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首页> 外文期刊>Journal of Small Business Management >The Effects of Industrial Policy Support on IPO Performance: Evidence from Listed Enterprises of the Chinese SMEs Board
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The Effects of Industrial Policy Support on IPO Performance: Evidence from Listed Enterprises of the Chinese SMEs Board

机译:产业政策支持对IPO绩效的影响:来自中国中小企业董事会上市企业的证据

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摘要

This study examines the effects of industrial policy support on the initial public offering performance of listed enterprises on the Chinese small and medium-sized enterprises board. We observe that industrial policy support has a positive effect on IPO performance. In addition, we provide evidence that after the financial crisis, the decrease of IPO underpricing resulting from policy support implemented three months before firms going public is less than that deriving from the policy support issued six months prior to listing, whereas the effect of industrial policy support on post-IPO operating performance has increased after the financial crisis.
机译:本研究考察了产业政策支持对中国中小企业董事会上市企业首次公开发行业绩的影响。我们观察到,产业政策支持对IPO业绩具有积极影响。此外,我们提供的证据表明,在金融危机之后,公司上市前三个月实施的政策支持导致的IPO抑价下降幅度小于上市前六个月发布的政策支持所产生的IPO抑价幅度,而产业政策的影响金融危机后,对IPO后运营业绩的支持增加了。

著录项

  • 来源
    《Journal of Small Business Management》 |2019年第2期|616-639|共24页
  • 作者

    Hou Xiaohui; Li Wanli;

  • 作者单位

    Xi An Jiao Tong Univ, Sch Econ & Finance, Finance, Xian, Shaanxi, Peoples R China;

    Shanghai Univ Int Business & Econ, Sch Accountancy, Accounting, Shanghai, Peoples R China;

  • 收录信息 美国《科学引文索引》(SCI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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