Security regulations, access to the markets, and firm performance: Evidence from China
In this paper we study the economic consequences of the security regulation in China that requires firms to meet certain profitability benchmark before they can apply for rights offerings or seasoned equity offerings (SEOs). We find that due to the lack of access to the equity financing market, firm...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1027 |
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| Institution: | Singapore Management University |
| Language: | English |