Liu, Jianlei; Uchida, Konari; Gao, Ruidong - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 814-833
We analyse the long-term stock performance of Chinese initial public offerings (IPOs) between the years of 2000 and 2007. The results reveal that firms with political connections experience better long-term stock performance. Our results suggest that the abolition of the Issuance Quota System...