The Effects of Going Public on Bank Risks: Evidence from China

被引：4
作者：
Geng, Hongyan [1 ]
Cheng, Maoyong [2 ]
Zhang, Junrui [1 ]
Zhao, Hong [1 ]
机构：
[1] Xi An Jiao Tong Univ, Sch Management, Xian, Shaanxi, Peoples R China
[2] Xi An Jiao Tong Univ, Sch Econ & Finance, Xian, Shaanxi, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2021年 / 57卷 / 02期
基金：
中国国家自然科学基金; 中国博士后科学基金;
关键词：
Bank risks; China; going public; state ownership; PRUDENTIAL BEHAVIOR; OWNERSHIP STRUCTURE; MARKET COMPETITION; EFFICIENCY; PERFORMANCE; IPO; DIVERSIFICATION; PRIVATIZATION; BENEFITS; DECISION;
D O I：
10.1080/1540496X.2019.1588726
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using data from China's banks between 1995 and 2017, we employ propensity score matching and difference in differences approaches to investigate the effects of going public on bank risks, including insolvency risk, capital risk, liquidity risk, asset quality, credit risk, and prudential behavior, and obtain the following results. First, bank risks (except for insolvency risk) are improved after going public. Second, going public has stronger effects if a bank is listed on more than one stock exchange. Finally, both the single-listing effects and cross-listing effects of going public on bank risks are stronger in state-owned banks than in non-state-owned banks.
引用
收藏
页码：444 / 464
页数：21
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