Huyghebaert, Nancy; Quan, Qi; Sun, Lijian - In: Journal of Financial Intermediation 23 (2014) 1, pp. 27-46
This paper uses the framework developed by Helwege and Liang (1996) to investigate the post-listing financing decisions of 221 Chinese state-owned enterprises that were partially privatized via the stock market in 1994–1999. First, we estimate a logit panel data model to examine the decision...
