We examine the dynamic adjustment of cash holdings of publicly traded Chinese firms over the period 1998-2006. The empirical evidences are supportive of the dynamic trade-off theory of cash holdings. Importantly, there is strong evidence to support asymmetric adjustments. That is, the...

The study of the day-of-the-week-effect for A shares and B shares traded on Shanghai and Shenzhen stock exchanges show that average monday returns from A shae indexes are significantly negative during the third and fourth weeks. However, average tusday returns on most A and B share indexes are...