Accounting-Based Regulation in Emerging Markets: The Case of China's Seasoned Equity Offerings

• Main Authors: WANG, Jiwei, CHEN, Kevin
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2007
• 主題: Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/195; http://dx.doi.org/10.1016/j.intacc.2007.06.001
• 機構: Singapore Management University

In China, listed companies are required to achieve a minimum return on equity (ROE) before they can apply for permission to issue additional shares through seasoned-equity offerings (SEO). We document two benefits of this accounting-based regulation in China. First, this regulation limits the increa...