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Morck, R., Yeung, B. and Yu, W. (2000) The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements? Journal of Financial Economics, 58, 215-260.

has been cited by the following article:

• TITLE: Trading Hours and Price Efficiency: The Case of Hong Kong

  AUTHORS: Jinghan Cai, Fengyun Li, Xiangyu Lian

  KEYWORDS: Trading Hours, Price Efficiency, Hong Kong Stock Market

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.15, December 7, 2018

  ABSTRACT: This paper studies the impact of trading-hour adjustment in Hong Kong Stock market and how this change affects the price efficiency in Hong Kong stock market. We find that the extended trading hours in Hong Kong results in a significantly negative cumulative abnormal return. Also, both the stock price synchronicity and the price delay decrease significantly, which represents the improvement of the price efficiency.