Dong Chi, Dong Chi
(2016)
Intra-Industry Information Diffusion
In China Stock Market.
PhD thesis, Universiti Sains Malaysia.
Abstract
Di bawah andaian Hipotesis Pasaran Cekap (EMH), harga saham secara
keseluruhannya mencerminkan kesemua maklumat yang ada. Oleh itu, maklumat
tersebar dengan serta-merta dalam pasaran yang sempurna dan tidak terhalang.
Walau bagaimanapun, beberapa halangan akan wujud dalam proses penyebaran
maklumat dalam pasaran kewangan.
Under the assumption of Efficient Market Hypothesis (EMH), stock prices
completely reflect all commonly available information. Consequently, information
instantly diffuses in a complete and frictionless market. However, a few frictions
usually appear on the process of information diffusion in real financial market
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