A re-examination of China's share issue privatization
Previous studies show that in contrast to evidence that share issue privatization (SIP) in most other countries have improved firm profitability, China's SIP of the 1990s had no such effect. We argue that the main reason for the failure of China's SIP is likely to have been the weak instit...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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Online Access: | https://ink.library.smu.edu.sg/soa_research/1585 https://ink.library.smu.edu.sg/context/soa_research/article/2612/viewcontent/1_s20_S037842660900140X_main.pdf |
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Institution: | Singapore Management University |
Language: | English |