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Chapter and Conference Paper
Institutional Investors and Corporate Short-Term Debt Financing
China’s listed companies have short-term debt financing preference. But institutional shareholders have the ability to influence the company’s financing decisions. Through the analysis of 2009–2011 data, we fo...
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Chapter and Conference Paper
Private Placement Under the Control of Large Shareholders and Long-Run Stock-Price Performance
We examine post-offering stock-price performance for a sample of firms that issue stock privately during the June 2006 to December 2007 period. We find that, the short-run abnormal returns are irrelevant to th...