Underpricing and long-term performance of IPOs in China

415 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

What are the Reliably Important Determinants of Capital Structure in China (2014, background): “The CSRC also set the initial public offering (IPO) price in the range of 13–16 times the earnings per share from 1993 to 1998 (Chan et al., 2004).”
Politically-Connected CEOs, Corporate Governance and Post-IPO Performance of China's Partially Privatized Firms (2014, background): “IPOs (Su and Fleisher, 1999; Chan, Wang, and Wei, 2004; Chen, Firth, and Kim, 2004).”
Regulations, Earnings Management, and Post-IPO Performance: The Chinese Evidence (2007, background): “By comparison, for Chinese IPOs over a six-year (1993– 1998) period, Chan et al. (2003) reported a considerably larger initial return of 175.”
Corporate finance and governance in emerging markets: A selective review and an agenda for future research (2011, background): “For example, a typical IPO in China's A-share markets would have to underprice by almost 200% not long ago (Chan et al., 2004).”