Sun, Qian; Tong, Wilson H.S.; Wu, Yujun - In: Journal of Banking & Finance 37 (2013) 5, pp. 1460-1474
We investigate why the Chinese government chooses to perform share issue privatization (SIP) of its state-owned enterprises (SOEs) in Hong Kong, despite the benefit of facilitating the domestic stock market development if performing SIP in China (Subrahmanyam and Titman, 1999) and the higher...