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Fund ownership and stock price informativeness of Chinese listed firms
Ding, Rong; Hou, Wenxuan; Kuo, Jing-Ming; Lee, Edward - In: Journal of Multinational Financial Management 23 (2013) 3, pp. 166-185
We examine the impact of mutual fund ownership on stock price informativeness in China. Existing evidence shows that … stock price informativeness is low in China, and attributes this to firms’ lack of disclosure incentives under the weak … mutual funds in China can also be moderated by state ownership of listed firms, which reduces firms’ dependence on outside …
Persistent link: https://www.econbiz.de/10010664199
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Cost of Capital Effects and Changes in Growth Expectations Around U.S. Cross-Listings
Hail, Luzi - 2011
This paper examines whether cross-listing in the U.S. reduces foreign firms' costs of capital. While prior studies show that U.S. cross-listings are associated with substantial increases in firm value, the sources of these valuation effects are not well understood. We estimate cost of capital...
Persistent link: https://www.econbiz.de/10012714115
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Industrial reforms in China : state owned enterprises between output growth and profitability decline
Raiser, Martin - 1995
Persistent link: https://www.econbiz.de/10004181250
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Venture Capital Investment and the Post-IPO Performance of Entrepreneurial Firms: Evidence from the People's Republic of China
Guo, Di; Jiang, Kun; Mai, Xiaoting - In: Asian Development Review 32 (2015) 1, pp. 113-141
in the People's Republic of China (PRC) after an initial public offering (IPO). Firm-level panel data analysis shows that …
Persistent link: https://www.econbiz.de/10011255217
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Corporate governance and firm value during the global financial crisis: Evidence from China
Liu, Chunyan; Uchida, Konari; Yang, Yufeng - In: International Review of Financial Analysis 21 (2012) C, pp. 70-80
We find that Chinese state-owned enterprises (SOEs) that performed poorly before the global financial crisis performed better during the crisis, especially when they relied on bank debt. This suggests that state ownership mitigates financial constraints during times of financial crisis. Large...
Persistent link: https://www.econbiz.de/10010582652
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Banking In China: Are New Tigers Supplanting the Mammoths?
Ferri, Giovanni - Hong Kong Institute for Monetary Research (HKIMR), … - 2008
China, while state-owned commercial banks operate nationwide). Using a field survey on 20 city commercial banks from three … necessary to bring better banking to China. …
Persistent link: https://www.econbiz.de/10005435845
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CEO Incentives in Chinese State-Controlled Firms
Johansson, Anders C.; Feng, Xunan - Stockholm China Economic Research Institute, … - 2013
-controlled firms in China, suggesting that there is a functioning labor market for top managers in the Chinese state sector. …
Persistent link: https://www.econbiz.de/10010691916
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Legal protection and underpricing of IPOs: Evidence from China
Liu, Jianlei; Uchida, Konari; Gao, Ruidong - In: Pacific-Basin Finance Journal 27 (2014) C, pp. 163-187
Chinese data enable investigation of the relationship between underpricing of initial public offerings (IPOs) and legal protection with controlling for time-invariant characteristics of regions. Our investigation of Chinese IPOs between 1997 and 2009 shows that firms from a province with more...
Persistent link: https://www.econbiz.de/10010785044
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The Echoing Effects of the Sarbanes-Oxley Act : Are the High Costs of its Implementation Worth it?
Galindo, Raquel - 2006
When executives ignore the well being of the company's shareholders for the sake of personal profit and upset the precarious balance of the stock markets, putting into question the ethics of the business world and shifting public opinion, legislators must respond quickly and efficiently with new...
Persistent link: https://www.econbiz.de/10012735233