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dc.contributor.authorQing, C.en
dc.contributor.authorGan, Christopheren
dc.contributor.authorLi, Zhaohuaen
dc.date.accessioned2011-11-30T21:29:28Z
dc.date.available2011-05-18en
dc.date.issued2011-06en
dc.identifier.citationChen, Q., Gan, C., & Li, Z. (2011). An empirical analysis of the effects of market response to bank loan announcements in Hong Kong Stock Market. Journal of Banking Regulation, 12, 210–226. doi:10.1057/jbr.2011.6en
dc.identifier.issn1745-6452en
dc.identifier.urihttps://hdl.handle.net/10182/4067
dc.description.abstractThis research extends the study of Boscaljon and Ho and test the effect of market response to bank loan announcement in the Hong Kong banking market after the 1997 Asian crisis. The study also investigates whether bank is still special in the financial market by comparing the market response to bank loan announcement and non-bank loan announcement. Finally, the study examines how loan characteristics influence the market response to bank loan announcement. The main findings of our study are consistent with the previous results documented for the US, Canada and Hong Kong markets, and further confirm the uniqueness of banks in the financial market. Moreover, we find that market response is significant positively related to borrower's debt ratio, and there is also a strong evidence of information leakage problem for non-bank loan announcements in the Hong Kong stock market.en
dc.format.extent210-226en
dc.language.isoenen
dc.publisherMacMillan Publishers Ltden
dc.relationThe original publication is available from - MacMillan Publishers Ltd - https://doi.org/10.1057/jbr.2011.6 - https://link.springer.com/article/10.1057/jbr.2011.6en
dc.relation.urihttps://doi.org/10.1057/jbr.2011.6en
dc.rightsCopyright © 2011 Palgrave Macmillanen
dc.subjectbank loan announcementsen
dc.subjectabnormal returnsen
dc.subjectevent studiesen
dc.subjectinformation assymmetryen
dc.titleAn empirical analysis of the effects of market response to bank loan announcements in Hong Kong stock marketen
dc.typeJournal Article
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Financial and Business Systemsen
lu.contributor.uniten
lu.contributor.uniten
dc.identifier.doi10.1057/jbr.2011.6en
dc.subject.anzsrc1502 Banking, Finance and Investmenten
dc.subject.anzsrc1801 Lawen
dc.relation.isPartOfJournal of Banking Regulationen
pubs.issue3en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/2018 PBRF Staff group
pubs.publication-statusPublisheden
pubs.publisher-urlhttps://link.springer.com/article/10.1057/jbr.2011.6en
pubs.volume12en
dc.identifier.eissn1750-2071en
lu.identifier.orcid0000-0002-4732-7997
lu.identifier.orcid0000-0002-5618-1651


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