Xu, Xin; Xia, Yun - In: China journal of accounting research : CJAR 5 (2012) 3, pp. 217-229
In this paper, we describe how Shenzhen A-share listed companies used funds raised in over-financed IPOs during the 2006–2010 period. In exploring the relationship between internal corporate governance and the use of funds raised in over-financed IPOs, we find that the use of such funds to...