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...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| 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 |
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| Institution: | Singapore Management University |
| Language: | English |