Kao, Jennifer L.; Wu, Donghui; Yang, Zhifeng - In: Journal of Banking & Finance 33 (2009) 1, pp. 63-76
In this study, we examine whether government regulatory initiatives in China involving IPO by SOEs may have contributed to opportunistic behaviors by the issuer. We focus on two sets of IPO regulations issued between January 1, 1996 and February 11, 1999: pricing regulations, which stipulate...
