Jin, Zhi; Zhang, Liguang; Xin, Qingquan - In: China journal of accounting studies 8 (2020) 2, pp. 272-297
Using the high-speed rail opening of each city in China as a natural experiment, we apply the difference …. We find that after high-speed rail runs through a city, the number of local company going public increases significantly …, and the approval probability of going public is improved significantly. Further mechanism analysis shows that the high-speed …