Long, Hai; Lin, Xiaochen; Chen, Yu - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-15
Based on a database of 200 listed firms from the Growth Enterprise Market of China, this paper employs regression models to investigate the significance of IPO capital expenditure to firms' operating performance. It suggests that a vast majority of pre-IPO money is spent on business development...
