Some Chinese technology firms prefer to go public on US exchanges despite the launch of ChiNext as a NASDAQ-style board of the Shenzhen Stock Exchange in late 2009. Conventional hypotheses based on sales internationalization and issuing costs fail to explain this preference. Instead, our...

A competing risks hazard model is employed to examine the reasons for Hong Kong's Growth Enterprise Market (GEM) companies transferring to the Main Board (MB) in the period 2000–2012. In our sample during the period 21 companies or 15% of the original stock moved up to the MB. The modal life...

We study the determinants of firms’ post-IPO trajectory in terms of three outcomes: delisting; acquisition with change of corporate control; and acquisition without such change. Our risk assessment models examine some historical and some current information. Variables cover the perspectives of...