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2014
중국 상장기업의 해외 IPO 대상국선택 결정요인 분석
Determinants of Overseas IPO Location Selection by Chinese Stock Exchange Listed Enterprises
한국무역연구원
한병섭 외 1명
논문정보
- Publisher
- 무역연구
- Issue Date
- 2014-12-31
- Keywords
- -
- Citation
- -
- Source
- -
- Journal Title
- -
- Volume
- 10
- Number
- 6
- Start Page
- 351
- End Page
- 366
- DOI
- ISSN
- 17388112
Abstract
AbstractSince 1993, TSING DAO issued H shares in Hong Kong and Chinese enterprises beganlisting their shares overseas. Right now, more and more Chinese enterprises have listed inHongkong, Singapore and some countries successfully. With China’s overseas IPOs active,studying the determinants of overseas IPO location selection is necessary. This paperexamines determinants of overseas IPO location selection by analyzing 758 Chinese stockexchange listed enterprises for the period 2002-2012. Poisson regression analysis showed thatthe IPO country''s investor protection, disclosure index, stock turnover, economic freedom andthe trade volume between China and the IPO host country have a positive impact on Chineseenterprises overseas IPO in developed country while only economic freedom affects Chineseenterprises’ overseas IPO in developing countries.
- 전남대학교
- KCI
- 무역연구
저자 정보
| 이름 | 소속 |
|---|---|
| 한병섭 | 경영학부 |