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

• المؤلفون الرئيسيون: WANG, Jiwei, CHEN, Kevin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2007
• الموضوعات: Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/195; http://dx.doi.org/10.1016/j.intacc.2007.06.001

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...