Chi, Jing; Wang, Chunping; Young, Martin - In: Chinese Economy 43 (2010) 5, pp. 62-88
The long-run performance of Chinese IPOs is investigated using 897 A-share IPOs listed on the two Chinese stock exchanges from 1996 to 2002. Significantly positive abnormal returns are found up to three years after listing by using the cumulative abnormal return measure, the buy-and-hold...
