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...

Purpose: The modern logistics has a significant role in today's society, logistics cost accounts for 35% to 50% of the total logistics costs, so it has great significance to improve the transport performance of logistics enterprises. Design/methodology/approach: The authors selected the...

In this paper, I show that displacement of high-school workers from routine jobs can be understood as the labour-market response to an adverse selection problem. The adverse selection problem arises because employment contracts do not systematically discriminate against education, even though...