Lu, Deng; Si-fei, Li; Wei-xing, Wu - In: Applied Economics Letters 18 (2011) 15, pp. 1411-1414
This article examines the market discounts and announcement effects of private equity placements in China. We find that, on average, Chinese firms have about 30% market discounts for private placements, which is higher in number than those of US firms. Firms experience positive announcement...