Market failure and reemergence: A study of Chinese firms listed in the US.

Market failure and reemergence: A study of Chinese firms listed in the US.

Our study documents a “Lemons” market failure of Chinese firms listed in the US in 2011 and a subsequent rebound by 2013. Our tests reveal that there was little difference in ex ante observable characteristics of fraudulent and non-fraudulent Chinese firms listed in the US prior to 2011 while entrep...

Full description

Saved in:
Bibliographic Details
Main Authors: Hai LU, LU, Hai, LUO, Wei
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Chinese Firms
IPOs
Frauds
Lemons market
Information Asymmetry
Asian Studies
Marketing
Online Access:https://ink.library.smu.edu.sg/soa_research/1591
https://ink.library.smu.edu.sg/context/soa_research/article/2618/viewcontent/SSRN_id2845180.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1591
https://ink.library.smu.edu.sg/context/soa_research/article/2618/viewcontent/SSRN_id2845180.pdf

Similar Items