Yin, Haiyan; Yang, Jiawen; Mehran, Jamshid - In: Managerial Finance 41 (2015) 4, pp. 368-384
Purpose – As part of the banking reform, major commercial banks in China went through initial public offerings (IPOs) in the past two decades. Has this change in the ownership structure led to improvement in their performance? With a comprehensive data set of Chinese banks over 1999-2010, the...