The evolution of China's banking system: bank loan announcements 1996-2009

被引：9

作者：

Gan, Christopher ^{[1
]}

Zhang, Yuan ^{[1
]}

Li, Zhaohua ^{[1
]}

Cohen, David A. ^{[2
]}

机构：

[1] Lincoln Univ, Fac Commerce, Dept Accounting Econ & Finance, Canterbury, New Zealand

[2] Lincoln Univ, Fac Commerce, Dept Business Management Law & Mkt, Canterbury, New Zealand

来源：

ACCOUNTING AND FINANCE | 2014年 / 54卷 / 01期

关键词：

Bank loan announcement; Market response; Chinese banking system; Abnormal returns; MARKET RESPONSE; INFORMATION ASYMMETRY; PUBLIC DEBT; OWNERSHIP; MATURITY; PERFORMANCE; INCENTIVES; PRIVATE; FOREIGN; PRICES;

D O I：

10.1111/j.1467-629X.2012.00493.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates China's evolving banking systems from 1996 to 2009 by testing the market response to bank loan announcements in the China. The results show a significant negative market response to bank loan announcements in the Chinese financial market for the sample period 1996-2004. However, after a series of reforms in the Chinese banking system, the significantly negative market response to bank loan announcements disappears for the sample period 2005-2009.

引用

页码：165 / 188

页数：24

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