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Asymmetric Information and IPO Size of Newly Listed Chinese Companies

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dc.contributor.author Miglo, Anton en_US
dc.contributor.author Wu, Congsheng en_US
dc.date.accessioned 2014-07-16T16:14:08Z
dc.date.available 2014-07-16T16:14:08Z
dc.date.issued 2014-03-28 en_US
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/388
dc.description.abstract We build a model of an IPO for firms with private information about their earnings profile over time and test the model’s predictions using a complete sample of newly listed Chinese companies between 1992 and 2007. The model predicts that IPO size is positively correlated with short-term operating performance that is not directly consistent with traditional theories. It also provides an explanation for negative correlation between debt and profitability that is not consistent with standard trade-off theory or signaling theory. The empirical results provide strong support for our model. en_US
dc.language.iso en_US en_US
dc.subject Faculty research day en_US
dc.subject Business en_US
dc.subject China en_US
dc.subject Initial public offering (IPO) en_US
dc.title Asymmetric Information and IPO Size of Newly Listed Chinese Companies en_US
dc.type Presentation en_US
dc.institute.department School of Business en_US
dc.institute.name University of Bridgeport en_US
dc.event.location Bridgeport, CT en_US
dc.event.name Faculty Research Day en_US

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