 |