Jin, Zhi; Zhang, Liguang; Xin, Qingquan - In: China journal of accounting studies 8 (2020) 2, pp. 272-297
Using the high-speed rail opening of each city in China as a natural experiment, we apply the difference-in-differences model to investigate how the transportation infrastructure in a region affects the behaviour of local company going public. We find that after high-speed rail runs through a...