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The Information Implication of Merger and Acquisition Announcements : Evidence from the U.S. And China
Liang, Hao - 2010
This study examines the impact of merger and acquisition (M&A) announcements made by U.S. companies listed on New York …
Persistent link: https://www.econbiz.de/10013143825
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Going public in China : reverse mergers versus IPOs
Lee, Charles M. C.; Qu, Yuanyu; Shen, Tao - 2018 - This draft: July 17, 2018
We study firms that go public through reverse mergers (RMs) versus initial public offerings (IPOs) in China. Using a manually assembled data set, we show that pre-listing RM firms are larger, more profitable, and less politically connected than pre-listing IPO firms. Chinese RM firms also have...
Persistent link: https://www.econbiz.de/10011979947
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Reverse mergers, shell value, and regulation risk in Chinese equity markets
Lee, Charles M. C.; Qu, Yuanyu; Shen, Tao - 2017
Using a comprehensive sample of reverse merger (RM) transactions, we examine the effects of China's IPO regulations on …
Persistent link: https://www.econbiz.de/10011873081
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Alternative Corporate Governance : Domestic Media Coverage of Mergers and Acquisitions in China
Borochin, Paul - 2015
A text analysis of domestic Chinese newspaper articles on 797 proposed mergers shows that media in developing countries are quantifiably susceptible to pressure: media coverage is more favorable for deals consistent with government objectives and involving powerful local firms. However, we also...
Persistent link: https://www.econbiz.de/10013033415
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Investor's inattention and earnings announcement effects on tomb-sweeping day in China
Feng, Qingchen; Ning, Dengyun; Zhang, Wan; Zhou, Rui - In: Credit and capital markets : Kredit und Kapital 55 (2022) 2, pp. 291-320
This study investigates the relationship between investor inattention and earnings announcement effects around a Chinese holiday called Tomb-Sweeping Day, which, unlike other holidays, is short. Not only is investor attention distracted, which can generate emotional fluctuation, but a large...
Persistent link: https://www.econbiz.de/10014518585
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Does target firm's earnings management affect shareholder's gains? : evidence from China
Mughal, Azhar; Haque, Abdul; Zahid, Zohaib; Ali, Furman; … - In: Credit and capital markets : Kredit und Kapital 55 (2022) 2, pp. 203-226
leading to a takeover announcement. Using a sample of 3,455 Chinese listed firms that are targets of successful acquisitions … also suggests that pre-merger earnings management in target firms is not fully anticipated by the market before the … takeover announcement. We find no evidence of earnings management immediately after the announcement quarter. …
Persistent link: https://www.econbiz.de/10014518537
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Empirical study on the impact of major asset restructuring on the price of sub-new stocks in Chinese A-shares
Mingli, Zhang; Yijie, Zhang; Simeng, Qin; Juhong, Gong - In: International journal of finance & economics : IJFE 27 (2022) 1, pp. 1461-1472
Persistent link: https://www.econbiz.de/10012815087
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Assessing abnormal returns : the case of Chinese M&A acquiring firms
Song, Xiaojing; Tippett, Mark; Vivian, Andrew - In: Research in international business and finance 42 (2017), pp. 191-207
Persistent link: https://www.econbiz.de/10011750210
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Market reactions for targets of M&A rumours : evidence from China
Yang, Shuai; Chen, Shihua - In: Economic research 34 (2021) 1,3, pp. 2956-2974
Persistent link: https://www.econbiz.de/10014232031
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Investor attention and stock returns under negative shocks : an empirical analysis based on "dragon and tiger" list in China
Zhai, Xiao-ying; Hou, Ying-ying; Li, Yuanshun - In: Journal of business economics and management 21 (2020) 3, pp. 914-941
Using the "Dragon and Tiger" list, we construct a clean indicator that directly measures investor attention, empirically test the effect of investor attention on stock return under negative shocks and whether the effect is affected by the bull or bear market, the industry, firm size, age and...
Persistent link: https://www.econbiz.de/10012270507