完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Li, Xiaodan | en_US |
dc.contributor.author | Jiao, Yang | en_US |
dc.contributor.author | Yu, Min-Teh | en_US |
dc.contributor.author | Zhao, Yang | en_US |
dc.date.accessioned | 2020-01-02T00:04:25Z | - |
dc.date.available | 2020-01-02T00:04:25Z | - |
dc.date.issued | 2019-10-01 | en_US |
dc.identifier.issn | 0927-538X | en_US |
dc.identifier.uri | http://dx.doi.org/10.1016/j.pacfin.2018.04.009 | en_US |
dc.identifier.uri | http://hdl.handle.net/11536/153453 | - |
dc.description.abstract | This study collects data on IPOs of U.S.-listed Chinese companies from 2000 to 2015 and explores why some of these firms deviate from the one share-one vote regime when going public. Our results identify "founder's influence" and "e-businesses" as two key determinants of dual-class IPOs that have not been found in the previous literature. The significance of the effect of fundraising for long-term investments as found in the literature and this study disappears when comparing these two new determinants together. We also provide empirical evidence that managers adopt a dual-class share structure in order to retain control and to diversify the risk of their own wealth, and that there is no significant performance difference between dual-class firms and single-class firms after IPOs. | en_US |
dc.language.iso | en_US | en_US |
dc.subject | Dual-class shares | en_US |
dc.subject | Founder | en_US |
dc.subject | US-listed Chinese companies | en_US |
dc.subject | IPO | en_US |
dc.title | Founders and the decision of Chinese dual-class IPOs in the US | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1016/j.pacfin.2018.04.009 | en_US |
dc.identifier.journal | PACIFIC-BASIN FINANCE JOURNAL | en_US |
dc.citation.volume | 57 | en_US |
dc.citation.spage | 0 | en_US |
dc.citation.epage | 0 | en_US |
dc.contributor.department | 資訊管理與財務金融系 註:原資管所+財金所 | zh_TW |
dc.contributor.department | Department of Information Management and Finance | en_US |
dc.identifier.wosnumber | WOS:000496333600055 | en_US |
dc.citation.woscount | 0 | en_US |
顯示於類別: | 期刊論文 |