Guo, Haifeng; Brooks, Robert - In: International review of financial analysis 18 (2009) 5, pp. 239-249
This paper estimates the duration from offering to listing of Chinese A-share IPOs issued from 1994 to 2005. We firstly compare the effects of the two issuing systems on the length of this duration and find that the waiting time to listing has been shortened greatly after the Approval System is...