Accounting-Based Regulation in Emerging Markets: The Case of China's Seasoned Equity Offerings
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...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/195 http://dx.doi.org/10.1016/j.intacc.2007.06.001 |
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| Institution: | Singapore Management University |
| Language: | English |