Wu, Xihao; Zhang, Di; Wu, Zhongxin - In: China journal of accounting research : CJAR 17 (2024) 1, pp. 1-22
Whether registration system reform (RSR) can curb administrative intervention and create a fair market environment has … issuance system from approval system to registration system; this change makes it easier for them to obtain IPO approval …, indicating that private enterprise owners perceive the registration channel to be fairer. Fourth, the effect of RSR on IPO …