Ownership and operating performance of Chinese IPOs

@inproceedings{Wang2005OwnershipAO,
  title={Ownership and operating performance of Chinese IPOs},
  author={Changyun Wang},
  year={2005}
}
We examine changes in operating performance of Chinese listed companies around their initial public offerings, and focus on the effect of ownership and ownership concentration on IPO performance changes. We document a sharp decline in post-issue operating performance of IPO firms. We also find that neither state ownership nor concentration of ownership is associated with performance changes, but there is a curvilinear relation between legal-entity ownership and performance changes and between… CONTINUE READING

Tables from this paper.

Citations

Publications citing this paper.
SHOWING 1-10 OF 89 CITATIONS

Examination of IPO mispricing in four markets

VIEW 13 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

USE OF IPO PROCEEDS AND FIRM PERFORMANCE : A quantile regression approach 1

VIEW 5 EXCERPTS
CITES BACKGROUND & METHODS
HIGHLY INFLUENCED

FILTER CITATIONS BY YEAR

2000
2019

CITATION STATISTICS

  • 14 Highly Influenced Citations