Ownership restrictions and stock-price behavior in China

Kam C. Chan; Louis T.W. Cheng; Joseph K W FUNG

doi:10.4324/9781315499215

Ownership restrictions and stock-price behavior in China

Kam C. Chan, Louis T.W. Cheng, Joseph K W FUNG

Research output: Chapter in book/report/conference proceeding › Chapter › peer-review

Abstract

Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.

Original language	English
Title of host publication	Financial Markets and Foreign Direct Investment in Greater China
Publisher	Routledge
Pages	115-136
Number of pages	22
ISBN (Electronic)	9781315499208
ISBN (Print)	0765608049, 9780765608048
DOIs	https://doi.org/10.4324/9781315499215
Publication status	Published - 1 Jan 2016

Scopus Subject Areas

Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)
Arts and Humanities(all)

Access to Document

10.4324/9781315499215

Cite this

@inbook{8c0ebcc497214b3f89dffb45d0f41865,

title = "Ownership restrictions and stock-price behavior in China",

abstract = "Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergstr{\"o}m, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.",

author = "Chan, {Kam C.} and Cheng, {Louis T.W.} and FUNG, {Joseph K W}",

year = "2016",

month = jan,

day = "1",

doi = "10.4324/9781315499215",

language = "English",

isbn = "0765608049",

pages = "115--136",

booktitle = "Financial Markets and Foreign Direct Investment in Greater China",

publisher = "Routledge",

}

TY - CHAP

T1 - Ownership restrictions and stock-price behavior in China

AU - Chan, Kam C.

AU - Cheng, Louis T.W.

AU - FUNG, Joseph K W

PY - 2016/1/1

Y1 - 2016/1/1

N2 - Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.

AB - Many stock markets have or used to have such restrictions. According to Eun and Janakiramanan (1986), foreign investors were only allowed to purchase a limited number of shares of a firm in Finland, France, India, Indonesia, South Korea, Mexico, Spain, and Sweden. In Australia, Canada, Japan, Malaysia, and Norway, limited foreign ownership was employed in selective industries. In addition, Bergström, Rydqvist, and Sellin (1993) reported that a capital-outflow constraint limiting the amount of capital that domestic investors could export was enforced in the United Kingdom until 1979, and in Sweden until 1989. In Ireland, the capital-outflow constraint was still in effect in 1993.

UR - https://www.taylorfrancis.com/chapters/edit/10.4324/9781315499215-9/ownership-restrictions-stock-price-behavior-china-kam-chan-louis-cheng-joseph-fung?context=ubx&refId=5dc640af-6cd3-4c22-a701-99eabe95f356

UR - https://www.routledge.com/Financial-Markets-and-Foreign-Direct-Investment-in-Greater-China/Fung-Zhang/p/book/9780765608048?_gl=1*168yqkk*_ga*NjUxNzc2MDY3LjE3MDAyMTA2NTQ.*_ga_0HYE8YG0M6*MTcwMDIxMDY1Ni4xLjEuMTcwMDIxMDgzMi4wLjAuMA..

UR - http://www.scopus.com/inward/record.url?scp=85069590718&partnerID=8YFLogxK

U2 - 10.4324/9781315499215

DO - 10.4324/9781315499215

M3 - Chapter

AN - SCOPUS:85069590718

SN - 0765608049

SN - 9780765608048

SP - 115

EP - 136

BT - Financial Markets and Foreign Direct Investment in Greater China

PB - Routledge

ER -

Ownership restrictions and stock-price behavior in China

Abstract

Scopus Subject Areas

Access to Document

Other files and links

Fingerprint

Cite this