We examine the linkage between the Singapore and China fuel oil markets using cointegration and Granger causality tests. We find that the Singapore fuel oil spot price is positively correlated with the Shanghai fuel oil futures price and the Huangpu fuel oil spot price. The correlations are as...

For most companies in China, especially privately owned enterprises, going public to raise external funds is very difficult. Therefore, entering the capital market through corporate control of a publicly listed firm provides a plausible channel for private firms to raise funds externally. The...

Previous research shows that Chinese A-share initial public offerings (IPOs) experience very high initial returns. This study focuses on Chinese B-share IPOs and investigates their initial returns, operating performance change before and after listing, and long-run market performance. We study...