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Does the stock market boost firm innovation? : evidence from Chinese firms

He, Hui; Li, Hanya; Zhang, Jinfan - 2017

The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO) using uniquely matched Chinese firm-level data. We find that IPOs lead to an increase in both the quantity and quality of firm innovation activity. In addition, IPOs expand a...

Persistent link: https://www.econbiz.de/10011704926

Benefits of Compliance with Securities Listing Standards : Evidence From the Depository Receipt Market

Sarr, Abdourahmane - 2001

The paper finds that costs of implementing stringent securities listing standards may exceed benefits. Depository receipts, a growing source of international equity financing, differ in types by the reporting and disclosure standards issuing firms are required to meet. For lower levels of...

Persistent link: https://www.econbiz.de/10014403625

Ipo Behavior in Gcc Countries : Goody-Two Shoes or Bad-To-The-Bone?

International Monetary Fund - 2007

This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between 2001 and 2006 in the equity markets of the six Gulf Cooperation Council (GCC) countries. The average initial abnormal returns of 290 percent exceed those found in the...

Persistent link: https://www.econbiz.de/10014400128

Debt, taxes, and banks

Keen, Michael; Mooij, Ruud de - 2012

Persistent link: https://www.econbiz.de/10009572532

Bank capital adequacy in Australia

Jang, Byung K.; Sheridan, Niamh - 2012

The paper finds that, given Australia's conservative approach in implementing the Basel II framework, Australian banks' headline capital ratios underestimate their capital strengths. Given their high capital quality and the progress in their funding profiles since the global financial crisis,...

Persistent link: https://www.econbiz.de/10009423924

Bank funding structures and risk : evidence from the global financial crisis

Vázquez, Francisco; Federico, Pablo - 2012

This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies … the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and …-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …