International Cross-Listing of Chinese Firms - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Cross-Listing of Chinese Firms write by Liu, Lixian. This book was released on 2014-01-31. International Cross-Listing of Chinese Firms available in PDF, EPUB and Kindle. While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms.
The Economic Consequences of Increased Disclosure
The Economic Consequences of Increased Disclosure - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Consequences of Increased Disclosure write by Haiyan Zhou. This book was released on 2009. The Economic Consequences of Increased Disclosure available in PDF, EPUB and Kindle. In this paper we investigate the impact of cross-listings on information asymmetry risk, the cost of capital and firm value of a group of cross-listed Chinese companies. Our paper is the first to examine the effect of cross-listing on information asymmetry risk. Because cross-listed firms are subject to increased disclosure requirements, increased regulatory scrutiny and increased legal liability, we propose that Chinese cross-listed firms have lower information asymmetry risk, lower cost of capital and higher firm value than their non-cross-listed counterparts. We find in both univariate and multivariate tests that cross-listed firms enjoyed lower information asymmetry risk in the domestic market compared with the non-cross-listed firms. We also find that cross-listed firms have lower cost of capital in the cross-listing market than non-cross-listed firms in the domestic markets. Finally, we find that cross-listed firms are associated with higher firm value as measured by Tobin's Q. These results have implications for international investors and companies seeking cross-listing opportunities.
Chinese Companies and the Hong Kong Stock Market
Chinese Companies and the Hong Kong Stock Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Chinese Companies and the Hong Kong Stock Market write by Flora Xiao Huang. This book was released on 2013-10-30. Chinese Companies and the Hong Kong Stock Market available in PDF, EPUB and Kindle. Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.
Chinese Firms Cross-listed on the New York Stock Exchange
Chinese Firms Cross-listed on the New York Stock Exchange - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Chinese Firms Cross-listed on the New York Stock Exchange write by Delia Hovey. This book was released on 2003. Chinese Firms Cross-listed on the New York Stock Exchange available in PDF, EPUB and Kindle.
Does Cross-listing of Chinese Firms Matter to Firm Performance?
Does Cross-listing of Chinese Firms Matter to Firm Performance? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Does Cross-listing of Chinese Firms Matter to Firm Performance? write by . This book was released on 2013. Does Cross-listing of Chinese Firms Matter to Firm Performance? available in PDF, EPUB and Kindle.
