Foreign vs. domestic listing: An entrepreneurial decision

被引：39

作者：

Ding, Yuan ^{[1
]}

Nowak, Eric ^{[2
]}

Zhang, Hua ^{[1
]}

机构：

[1] CEIBS, Shanghai 201206, Peoples R China

[2] Univ Lugano USI, Lugano, Switzerland

来源：

JOURNAL OF BUSINESS VENTURING | 2010年 / 25卷 / 02期

关键词：

Entrepreneurial firms; IPO; Foreign stock listing; Corporate governance; China; MANAGEMENT; OWNERSHIP; COMPANIES; COSTS;

D O I：

10.1016/j.jbusvent.2008.05.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we use a unique hand-collected dataset to analyze stock listing as an entrepreneurial decision. By comparing mainland Chinese entrepreneurial firms listed in Hong Kong with the same type of firms opting for a domestic listing on the Shenzhen second board market, we argue that the decision to list on a particular stock exchange is a question of entrepreneurial signaling, and often a trade-off between short-term financial considerations and the entrepreneur's pursuit of long-term benefits. (C) 2008 Elsevier Inc. All rights reserved.

引用

页码：175 / 191

页数：17

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