Li, Peixin; Wang, Baolian - In: China Finance Review International 4 (2014), pp. 3-23
authors argue that the better institutional environment of the USA can mitigate the information asymmetry problem and the … benefit of better information environment is larger. Findings– Referring to various data sources, the authors construct a … information from Datastream/Worldscope and the equity offering data from Global New Issue database. The empirical findings provide …