{"id":458662,"date":"2010-03-22T10:34:00","date_gmt":"2010-03-22T14:34:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:411011"},"modified":"2010-03-22T10:34:00","modified_gmt":"2010-03-22T14:34:00","slug":"adding-china-to-name-leads-to-outperformance","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/458662","title":{"rendered":"Adding &#8216;China&#8217; to name leads to outperformance"},"content":{"rendered":"<p>Attention, CEOs. The simplest way to give your stock a boost may be to <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748704534904575131700104302706.html\" >add the word China<\/a> to your company name. Wei Wang, a finance professor at Queen\u2019s University in Kingston, Ont., studied the returns of 82 companies that have adopted names containing \u201cChina\u201d since late 2006. He found that the average stock in his study outperformed the market by 31 percentage points in the 40 trading days that spanned the name change.<\/p>\n<p>As Jason Zweig of the Wall Street Journal notes, \u201cthis is far from the first time that investors have fallen under the spell of greed-by-association.\u201d <\/p>\n<p>According to Zweig, companies that added \u201c.com\u201d to their names outperformed other technology companies by an average of 53 percentage points during the heyday of the Internet bubble in1998 and 1999. More recently, as oil prices surged between 2004 and 2007, companies in Canada and the United States that added \u201cOil\u201d or \u201cPetroleum\u201d to their names received an instant 8% boost to their stock performance.<\/p>\n<p><i>Freelance business journalist <b>Ian McGugan<\/b> blogs for the Financial Post<\/i> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=411011\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attention, CEOs. The simplest way to give your stock a boost may be to add the word China to your company name. Wei Wang, a finance professor at Queen\u2019s University in Kingston, Ont., studied the returns of 82 companies that have adopted names containing \u201cChina\u201d since late 2006. He found that the average stock in [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-458662","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/458662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=458662"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/458662\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=458662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=458662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=458662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}