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アイテム
Segmented Stock Market and the IPO in a Transition Economy : Evidence from Chinese B-Share Firms
https://ncu.repo.nii.ac.jp/records/732
https://ncu.repo.nii.ac.jp/records/7327b345229-0a6f-4500-b733-4b625f61de7f
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
B41-20090301-23 (620.0 kB)
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| アイテムタイプ | 紀要論文2 / Departmental Bulletin Paper(1) | |||||||
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| 公開日 | 2014-04-10 | |||||||
| タイトル | ||||||||
| タイトル | Segmented Stock Market and the IPO in a Transition Economy : Evidence from Chinese B-Share Firms | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Corporate Finance | |||||||
| キーワード | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Capital Market | |||||||
| キーワード | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Financial Deregulation | |||||||
| キーワード | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Initial Public Offering | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||
| 資源タイプ | departmental bulletin paper | |||||||
| 著者 |
Nagano, Mamoru
× Nagano, Mamoru
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| 抄録(英) | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | The Chinese stock market has been segmented into those for domestic and foreign investors under its market oriented economic reform process. This paper examines what promotes the former A-share public firms to go initial public offerings in the latter B-share market. Following implications are derived from the empirical analyzes. First, an A-share firm’s profitability positively influences the probability of the IPO in the B-share market, but reverses after additional issuances are made. Second, in addition, an A-share firm’s IPO in the B-share market consequently relaxed the bank borrowing constraint in the post-IPO period. Third, an A-share firm with high growth opportunity is apt to go IPO in the B-share market. Fourth, size of the A-share firm is positively related to both the probability of IPO and the number of capital stock issued in the B-share market. | |||||||
| 書誌情報 |
オイコノミカ 巻 45, 号 3-4, p. 23-35, 発行日 2009-03-01 |
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| ISSN | ||||||||
| 収録物識別子タイプ | ISSN | |||||||
| 収録物識別子 | 03891364 | |||||||
| 書誌レコードID | ||||||||
| 収録物識別子タイプ | NCID | |||||||
| 収録物識別子 | AN00025971 | |||||||
