Lee, Charles M. C.; Li, Kevin K.; Zhang, Ran - Graduate School of Business, Stanford University - 2014
We examine the financial health and performance of reverse mergers (RMs) that became active on U.S. stock markets between 2001 and 2010, particularly those from China (around 85% of all foreign RMs). As a group, RMs are small, early-stage companies that typically trade over-the-counter. Chinese...