Article ID Journal Published Year Pages File Type
5089446 Journal of Banking & Finance 2013 15 Pages PDF
Abstract
► We argue two reasons for China share-issue privatizes (SIP) state-owned enterprises (SOEs) in Hong Kong. ► Market order reason is: China market cannot absorb large-scale SIP activities and do SIP in Hong Kong. ► Governance reason is: Chinese SOEs leverage on Hong Kong better governance through cross-listing. ► We examine 92 Chinese firms listed in Hong Kong and find supporting evidence for both arguments.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Overseas listing as a policy tool: Evidence from China's H-shares
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