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a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …
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a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …
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We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on experiences of the new public firms in the Chinese...
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