| dc.contributor.author | Nguyễn Thúy, Nga | |
| dc.date.accessioned | 2014-03-25T07:01:43Z | |
| dc.date.accessioned | 2018-06-07T01:59:45Z | |
| dc.date.available | 2014-03-25T07:01:43Z | |
| dc.date.available | 2018-06-07T01:59:45Z | |
| dc.date.issued | 2013 | |
| dc.identifier.uri | http://10.8.20.7:8080/xmlui/handle/123456789/920 | |
| dc.description.abstract | The focus of this research is on the effect of free-float in Vietnam‘s stock
market in-order to examine its effect on stock price. We adopt an empirical analysis
to show statistical evidence that low free-float is a major factors driving the stock market liquidity, in particular the liquidity of the VN-Index.
In addition, when comparing with the new market index, VN30 Index, we can draw the following conclusions:
The low free float does affect the stock price and stock liquidity,
VN30 Index—an index of large cap—out-performed the VN Index not because of being free-float adjusted; but due to VN Index negative correlation with the small-capitalization and mid-capitalization.
Our recommendations are:
The free-float adjusted indices are better reflect of the stock market
We can practically replicate and trade VN30. It is virtually, impossible to replicate VN-Index in real-life | en_US |
| dc.description.sponsorship | Dr. Ho Diep | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | International University HCMC, Vietnam | en_US |
| dc.relation.ispartofseries | ;022001113 | |
| dc.subject | Stock price | en_US |
| dc.title | An Analysis of Free Float, Liquidity, and Stock Price in Viet Nam- The Case of Free Float Adjusted VN30 versus the unadjusted VNINDEX | en_US |
| dc.type | Thesis | en_US |
