We study the short-run and long-run performance of Chinese privatization initial public offerings (PIPOs), using data for 340 and 409 new issues on the Shanghai and Shenzhen Stock Exchanges respectively, from 1 January 1996 through 31 December 1997. The average market-adjusted initial return is...

"This book presents an international treatment of corporate governance, supported by relevant regulation and case studies. Ideal for undergraduate and postgraduate students of business, management, finance, accountancy and law"--