Dang, Li; Yang, J. Jimmy - In: Journal of Multinational Financial Management 23 (2013) 3, pp. 235-253
We study the choice and valuation effects of alternative flotation methods using a sample of Chinese firms that must meet the return on equity (ROE) thresholds set by the government to raise equity capital. The ROE requirement, although changed over time, seems to play an important role on the...