메뉴 건너뛰기




Volumn 13, Issue 1, 2005, Pages 53-80

The financial and operating performance of China's newly listed H-firms

Author keywords

China; Hong Kong stock market; IPO; Share issue privatization (SIP); State owned enterprises (SOEs)

Indexed keywords


EID: 11144271525     PISSN: 0927538X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.pacfin.2004.05.001     Document Type: Article
Times cited : (43)

References (27)
  • 2
    • 0004442622 scopus 로고    scopus 로고
    • The financial and operating performance of newly privatized firms: Evidence from developing countries
    • Boubakri N. Cosset J. The financial and operating performance of newly privatized firms: Evidence from developing countries Journal of Finance 53 1998 1081-110
    • (1998) Journal of Finance , vol.53 , pp. 1081-1110
    • Boubakri, N.1    Cosset, J.2
  • 3
    • 0345900926 scopus 로고    scopus 로고
    • Discounts on illiquid stocks: Evidence from China
    • Yale ICF Working Paper No. 00-56
    • Chen, Z., Xiong P., 2001, Discounts on illiquid stocks: Evidence from China, Yale ICF Working Paper No. 00-56
    • (2001)
    • Chen, Z.1    Xiong, P.2
  • 4
    • 2342610095 scopus 로고    scopus 로고
    • The post-issue market performance of initial public offerings in China's new stock market
    • Chen G. Firth M. Kim J. The post-issue market performance of initial public offerings in China's new stock market Review of Quantitative Finance and Accounting 14 2000 319-339
    • (2000) Review of Quantitative Finance and Accounting , vol.14 , pp. 319-339
    • Chen, G.1    Firth, M.2    Kim, J.3
  • 5
    • 0011086176 scopus 로고    scopus 로고
    • The financial and operating performance of privatized firms during the 1990s
    • D'Souza J. Megginson W. The financial and operating performance of privatized firms during the 1990s Journal of Finance 54 1999 1397-1438
    • (1999) Journal of Finance , vol.54 , pp. 1397-1438
    • D'Souza, J.1    Megginson, W.2
  • 6
    • 0003556723 scopus 로고    scopus 로고
    • Determinants of performance improvements in privatized firms: The role of restructuring and corporate governance
    • Working paper
    • D'Souza, J., Megginson, W., Nash, R., 2000, Determinants of performance improvements in privatized firms: The role of restructuring and corporate governance. Working paper (http://www.ssrn.com/abstract_id=243186)
    • (2000)
    • D'Souza, J.1    Megginson, W.2    Nash, R.3
  • 7
    • 84993845943 scopus 로고
    • Size and book-to-market factors in earnings and returns
    • Fama E. French K. Size and book-to-market factors in earnings and returns Journal of Finance 50 1995 131-155
    • (1995) Journal of Finance , vol.50 , pp. 131-155
    • Fama, E.1    French, K.2
  • 8
    • 84993850751 scopus 로고
    • The post-issue operating performance of IPO firms
    • Jain B. Kini O. The post-issue operating performance of IPO firms Journal of Finance 49 1994 1699-1726
    • (1994) Journal of Finance , vol.49 , pp. 1699-1726
    • Jain, B.1    Kini, O.2
  • 9
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen M. Meckling W. Theory of the firm: Managerial behavior, agency costs, and ownership structure Journal of Financial Economics 3 1976 305-360
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 10
    • 0000746374 scopus 로고    scopus 로고
    • Share issue privatizations as financial means to political and economic ends
    • Jones S. Megginson W. Nash R. Netter J. Share issue privatizations as financial means to political and economic ends Journal of Financial Economics 53 1999 217-253
    • (1999) Journal of Financial Economics , vol.53 , pp. 217-253
    • Jones, S.1    Megginson, W.2    Nash, R.3    Netter, J.4
  • 15
    • 0039054770 scopus 로고    scopus 로고
    • The operating performance of firms conducting seasoned equity offerings
    • Loughran T. Ritter J. The operating performance of firms conducting seasoned equity offerings Journal of Finance 52 1997 1823-1850
    • (1997) Journal of Finance , vol.52 , pp. 1823-1850
    • Loughran, T.1    Ritter, J.2
  • 17
    • 0001759920 scopus 로고    scopus 로고
    • From state to market: A survey of empirical studies on privatization
    • Megginson W. Netter J. From state to market: A survey of empirical studies on privatization Journal of Economic Literature 39 2001 321-389
    • (2001) Journal of Economic Literature , vol.39 , pp. 321-389
    • Megginson, W.1    Netter, J.2
  • 18
    • 84993888589 scopus 로고
    • The financial and operating performance of newly privatized firms: An international empirical analysis
    • Megginson W. Nash R. Randenborgh M. The financial and operating performance of newly privatized firms: An international empirical analysis Journal of Finance 49 1994 403-452
    • (1994) Journal of Finance , vol.49 , pp. 403-452
    • Megginson, W.1    Nash, R.2    Randenborgh, M.3
  • 19
    • 0031161492 scopus 로고    scopus 로고
    • Ownership and operating performance of companies that go public
    • Mikkelson W. Partch M. Shah K. Ownership and operating performance of companies that go public Journal of Financial Economics 44 1997 281-308
    • (1997) Journal of Financial Economics , vol.44 , pp. 281-308
    • Mikkelson, W.1    Partch, M.2    Shah, K.3
  • 20
    • 0009895248 scopus 로고    scopus 로고
    • Why do companies go public? An empirical analysis
    • Pagano M. Panetta F. Zingales L. Why do companies go public? An empirical analysis Journal of Finance 53 1998 27-64
    • (1998) Journal of Finance , vol.53 , pp. 27-64
    • Pagano, M.1    Panetta, F.2    Zingales, L.3
  • 21
    • 0011019614 scopus 로고    scopus 로고
    • Shareholding structure and corporate performance of partially privatized firms: Evidence from listed Chinese companies
    • Qi D. Wu W. Zhang H. Shareholding structure and corporate performance of partially privatized firms: Evidence from listed Chinese companies Pacific-Basin Finance Journal 8 2000 587-610
    • (2000) Pacific-Basin Finance Journal , vol.8 , pp. 587-610
    • Qi, D.1    Wu, W.2    Zhang, H.3
  • 22
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter J. The long-run performance of initial public offerings Journal of Finance 46 1991 3-27
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.1
  • 23
    • 0038126508 scopus 로고    scopus 로고
    • Investment banking and securities issuance
    • G. Constantinides, M. Harris, R. Stulz (Eds.), Amsterdam: North-Holland
    • Ritter J. Investment banking and securities issuance In: Constantinides G. Harris M. Stulz R. (Eds.) Handbook of the Economics of Finance 2003 253-304 North-Holland Amsterdam
    • (2003) Handbook of the Economics of Finance , pp. 253-304
    • Ritter, J.1
  • 24
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer A. Vishny R. A survey of corporate governance Journal of Finance 52 1997 737-783
    • (1997) Journal of Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.2
  • 25
    • 0000370948 scopus 로고    scopus 로고
    • Earnings management and the long-run market performance of initial public offerings
    • Teoh S.H. Welch I. Wong T.J. Earnings management and the long-run market performance of initial public offerings Journal of Finance 53 1998 1935-1974
    • (1998) Journal of Finance , vol.53 , pp. 1935-1974
    • Teoh, S.H.1    Welch, I.2    Wong, T.J.3
  • 26
    • 8844241280 scopus 로고    scopus 로고
    • Is public listing a way out for state-owned enterprises? The case of China
    • Tsinghua NCER working paper series No. 200111
    • Wang X. Xu C. Zhu T. Is public listing a way out for state-owned enterprises? The case of China 2001 Tsinghua NCER working paper series No. 200111, http://www.ncer.tsinghua.edu.cn/lunwen/ paper2/wp200111.pdf
    • (2001)
    • Wang, X.1    Xu, C.2    Zhu, T.3
  • 27
    • 0002880326 scopus 로고    scopus 로고
    • Ownership structure and corporate governance in Chinese stock companies
    • Xu X. Wang Y. Ownership structure and corporate governance in Chinese stock companies China Economic Review 10 1999 75-98
    • (1999) China Economic Review , vol.10 , pp. 75-98
    • Xu, X.1    Wang, Y.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.