In the literature, information asymmetry and valuation uncertainity are always referred to the important concerns for a firm to choose an initial public offering (IPO) allocation procedure. The new emerging stock market of China is a unique trial place as it has possibly practiced three pairs of...

The purpose of this study is to investigate a causal relationship among five different indices of shares issued by Chinese firms, A-, B- and H-shares listed in China and Hong Kong. This article re-examines the interactions among these China-related stocks using daily time series data by...