Coal Enterprise Management and Asynchronism of Return

Kenan Qiao

Papers from arXiv.org

Abstract: For researching the association between coal enterprise management and return in financial market, this paper applies the method of time difference relevance and PageRank method to seek the leader-index of a stock set containing 21 coal enterprises in A-share market and score those stocks. Based on the return in 2011, the asynchronism of the return series is revealed and presents a hierarchical structure of our stock set. Finally, we compare the result with the firm-level variables and discuss the relation between them. The results show that those large coal enterprises with a good management condition always present an antecedence of stock return; there is a significant positive association between company scale and the score given by PageRank method.

Date: 2012-11
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/1211.2754 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1211.2754

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().