search query: @indexterm stock exchanges / total: 536
reference: 259 / 536
| Author: | Mok, H. M. K. Lam, K. Cheung, I. |
| Title: | Family control and return covariation in Hong Kong's common stocks. |
| Journal: | Journal of Business Finance and Accounting
1992 : JAN, VOL. 19:2, p. 277-293 |
| Index terms: | CONTROL MARKET STRUCTURE STOCK RETURNS STOCK EXCHANGES HONG KONG |
| Language: | eng |
| Abstract: | Apart from the overall market effect, industry and family control are critical extra-market sources of stock return covariation in Hong Kong, with covariation (1) stronger within than between family groups, and (2) stronger within family than industry groups. 'Owners' of publicly listed corporations , especially among Chinese family groups , actively exercise their control through a tight network of iterlocking directorates and stock holdings. Such control seems to have a more potent influence on return covariation than mere common family. |
SCIMA