What drives regional differences in the stock market wealth effect in China?
Wenfeng Wu,
Chongfeng Wu and
Oliver Rui
Applied Economics Letters, 2012, vol. 19, issue 12, 1157-1160
Abstract:
This article investigates the determinants of stock market wealth effect across regions. Using panel data from China, we find that the stock market wealth effect is more prevalent in regions with more stockholders, regions in which households have higher levels of stock ownership and regions in which households have lower incomes.
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:19:y:2012:i:12:p:1157-1160
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DOI: 10.1080/13504851.2011.617679
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