Long, Wen; Mok, Henry M.K.; Hu, Yan; Wang, Huiwen - In: Pacific-Basin Finance Journal 17 (2009) 2, pp. 224-242
By applying symbolic principal component analysis (SPCA) to 10Â years (1996-2005) of interquartile data, we find that two factors--corporate style and corporate performance--parsimoniously characterize the innate structure of the Chinese stock markets. Further analysis shows that the seemingly...