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Keywords: Long-term demand curves
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Journal Articles
Journal:
Critical Finance Review
Critical Finance Review (2024) 13 (1-2): 225–264.
Published: 14 February 2024
...Clark Liu; Baolian Wang This paper uses China’s Split-Share Structure Reform to study the slope of long-term demand curves. The reform increased local A-share float but did not affect foreign B-share float. Across firms, larger increases in A-share float lead to larger decreases in A-share price...
Includes: Supplementary data
