Su, Yuli; Yip, Yewmun - In: Global Business and Economics Review 9 (2007) 1, pp. 38-61
The purchase of Hang Seng Index component stocks by the Hong Kong government has an immediate effect of reducing the daily trading volume for the 33 stocks involved, which, in turn, leads to a reduction in volatility in the stock market. However, once we account for the effect of a decline in...
