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[essays and dissertation][Business Subjects][Finance and Accounting]Choice of Foreign Listing Location: Experience of Chinese Firms论文
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 论文编号：
org200812011241011103 |
| 论文属性：
essay |
| 论文语言：English |
| 论文国家：New zealand |
| 登出日期： 2008-12-01 |
| 字数： 8000 |
| 源程序：
无 |
| 价格：
100 |
| 注明： |
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| 论文大纲，目录 |
| 关键词搜索：Foreign listing; Cross-listing; Listing location; Chinese stocks |
At the end of October 2003, there were 237 Chinese firms listed in various stock exchanges outside of mainland China. Beyond geographical proximity and other obvious explanations of why Chinese firms prefer a listing in Hong Kong more than the U.S., we identify two additional benefits of a Hong Kong listing over the U.S. We find that a Hong Kong listing improves the information environment of Chinese firm significantly more than a U.S. listing. We also find that the Hong Kong-listed firms are less financially constrained, which may be due to their ability to access the Hong Kong capital market for external financing. The results of our study imply that the benefits of foreign listing may be dependent on the choice of listing location.英语论文网 【http://www.51lunwen.org】
本文来自：英语论文网 【http://www.51lunwen.org】 |
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