China share issue privatisation: the extent of its success
Article Abstract:
The performance changes of 634 state-owned enterprises (SOEs) listed on ChinaEs two exchanges upon share issuing privatisation (SIP) in the period 1994-98 are examined. The SIP is found to be effective in bettering the earnings ability, sales and worker productivity of the SOEs, but is not effective in improving profit returns and leverage after privatisation. The positive and negative impacts of state, foreign and legal-person ownership on firm performance are discussed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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Why firms issue targeted stock
Article Abstract:
Research indicates that the 3 days following stock issuance announcements shows an abnormally high market reaction. It is also indicated that lower tax-loss carry forwards are seen when firms that issue targeted stock.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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Investment bank market share, contingent fee payments, and the performance of acquiring firms
Article Abstract:
The market share of investment banks acting as advisors in mergers and tender offers is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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