How Do Institutional Investors Affect Corporate Performance? Evidence from Private Placements in China
Sign Up to like & getrecommendations! Published in 2018 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2018.1426456
Abstract: ABSTRACT Using data on private placements in China from 2007 to 2014, we show that abnormal returns of issuing companies’ stocks are significantly positive on the announcement day, but they become significantly negative during the… read more here.
Keywords: private placements; affect corporate; institutional investors; finance ... See more keywords
Earnings management under public offerings and private placements: evidence from China
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Business Innovation and Research"
DOI: 10.1504/ijbir.2018.10015135
Abstract: In this study, we compare earnings management behaviour of Chinese public firms under public offerings and private placements. We find that, in the year before the issuance, public offerings firms exhibit more income-increasing earnings management… read more here.
Keywords: private placements; management public; management; offerings private ... See more keywords