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Author:Zhao, Yulong
Wang, Zhitai
Title:Utilitarian studies on " function locked" in China's stock market (original in Chinese)
Journal:Economic Research Journal (c)
1999 : 9, p.56-63
Index terms:STOCK MARKETS
CHINA
Language:chn
Abstract:No matter whether informational studies' design or price-counting's one, it shows China's stock market only mechanical reacted on nominal EPS's price but not distinguished economic sense of permanent surplus content in EPS. The studies show it is not suit for hypothesis of half-strength efficiency and has function locked.
SCIMA record nr: 209508
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