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- W1977622453 abstract "We examine the patterns of information flows within and across sectors of the two Chinese stock exchanges in Shanghai and Shenzhen during 1994–2001. Using the generalized forecast error variance decomposition, we find a high degree of interdependence, indicating that the sectors are highly integrated and sector prices reflect information from other sectors. Industry is the most influential sector in both exchanges, while Finance in Shenzhen is the least integrated with other sectors. Implications of the findings for investors and policymakers are also discussed." @default.
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- W1977622453 date "2005-09-01" @default.
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- W1977622453 title "Information flows within and across sectors in Chinese stock markets" @default.
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- W1977622453 doi "https://doi.org/10.1016/j.qref.2003.08.001" @default.
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