Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/35454
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dc.contributor.authorChuh, Chee Ming.-
dc.contributor.authorFoo, Joel Chuan Ai Jay.-
dc.contributor.authorShen, Hong Kai.-
dc.date.accessioned2010-04-19T02:41:59Z-
dc.date.available2010-04-19T02:41:59Z-
dc.date.copyright2010en_US
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10356/35454-
dc.description.abstractThe chinese stock markets remain as uncharted territory for the asset growth effect on future stock returns. We test for the firm-level asset growth effects by examining the cross-sectional relation between firm asset growth and subsequent stock returns. We document a significant negative relation between asset growth and future returns for small and medium-sized firms, but a positive and insignificant impact of asset growth on future returns for large companies. In addition, we find that the asset growth effect in China is mainly driven by the stock underperformance following equity issuance. Taken together our findings suggest that there is no substantial asset growth effect in the overall Chinese stock market.en_US
dc.format.extent49 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University-
dc.subjectDRNTU::Business::Finance::Equityen_US
dc.titleAsset growth and the cross-section of stock returns in China.en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorChang Xinen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeBUSINESSen_US
item.grantfulltextrestricted-
item.fulltextWith Fulltext-
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)
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